Communication Federal Credit Union offers fast, friendly service and low interest rates on our new and used auto loans!
Qualified borrowers who finance directly with CFCU can enjoy up to three months with no payments!* Our auto loan experts can help you get pre-approved and take the stress out of your next car or truck purchase.
Get Better Rates
Financing at the dealership often results in higher interest rates than getting pre-approved for a loan with your credit union. At CFCU we offer rates as low as 3.24% APR† on new and used auto loans!
Getting pre-approved for a loan puts you in a better position to negotiate. If you know what rate your credit union is able to offer, you can leverage this to negotiate better rates or prices from the dealership.
Know Your Budget
Stay within your budget when shopping for a new or used car by knowing what loan amount you are approved for, and what monthly payments will be for the loan term.
Avoid making one of the most common car-buying mistakes: negotiating the monthly payment amount, and not the total purchase price. While it’s important to stay within your monthly budget for the loan payment amount, negotiating solely on monthly payments usually results in longer loan terms, higher interest rates, and more hidden fees.
When you get pre-approved for an auto loan before visiting the dealership, you’ll save time throughout the buying process. You’ll spend less time negotiating rates and payments, less time waiting for loan applications and paperwork to go through, and more time focusing on buying the right car for you at the right price.
Ready to take the next step? Click here to apply for an auto loan at a great rate from Communication Federal Credit Union!
Need to calculate how much car you can afford or what your monthly auto loan payment will be? Use this simple calculator to crunch the numbers.
Buy New or Used
Communication Federal Credit Union has partnered with several Auto Smart dealerships to make your next auto purchase easier.
When you get approved for an auto loan at CFCU, dealers on our Auto Smart network can see that you are already approved for a loan from the credit union. As a result, the dealerships know you are ready to buy and you have better negotiating power when you shop.
Because of our relationship, you can even close your loan with CFCU right at the dealer, saving you valuable time.
Repos = Great Savings
CFCU has teamed up with other area credit unions to sell repossessed autos through our partner, First Rate Autos! Buying at First Rate Autos is simple because they have no-haggle pricing.
If you are approved for an auto loan with Communication Federal Credit Union and you buy from First Rate Autos, your rate for your loan will not be more than 4.99% APR†, regardless of your credit score. Inventory changes frequently, so be sure to check back often for great deals.
For more than 50 years, Enterprise Car Sales has been selling cars only one way: they select great cars, offer them at competitive used car prices, and back each one with one of the industry’s best car warranties.
In addition to low used car prices, their professional staff is trained in a low-pressure sales process that puts their customers’ needs first. “That’s the right way to sell cars. It’s the Enterprise way.”
Optimize Your Car Buying Experience
Whether you are a first-time car buyer or you’ve been in the game for a while, here are a few tips and tricks from the pros at CFCU.
- Determine Your Budget
- Get Pre-Approved
- Focus on the Total Purchase Price
- Know When to Shop
- Don’t Be Afraid to Walk Away
All offers subject to credit union approval. Restrictions may apply.
*Interest begins accruing when funds are disbursed.
†APR = Annual Percentage Rate. Current CFCU loans not eligible for refinance at these rates. Rates and terms subject to change without notice.