Auto Loans

Your first drive in a new car (or a “new” used one) can be an exhilarating experience. Danville City Employees Federal Credit Union is here to help you hit the road with confidence! We know that financing a vehicle is a big decision and so we offer competitive auto loan choices to fit your budget and make your ride enjoyable.

We are there for both professional and amateur drivers who are either buying their cars for the first time or looking for another one. With our member-centered approach, we guarantee personalized care as well as visibility on prices which makes your car loan experience hassle-free.

Benefits of Getting an Auto Loan from Danville City Employees Federal Credit Union

At Danville City Employees Federal Credit Union, we put our members’ needs first. That is why we have several advantages when you go with us to finance your motor vehicle.

  • Competitive Rates: On auto loans, it is paramount that interest rates remain transparent and competitive. You will enjoy great savings over time if this happens since more money will be deposited back into your account.
  • Flexible Loan Options: Everyone’s financial status differs thus we understand this very well. So, depending on your budget and driving requirements, we proffer various repayment choices as well as loan durations.
  • Pre-Approval Advantage: When you know what exactly is affordable to you in terms of vehicles it’s empowering. Our pre-approval process only takes minutes to complete and gives you the peace of mind needed while bargaining at the dealership.
  • Local Expertise, Personalized Service: At Danville City Employees Federal Credit union however they do not treat loans like banks do where customers are just numbers therefore when it comes to individuals who need some cash from bank’s credit card accounts or other facilities provided by the institution. Our personal approach may differ significantly since most clients prefer customized services given according to their respective interests instead of standardized ones that seem not to take them into account at all.
  • Building Your Financial Future: By obtaining credit through your credit union you develop a sound and stable credit rating. Timely remittances of loans help in improving your credit score which sets the stage for future financial success.

Loan Options

At Danville City Employees Federal Credit Union, we are well aware of the fact that one size will not fit all when it comes to car loans. This is why we have a range of loan options designed for your specific needs and financial circumstances:

New Car Loans

  • Competitive Rates: In order to save you money throughout the life of your new car loan, our new car loan rates are regularly monitored in order to keep them competitive.
  • Flexible Down Payment Options: Furthermore, in order for you to be able to afford your new car sooner rather than later, we provide flexible down payment options.
  • Extended Loan Terms: However, if you are someone who likes lower monthly payments, longer term loans are available for new cars (Don’t forget about the overall interest paid on longer-term auto loans).

Used Car Loans

  • Financing for All Makes and Models: Whether you want a reliable sedan or a gas-saving hybrid or even a roomy SUV, we extend financing towards diverse makes and models of used cars.
  • Year-Make-Mileage Flexibility: If you’re considering making a purchase through our bank and need assistance with deciding on what type of used car would be eligible depending upon its age and mileage (Some restrictions may appear). To know if your preferred vehicle is applicable check with the lender.
  • Refinancing Options: Are you planning to refinance your current used-car loan? We can help determine whether there may be ways of reducing your interest rate as well as saving money.

Motorcycle Loans

  • Competitive Rates for Two-Wheeled Freedom: We also offer competitive rates because we understand how thrilling riding a bike can be especially when it comes to assisting people finance their dream motorcycles.
  • Loan Options for New and Used Motorcycles: Regardless of whether one is experienced or a beginner rider like yourself; at least there are financing options available if an individual is planning to acquire either a brand-new or second-hand motorbike from this establishment.

RV & Boat Loans:

  • Financing for Your Outdoor Adventures: For instance, we provide assured loans for recreational vehicles of all kinds including boats. Think about exploring national parks or getting time on the water with your family.
  • Flexible Loan Terms: Furthermore, our bank also offers flexible loan terms that are designed to meet the particular requirements of RV and boat financing thus ensuring that you can manage your budget when making such big purchases.

Additional Considerations:

  • Gap Insurance: Gap insurance is one example; this type of coverage would help you financially if you ever totaled your vehicle.
  • Extended Warranties: In addition, there are guarantees available from some third parties that could be useful to anyone buying a new or used car.

How to Apply for a Loan at Danville City Employees Federal Credit Union

Getting pre-approved for your auto loan at Danville City Employees Federal Credit Union is a breeze! We offer several convenient ways to apply:

  • Online Application: Apply for your loan from the comfort of your couch through our secure online application system. It’s quick, easy, and accessible 24/7.
  • In-Branch Application: Visit one of our friendly and knowledgeable loan officers at any Danville City Employees Federal Credit Union branch. They’ll guide you through the process and answer any questions you may have.
  • Phone Application: Prefer the personal touch? Give us a call and speak directly with a loan officer who can assist you with your application over the phone.

What you’ll need to apply:

  • Proof of income: Paystubs, W-2s, or tax returns (depending on your employment situation)
  • Vehicle information: Year, make, model, VIN (if applicable)
  • Proof of residence: Utility bill, lease agreement, etc.
  • Driver’s license or state ID

Once you’ve submitted your application, our team will review your information promptly and contact you to discuss your loan options. Our goal is to get you pre-approved quickly and efficiently so you can confidently negotiate the best deal at the dealership.