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Auto Loans

Buying a new vehicle can be both exciting and stressful. Get an auto loan from VacationLand Federal Credit Union, and we’ll handle the stress so you can focus on the excitement.*

One of our Member Relations Representatives will walk you through each step, so you can stay in complete control of the process.

Apply for an auto loan online or stop by any branch in Sandusky, Vermilion, Norwalk, or Huron or call us at 1-800-691-9299 to get started.

Membership is required. Not currently a member? Become a member and start enjoying exclusive benefits from a local network today!

*Member must be in good standing with VLFCU. All loans are subject to credit approval. The rates and APR may differ depending on the term, credit qualifications, or loan-to-value.

Benefits of an Auto Loan from VLFCU

  • Easy application process
  • Pre-approvals for negotiating power
  • E-signature options available
  • Flexible terms
  • Financing options (new, used, refinance)
  • Competitive auto loan interest rates
  • Personal attention

Auto Loan Financing

Are you considering buying a car, but unsure how you’ll pay for it?

According to Kelley Blue Book the average price of a new car is over $47,000.

Auto loans are a popular way to distribute that cost over time, but it’s important to understand how interest and loan terms affect your monthly payments.

Take our short Financial Empowerment program on Vehicle Loans to learn the facts about:

  • Financing options
  • Fixed and variable interest rates
  • Monthly payment calculations

Buying New vs. Used

The decision of whether to purchase a new or used vehicle can be a tough one. It comes down to what you want and how much you can afford.

Buying a new vehicle has many advantages, including getting the vehicle exactly as you want it, obtaining a full manufacturer’s warranty, and having little if anything to worry about when it comes to repairs.

However, buying used can be a better choice, especially if your budget is limited. There are many late-model vehicles on the market with some of the manufacturer’s warranty remaining.

Two questions to answer before buying a used car:

  1. Is it in good mechanical shape?
  2. Is it priced fairly?

At VacationLand FCU, we urge you to have any used vehicle you’re considering buying checked by a qualified mechanic. The charge is minimal, usually $50 to $100, and includes checking all the vehicle’s major systems: engine, transmission, electrical, heating, cooling and brakes.

The fair market value of the vehicle can be determined easily by consulting any reputable pricing guide on the Internet or here at the credit union.

Whether you decide to buy a new or used vehicle, VacationLand Federal Credit Union urges you to carefully consider all the pros and cons before visiting car lots or dealerships.

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