Avoid costly mistakes and get on the road today!
What You Need:
- Be a Latino Community Credit Union member
- Proof of income. Exceptions may apply*
- Your last 6 months of personal account statements or the last year’s tax returns, if you are self-employed.
- Established credit history or utility bills in your name from your place of residence**
- Bill of sale
- May require in-person appraisal
What You Get:
- Assistance checking your car history through Carfax
- Financing up to 95% of the value of a new or used car. (Up to an additional 5% for new vehicles to include extended warranties, packages and GAP).
- Ensure you get a fair price on your car using the NADA guide
- Competitive interest rate
- Option to purchase guaranteed asset protection (GAP) coverage at lower rates***
- Option to protect your loan through life and disability
- Access your account online and do much more with our online services. Click here for details
New Vehicle 1
All rates are based on a term of 84 months
| Loan to Value | APR | Maximum Amount | Avg. Loan Amount | Avg. Payment |
|---|---|---|---|---|
| 95% | 7.00%* | $80,000 | $25,000 | $379 |
| 85% | 9.00% | $40,000 | $20,000 | $323 |
| 70% | 8.50% | $80,000 | $25,000 | $397 |
The Fine Print
The important details
- *A minimum down payment of 30% will be considered as an alternative
- **The amount of credit history or alternative credit required depends on the loan amount and down payment
- ***This covers the difference between what you owe on your car loan and the value of your car, in case it suffers a total loss, theft or fire
- Maximum loan amount of $80,000 for individual or joint
- Maximum term: up to 84 months
- If approved vehicle must be registered with NCDMV with a valid driver’s license
- If approved you will be asked to provide personal references
- If approved you will be asked to obtain full coverage auto insurance. If valid proof of insurance is not on file, an additional insurance charge will be added to your monthly loan payment until acceptable insurance documentation is provided. Learn More Here