Why Finance a Car at a Credit Union?

Woman Looking Outside Car Window Smiling


When shopping for a new set of wheels, your first stop should be right here, at Carolinas Telco Federal Credit Union (CTFCU). Financing with your credit union can give you a lower rate, a more straightforward loan application, and other benefits.


What is it like financing at a Credit Union?

Getting an auto loan with your credit union is an easy and efficient experience. Why? Because we exist to serve your best interest and therefore are on your team.


When you walk into Carolinas Telco FCU to take out an auto loan, you’ll be dealing with people who know you and what your financial reality is. We will consult with you to determine the best loan terms and repayment to fit your budget. Buying a new car can be daunting enough and it’s good to know that you will have people that you already know and trust to help you through the process.


The process of applying for a CTFCU auto loan is simple, quick, and accessible. You can even apply for a loan online or over the phone. Also, as a member of Carolinas Telco FCU, you already have a head start on the application process. Every loan application is based on credit and income factors, and individual qualification may vary.


One of the most significant advantages you’ll have when financing an auto loan through your credit union, is a lower APR. Because you’re working directly with the lender, you’ll only hear the direct rate we offer instead of a third-party option presented by a car dealership.

Also, as member-owned and operated institutions, credit unions can provide loan rates that are lower than those offered by large lenders and banks. In fact, according to Bankrate, the average APR on a credit union auto loan at the beginning of 2019 was an entire point lower than the rates offered by banks1.


Additionally, when you begin your car buying process with us, you can use the benefit of our Auto Buying Service  which makes it easy to purchase a vehicle in one stop. Our direct relationship with dealers means that we can save you money and make it a stress-free, no haggle process. People you already know and trust are working on your behalf to get the best deal for you!


If you’re in the market for an auto loan, make your credit union your first stop. You’ll enjoy a potentially lower rate and the friendly, professional service you’ve come to expect at Carolinas Telco FCU.

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