Car, Truck, & SUV Loans
It doesn't matter if you're buying a new or used car; nothing matches the experience of driving a new vehicle home for the first time. Typically, buying new wheels is both an event and an ordeal, but there’s the undeniable excitement too. So when you’re ready to buy, let CAHPCU know and we can help reduce some of the anxiety and increase the excitement because we are known for great low rates on cars, trucks, and SUVs. Plus, for all vehicle purchases funded through CAHPCU for over $10,000, you receive a voucher for a FREE Getaway Weekend at select hotels.
A new or used vehicle is probably second only to a home as the most expensive purchase you make. That’s why it’s important to know the best rates can be found at C.A.H.P. Credit Union. Call us now to learn more, or check out our rates below.
And remember that at CAHPCU:
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Terms up to 84 months
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Fast and easy application process
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Refinance loans from other lenders and save
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Apply online any time, stop by, or call either branch to apply
At CAHPCU you also get the same low rates for autos and motorcycles, and that’s a real deal these days!
We have included some helpful information if you want to learn more about the buying process:
Give us a call if you have any questions and we will help you get the answers you need to get a great deal on your next vehicle purchase.
Pre-owned or Used? Read a recent article...
Your Teen's First Car? Read a recent article...
Rates:
Rates determined by amount financed, loan term and credit worthiness. Call for changes that may apply since the effective date, or for information on additional loan products.
| New and Used Autos, Trucks, SUVs, and Motorcycles2 |
| Term (Months) |
100% Financing |
90% Financing |
80% Financing |
Minimum Loan Amount |
| 24 |
2.49% to 15.15% |
2.49% to 15.15% |
2.49% to 15.15% |
- |
| 36 |
2.99% to 15.15% |
2.99% to 15.15% |
2.99% to 15.15% |
- |
| 48 |
3.99% to 15.15% |
3.99% to 15.15% |
3.99% to 15.15% |
- |
| 60 |
4.79% to 15.15% |
4.69% to 15.15% |
4.59% to 15.15% |
$10,000 |
| 72 |
5.69% to 15.15% |
5.39% to 15.15% |
5.19%to 15.15% |
$15,000 |
| 84 |
6.09% to 15.15% |
5.69% to 15.15% |
5.39% to 15.15% |
$25,000 |
Call CAHPCU When You Need Financing!
If you choose to finance your next vehicle, you can be sure that as a member of CAHPCU you are getting great rates. Compare the financing and make sure you are using the Annual Percentage Rate (APR) and that the length of the loan is equal between comparisons. Be frugal, do not just focus on the monthly payment -- the total you will pay depends on the price you negotiate, the APR, and the length of the loan.
Sometimes special financing rates for specific cars or models may be advertised, but usually certain restrictions apply to qualify. Make sure you do the math; some low interest loans with dealer-incentives may end up costing you less than no-interest loans without those incentives. Before you sign a contract to purchase or finance the car, consider the terms of the financing and evaluate whether it’s affordable. Before you drive off the lot, be sure to have a copy of the contract both you and the dealer have signed and be sure that all the blanks are filled.
Be sure to ask us about MBI or GAP insurance when you are looking at purchasing a new vehicle. Always consider the cost vs. value for you, but we believe CAHPCU offers excellent protection with our MBI and GAP products. To learn more, click here.
Loan Calculator [Vehicle, Real Estate, Certificate Secured and Savings Secured]
Documentation You Will Need:
When purchasing a vehicle from a dealer, from a private party or refinancing a vehicle, the Credit Union requires the following documents:
Private Party Purchase
• Copy of Current California Registration
• Current Lien Holder Name, Phone Number and Account Number (if applicable)
• Vehicle must pass California Emissions Test
Refinance
• Copy of Current California Registration
• Current Lien Holder Name, Phone Number and Account Number
Information can be faxed to either branch: North Office - Sacramento or South Office -San Dimas
Don't forget…
Guaranteed Asset Protection (GAP)
GAP protects you from the difference between what your insurance company says your vehicle is worth and what you actually owe. Protect your investment before you even drive off the lot with GAP.
Mechanical Breakdown Insurance (MBI)
MBI is designed to help protect you against mechanical failure of major mechanical components of your vehicle. MBI plans also include 24-hour roadside assistance, car rental coverage, and trip interruption.
Looking for a New Vehicle?
Research the model and options you want. Determine how much you have to spend. Do your research. People generally feel less pressured at the showroom and more likely to get a better deal when they have the facts lined up. Remember, the price is a factor in a dealer’s calculations whether you pay cash or finance your car, so negotiating on price can save you money and keep payments lower.
Sometimes new vehicle negotiation can have a language of its own. Some key items include:
- Invoice Price: The manufacturer’s charge to the dealer. This usually is higher than the dealer’s final cost because dealers receive rebates, allowances, discounts, and incentive awards.
- Base Price: The cost of the car with no options (standard equipment and factory warranty only)..
- Manufacturer's Suggested Retail Price (MSRP): This indicates base price, the suggested price for manufacturer’s installed options, the transportation charge, and the fuel economy number. This is part of the Monroney Sticker on the window, which is required by Federal law, and may only be removed by the purchaser.
- Dealer Sticker Price: A supplemental sticker that is the MSRP plus the suggested retail price of dealer-installed options, such as additional dealer markup (ADM) or additional dealer profit (ADP), dealer preparation, or undercoating.
Trading in an Old Car?
Make sure you know the value of your old car. Some great reference points for pricing and value are Kelly Blue Book, Edmonds, and you can even research public records on CarFax.
These sites provide you information to benchmark the value depending on whether you plan to sell or trade-in the vehicle. Bring up the possible trade-in AFTER you’ve negotiated the best price for the new vehicle.
CAHPCU also has relationships with an online dealer who can help you get the car you want without the dealership hassles. Feel free to check out Autoland and IFMA to see how credit union membership gives you access to great vehicle deals.
Fraud 411 Tip: Help Prevent Unfair Practices
The FTC works for the consumer to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. To file a complaint or get free information on consumer issues, visit www.ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters Internet, telemarketing, identity theft and other fraud-related complaints into Consumer Sentinel, a secure, online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.
California DMV
1 For 90-Day No Pay, interest begins accruing upon loan disbursal. Some restrictions apply. Optional.
2 All rates are expressed as Annual Percentage Rate (APR). Rates for Vehicle Loans reflect a discount of 0.50% APR. To qualify for the discount, you must have automatic loan payments from a C.A.H.P. Credit Union account, State payroll deduction, or PERS Payroll deduction. Financing may include tax, license, DMV charges, documentation fees and Mechanical Breakdown Insurance. Dealer provided MBI can be financed up to $1000 for RVs only. The Credit Union offers MBI contracts for new and used autos and trucks.
Rates effective 6/11/2010. Rates and terms subject to change without notice.