stop paying too much!
Overpaying for your car loan? It's time to maximize your savings and get moving.
Rates have declined. If you financed your loan when rates were higher, you might want to consider refinancing your loan from another lender with us. By doing so, you could receive cash back and possibly even lower your payment!
Bring your auto loan to Commonwealth Credit Union and you could get:
- 1% cash back on your refinanced loan (up to $1,000)*
- Flexible repayment plans of up to 84 months**
- 100% financing available
- Online application and fast loan processing
All loans subject to approval.
*All loans subject to approval. Minimum loan amount is $10,000. Cash back amount is based on 1% of loan amount with a maximum bonus of $1,000. Bonus will be deposited into the member’s regular savings on the loan origination date. New purchases are not eligible; must be a refinance from another lender. Offer subject to change or termination without notice. IRS considers bonus monies reportable interest income.
**Payment example: For a $20,000 loan for 63 months with a 6.24% APR, the monthly payment will be $373.09.
Protect yourself down the road
EXTENDED WARRANTY
TRUSTAGE MRC
The older your vehicle gets, the more expensive it can be to fix it – and the more often you need to. Mechanical Repair Coverage (MRC) may help keep those costs in check, saving your budget from future unexpected repair costs. Explore MRC coverage.
AUTO INSURANCE
LIBERTY MUTUAL
It can be hard to find the best car insurance. That's why we work with Liberty Mutual to offer cost-effective coverage that's easy to get to and easy to understand.
DEPRECIATION PROTECTION
DPW
Depreciation Protection kicks in if your vehicle is ever totaled or stolen and not recovered at anytime over the life of the loan. It waives some or all of your loan balance in the event of the total loss of your vehicle. As about adding it to your loan.
GAP
COVERAGE
SECURIAN FINANCIAL
Guaranteed Asset Protection (GAP), is a voluntary, non-insurance program. It protects the "gap" between the vehicle's value and the amount you still owe on your loan if your vehicle is stolen or totaled. Ask about adding it at your loan closing.
UPDATE YOUR
COVERAGE
Submit proof of insurance
Make sure you're insurance company has Commonwealth Credit Union listed as a lien holder on your insurance policy. If your insurance changes, be sure to let us know.