Auto Loans
Last updated July 29, 2024
Mountain America Credit Union offers competitive auto loan rates and flexible financing options to help you get behind the wheel of your dream car. Whether you're buying new or used, we're here to make the financing process smooth and affordable.
Auto Loan Options
Here are some of our popular auto loan options:
- New Car Loans: Finance your brand-new vehicle with competitive rates and flexible terms that meet your needs.
- Used Car Loans: Find the perfect used car within your budget and secure financing with ease.
- Refinance Auto Loans: Lower your monthly payments or shorten your loan term by refinancing your existing auto loan.
Applying for an Auto Loan
Here's how to apply for an auto loan with Mountain America Credit Union:
1. **Get Pre-Approved:** Determine your loan eligibility and potential borrowing power by taking advantage of our online auto loan pre-approval tool.
2. **Find Your Ideal Vehicle:** Shop around, test drive potential vehicles, and find the one that fits your budget and style.
3. **Gather Necessary Documents:** Be prepared to provide these documents when applying:
4. **Submit Your Application:** Complete the auto loan application process online or at a branch.
5. **Receive Loan Approval:** Our auto loan specialists will review your application and work to secure the best rates and terms for your situation.
6. **Finalize Your Loan:** Once your loan is approved, you'll sign the closing documents and receive the funds to purchase your vehicle.
Tips for Getting the Best Rate
Here are some tips for getting the most competitive rates on your auto loan:
- Maintain Good Credit: A strong credit score is crucial for securing lower interest rates.
- Shop Around: Compare rates from multiple lenders to ensure you're getting the best deal.
- Consider a Loan Term: A shorter loan term generally results in a higher monthly payment but lower overall interest costs.
- Make a Down Payment: A larger down payment can help qualify you for lower rates.
Contact Us
For questions about our auto loan options or to discuss your auto financing needs, please contact Mountain America Credit Union at 1-800-724-6228 or visit our website for more information.