Auto Loans & Motorcycles
We are more than just a pretty rate!
Why have your auto loan at eastern indiana federal credit union?
FEWER FEES: No application fee, processing fees, or annual fees
No penalty for early payoff
Easy in branch or online application process
Easy payment options including online payments
Up to 120% financing available
Flexible terms up to 84 months
Loan protection available (life & disability) available to most borrowers
GAP protection available at an affordable price to protect your investment
Skip A Payment available
Local decision, local servicing, from people you know and trust
Support our social purpose of “People helping people”
See our Loan Rates
whatever the road ahead holds for you, we’re here to help!
Pre-Approval
Whether you’ve already identified your dream car or you’re simply interested in know what you can afford, getting pre-approved helps you shop with confidence. With a pre-approval, you’ll walk into the dealership knowing your rate and maximum loan amount.
Call or email with questions, or Apply Now with our online loan application!
get in the driver’s seat before you buy!
five things to do before visiting a dealership
To help make your next car-buying experience as smooth as possible, here is a list of things to do before you step foot on a dealer’s lot:
Set a budget - Establishing the amount you want to spend shows the car salesperson that you have thought through the process. Doing so will provide you with more control to get the deal you deserve. It is also important to understand how much you can afford in monthly payments and how much you will have to pay in interest over the course of the loan. Don’t forget to consider operating costs, including insurance.
Do you research - Thanks to the internet, there’s no need to enter a car dealership uninformed. Don’t know where to start? We have calculators to help you get started.
Apply for financing - Securing Credit Union financing before visiting a car dealership is usually the smartest bet and will put you at a tremendous advantage. You can apply for a car loan and get pre-approved with Us beforehand, so that you can shop at the dealership as a cash buyer and/or be able to negotiate better.
Take your time - We get it. A new car is exciting. But it’s also a big decision. You should never feel pressured into making an impulsive decision about buying a car. The car that you buy will effectively be a “life partner” for the duration of your ownership period. Getting the car-owner match right (or wrong) can affect your daily life from the moment you buy it until the day you sell it. So, take all the time you need. Test drive different vehicles, complete as much research as needed, and compare all the pros and cons.
Plan your visit - Before visiting the dealership, create a specific plan. Planning in advance can help withstand the high-pressure tactics that some dealerships employ. Choosing the right dealership, getting a loan pre-approved with Us, having your research done, and more, will help you save the time and the stress that can come with buying a new car.
Already financed a car elsewhere? Refinance with us and save!
Looking for a better rate and some extra savings? Get on the road to refinancing. With our low rates, chances are good that we can lower your interest rate, your monthly payment, or both. There are no application fees or transfer fees, so why not take advantage of our great rates? Apply today and see how much you could save!
GET STARTED WITH LOWER PAYMENTS TODAY!
Loan Protection
Life is full of unexpected surprises! You never know what is going to happen next, which is why we want to make sure you are protected. Play it safe and ask about our loan protections. We offer coverage for all the twists and turns in life.
GAP+ Insurance - If your vehicle is declared as a total loss, you are still liable to pay the difference, the gap between your insurer’s settlement and your loan balance.
Credit Disability - Preserve your standard of living if a covered disability occurs due to illness or injury (and you’re a protected borrower or co-borrower on the loan).
Credit Life - Protect your family from inheriting your debt
We offer GAP, credit life, and credit disability payment protection. Learn more.
Skip A Payment
Take a vacation from your loan payment. Learn more here.
Financing at the Dealership
We know that you want to get a great deal, fast! We have partnered with several area dealerships to provide EIFCU members with “on-the-spot financing”. Let the dealer know that you want to finance with Us and you can get the same great loan rates and terms, right at the dealership!
Not a member? No worries! Your account can be opened from the dealership when your financing is completed without visiting the Credit Union.
Participating Dealers:
Russ Hubler Chrysler, Dodge, Jeep, & Ram - New Castle