Skip to content
Five Reasons Credit Unions Offer the Best Auto Loans

Five Reasons Credit Unions Offer the Best Auto Loans

The purchase of a car is likely the second-largest expenditure you have, second only to the purchase of a home. Whether you desire the shiny, brand new one, or you’re content with finding a reliable used one, we want to help you get the most for your money.

Here are five reasons it makes more sense to get your loan through us. 

1. With us, you have a better chance of getting your loan approved. Even though the loan application process is the same and the underwriting process is similar, AMOCO may make some adjustments that a commercial bank would not. Many credit unions are also more inclined to listen to its members’ needs and unique situations, sometimes adjusting terms of a loan accordingly.

 

2. We have lower rates. A five-year term is the most common loan term for a new or used car, and rates at AMOCO are typically much lower than the average rate at a competitor bank. The savings in interest alone is a major reason to consider this financing. Just think of what you can do with that money.

 

3. We provide personalized service. Because AMOCO is non-profit, we work to provide members with high-quality service, and a group of volunteer board members makes operations decisions, rather than a corporate office. You can openly discuss your concerns about your loan, talk about flexible repayment options, and review your financial situation with a professional lending officer. You can alleviate some of the pressure of applying and securing financing for your vehicle, and be more confident that AMOCO is working with your best interests in mind.

 

4. We offer educational resources. At AMOCO, we will provide information such as financing options and how to make the best decisions when assessing the value of your car purchase. If you’re a first-time car buyer and apprehensive about the loan process, you can turn to AMOCO for unbiased answers.

 

5. We offer a non-sales approach. Commercial banks often give their lenders bonuses or some type of compensation for the loans they get approved. Unlike commercial banks, AMOCO is a not-for-profit financial institution that works for its members and does not try to sell you something you don’t need.

 

AMOCO’s profits go back to members in the form of lower rates on financial products and more flexible loan options. If you don’t like the pressure of working with lenders from a commercial bank, AMOCO is the answer. Apply online today. 

 

© Copyright Express.Cuna.org, CUNA. All Rights Reserved

Recommended Posts

External Link Disclosure

By accessing this link, you will be leaving AMOCO FCU's website and entering a website hosted by another party.

Although AMOCO has approved this as a reliable partner site, please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of the credit union's website. The other party is solely responsible for the content of its website.

We encourage you to read and evaluate the privacy and security policies on the site you are entering, which may be different than those of the credit union.

You will be redirected to

Click the link above to continue or CANCEL

Login to your account

For a better website experience, we recommend viewing our website on Microsoft Edge, Chrome or Firefox. Thank you!

We recommend downloading one of these browsers for a fast, secure, and modern web experience.

Login to your account