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Competitive terms, ease of application and automatic payments are just a few of the elements that make up a great lending package. Giving you quality service and looking out for your best interests is where the rubber really meets the road. That’s why members rely on MECU for their vehicle loans.

Why get your vehicle loan at MECU? No or low down payment, great rates and convenient repayment options. At MECU the bottom line we worry about is yours, we treat you like you own the place... because you do.

Since 1981, MECU has paid its members a cash bonus at the end of the year. In 2007 MECU will pay it twice - in June and December.

Thinking about going for the dealer's 0% financing? You may want to think again.

More than 9 out of 10 new car buyers who took the 0% dealer financing got more than they bargained for...a higher rate! Why? Because 0% financing only goes to those with virtually perfect credit - everyone else gets moved up to a higher rate.

Take the cash rebate and the great MECU rate! The way to get your best all around deal on a new car is to take the dealer's cash rebate. You can put that toward your down payment and combine it with a great car loan rate from MECU. Use our Auto Calculator to see how much car you can afford, monthly payments, and more. Click here.

How to apply for a MECU Loan – It’s quick, it’s easy, it’s painless, it’s MECU.

Get your show on the road... In the time it takes to read all about how great MECU is (it really is you know) you can already have your loan decision... APPLY NOW!







MOTORCYCLE, RECREATIONAL VEHICLE (RV) AND BOAT LOANS

MECU can finance your purchase of a new or used Motorcycle, Recreational Vehicle (RV), or Boat at great rates. We can also refinance a loan you may have with another lender.

With an RV Loan you can also finance:

  • Truck campers and equipment
  • Travel trailers and equipment
  • Camping trailers and add-on equipment, vans with van conversion and add-on equipment (must have sleeping accommodations, full kitchen facilities and toilet facilities.)

And, Boat Loans may be used to finance:

  • Outboards
  • Inboards
  • Sailboats
  • Outdrives
  • Powerboats
  • Custom boats including outboard motors and
  • Trailers

HOW TO APPLY FOR A MECU LOAN

•Apply on the web or by phone – Click or call the MECU Lending Center 24-hours a day to be pre-approved or to apply and you’ll get a loan decision within 3 minutes.

•Apply in person or by mail.

PROCESSING YOUR LOAN

We'll let you know what documentation (such as purchase order, insurance information, etc.) will be needed to complete the loan – depending on whether you're purchasing a vehicle or refinancing your loan from another lender.

To borrow, you must be at least 18 years of age and a member of MECU in good standing. Loan limits are governed by State banking regulations and MECU bylaws and policies.

CAR BUYING RESOURCES

  • Motor Vehicle Certification Program buyers' service can help you find the car you want at the right price.
  • Car buying is now easier and more affordable because of United Buying Service (UBS). UBS is a benefit extended to you through MECU. Since 1967, UBS has pre-negotiated prices so you can receive the lowest price for a new or used vehicle, without the hassle of negotiating. www.ubs4cars.com.
  • You can check the inventory of Enterprise cars by clicking this link: www.enterprise.com/creditunion/
  • How used is that used car? We recommend Carfax to help you find out before you buy. www.carfax.com

  • Used Car Buyers - Beware of Flood-Damaged Cars. The National Automobile Dealers Association (NADA), urges all consumers to be alert to the possibility that individuals may try to sell or trade their flood damaged vehicles, even in unaffected areas. There is no sure way to detect which cars qualify but MECU has provided some tips for our members. Click here for information.

  • We make it easy for you. Apply for your MECU car loan right at the dealer when you visit any of our lending partners. Stop by any of our participating dealers to drive away in the car you want - today!

  • Indirect Membership Eligibility Form


-List of Auto Dealerships as of November 2008
-Scroll down for dealers and locations.




OPTIONAL CREDIT LIFE AND DISABILITY INSURANCE

Who will pay for your loan if you can't? You can protect yourself, your family and your co-makers by insuring your MECU loan.

Members may elect optional credit life and credit disability insurance coverage which offer protection from the day the loan originates or is refinanced. You will have the opportunity to elect insurance coverage when you apply for your MECU loan. MECU offers credit life and disability protection on consumer loans, credit cards, vehicles and home equity loans.

GAP Insurance – Making payments on a vehicle that’s totaled really adds insult to injury. You can protect yourself against financial loss in case your vehicle is totaled due to theft, collision, fire or any insured peril by electing GAP insurance when you purchase or refinance your vehicle at MECU.

With GAP protection, MECU is paid the difference between what you get from your primary insurance carrier’s settlement and the remaining balance you still owe MECU on your loan. You even get money toward the purchase of your replacement vehicle, provided it’s financed with MECU.