Community Choice Credit Union has a vehicle loan package that can't be beat! Loans are available for new and used cars and trucks, recreational vehicles, boats, motor homes, motorcycles, and mobile homes.
Get a pre-approved loan and know exactly how much you can spend. It's almost as good as paying cash, and you'll have increased bargaining power at the dealership.
GAP Coverage
If all goes well, the car or truck you buy will be around for years. Unfortunately, things don't always go well. If a vehicle is stolen, accidentally damaged beyond repair, or otherwise declared an insured total loss, auto insurance will cover the replacement value. However, you remain liable for payment of the difference between the insurance settlement and their loan balance. This deficiency can easily amount to thousands of dollars.
MEMBER'S CHOICE Gap Coverage is an affordable way to fill the gap. For just a few dollars per month, you can protect yourself against this kind of unexpected expense.
Features of GAP include:
- Coverage for the term of a loan, up to 84 months.
- Coverage for vehicles valued up to $100,000 at time of purchase.
- Payment of benefits up to $50,000.
- Coverage deductibles up to $1,000.
- Benefits for new or used vehicles, including cars, light trucks, motorcycles and some other motorized vehicles.
- Gap Plus protection includes $1,000 down payment credit toward a replacement vehicle.
- Fully refundable in the first 60 days.
For details, contact a loan officer at any credit union location.
Mechanical Repair (Auto Warranty)
In many cases, new vehicles are purchased for the peace of mind that a manufacturer's warranty provides. However, most new car warranties expire at 36 months or 36,000 miles, long before repair bills begin taking owners for a ride.
If you can't justify new car prices you may purchase a used vehicle that may or may not carry a warranty. One major repair, not under warranty, can turn a used car bargain into a bad investment.
At CCCU, we provide a solution to the many members who want vehicle repair cost protection. And the best solution is MEMBER'S CHOICE AutoCare Mechanical Repair coverage offered through CUNA Mutual Group (insured by Virginia Surety Company).
Features of Mechanical Repair (Auto Warranty, was MBI) include:
- Flexible plans offering four levels of coverage.
- Choice of deductibles.
- Transferable to new owners.
- Cancelable at any time on a pro-rata basis.
- Hassle-free claim payments directly to repair facility.
- Good at any licensed repair facility in U.S. or Canada.
- 24-hour roadside assistance.
- Emergency travel expense.
- Rental reimbursement.
- Comprehensive loan officer training provided.
- Extensive marketing support to promote the program.
For details, contact a Loan officer at any credit union location.
