Vehicle Loans
Benefits of our auto loans:
- Up to 115% financing, including taxes, title, tags and extended warranties
- Loan rates not determined by your credit score
- Terms and rates to fit almost any budget
- Summer skip payment option* during July and August
- Pocket your payment option during the winter months
- Loan pre-approval with an Autodraft
- Payroll deduction
- Low cost credit life, disability and GAP insurance
- Friendly, competent employees you can trust
*The summer skip payment option must be elected at the onset of the loan. Ask for more details.
Current vehicle loan rates
| Auto/Motorcycle Loans | Term | APR* | |
| 2021 & newer ** | 0-36 mo* | 4.99% | |
| 37-60 mo* | 4.99% | ||
| 61-72 mo | 6.24% | ||
| 73-84 mo | 6.49% | ||
| min. amount of $30,000 for 85-96mo term | 85-96 mo | 6.99% | |
| 2013-2018 ** | 0-36 mo | 6.49% | |
| 37-60 mo | 6.74% | ||
| 61-72 mo | 6.99% | ||
| 73-84 mo | 7.49% | ||
| 2012-older** loans less than $10,000 max. 36 mo | 0-36 mo | 7.49% | |
| 37-60 mo | 7.74% | ||
| 61-72 mo** | 8.24% | ||
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** Finance up to 115% of NADA book value including sales tax. Collision & Comprehensive Insurance required. |
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Vehicle Loan FAQs
Are you looking for the fastest and easiest way to purchase a vehicle in a short amount of time? If so, ServU Credit Union’s Autodraft is just what you are looking for.
When approved for an Autodraft you’ll receive a blank check that states the maximum amount the check can be written for. You have up to 90 days to shop for a new or used vehicle and make your purchase at your convenience. When you find the right vehicle, just sign the check and drive away!
A ServU Autodraft allows you to:
- Apply in person, by phone, or online
- Get pre-approved for a loan amount/payment that fits your budget;
- Negotiate your purchase as a cash customer;
- Pay no interest until you actually make your purchase;
- Take advantage of the credit union’s low rates and extended terms;
- Enjoy convenience and dependability with our automatic payment plan
For more information about our Autodrafts, just speak with any ServU Credit Union representative or call us at 607-936-2293.
Refinancing your vehicle with a ServU Credit Union auto loan may be the answer!
What’s involved?
When refinancing a loan you are essentially borrowing to repay an earlier debt with terms that reduce your monthly payment or give you more time to pay. A lower interest rate could save you hundreds of dollars over the life of the loan while an extended loan term may make your monthly payments more affordable.
How to get started:
Contact your current lender and request a loan pay-off amount. You will also want to gather your insurance information and a copy of the vehicle title. Bring this information to a ServU Credit Union loan specialist to start your application. You may also be able to take advantage of our low cost life, disability or GAP insurances to protect your family and your investment.
