Our auto and RV loans offer wonderful features:
- Competitive rates
- Flexible terms
- No prepayment penalty
- Loan Pay
- Pre-approval letter
Come into a windfall? Want to ease your monthly budget by lowering your loan payment?
Make a large payment toward your loan and request a one-time payment buydown adjustment. Your loan can be re-amortized with the existing interest rate and original maturity date with a new lower monthly payment.
Increase your account relationship and save money. You can earn a 0.05% interest rebate on your auto loan. If you open a checking account and meet the below requirements:
- Establish direct deposit of at least $500/month
- Use your debit card a minimum of 10 times (excluding ATM transactions)
Each month you meet the qualifying criteria, your loan will be credited with an interest rebate, lowering your loan balance, saving you money.
Buying a vehicle is a big decision. If you are not putting a large down payment, purchasing GAP is a way to protect your investment. GAP is a one-time cost that covers a deficiency balance on your auto loan in the case of an accident that results in your car being totaled or if it is stolen. If your insurance doesn’t cover the current loan balance, any remaining balance is paid, so you can start your next car purchase with confidence. Click here for more information.
SLO Credit Union is here to find you the best solution for your car buying needs. Get pre-approved and increase your negotiation power, by knowing what your budget is before walking onto a car lot.
We participate in the Credit Union Direct Lending (CUDL) Program, where you can do all your financing at any local participating auto dealership.