VEHICLE and Recreational Vehicle LOANS
Love Your Car and Your Payments
With our competitive rates, we could save you money every month, whether you are buying something new or refinancing the ride you currently own. We’ll even help you do your research to find the best deal with AutoSmart. Once you find the perfect vehicle, you could save on car insurance with TruStage.
Vehicle Loans that Fit Your Budget
We provide financing for almost any vehicle from cars and trucks, tractors, motorcycles or RVs, to ATVs, boats and other watercraft
- Fast Pre-Approval – sign everything electronically
- Flexible Terms up to 96-month
- Roll the tax, tags, title, & loan payment protection costs into the loan
- Annual Skip-A-Pay Option2
- Low Cost insurance options and extended warranties
Drive Off with a Lower Payment
We make refinancing easy. Refinance your auto loan from another financial institution and
- Make no payments for 45 days.*
Get Behind the Wheel of Your First New Car
First-time car-buying members can purchase a new or used auto loan through Labor CU.
- Loan amounts up to $20,000
- Flexible terms up to 72 months
- Skip-A-Pay available up to twice a year3
- Easy online and mobile payments
We make qualifying easy. You just need to be 18 years or older and have a minimum of one year with your current employer. We understand you may have limited credit, as long as you don’t have a previous auto loan or significant derogatory credit, we will do our best to work with you.
- Payment to income cannot exceed 15%
- Maximum LTV 90%
All accounts of obligor must be in good standing to receive incentive. Annual Percentage Rate (APR) ranges between 5.50% – 11.75% based on credit. Your rate and payment may vary. Approvals based on credit performance, employment history and vehicle condition. Eligible model years 2016-2023, maximum LTV restrictions may apply based on MSRP of new vehicles and the NADA retail value of used vehicles. Collateral insurance required for life of loan. Other restrictions may apply. Labor CU reserves the right to end this program at any time and terms are subject to change without notice. Contact us for details. Equal Opportunity Lender.
YOUR SMART CHOICE FOR STRESS-FREE CAR BUYING
As a Labor CU member, you have access to AutoSMART, an online auto shopping destination, that provides you with the tools and resources needed to make an informed car buying decision. Put an end to overwhelming car-shopping research and exhausting trips to dealerships. Once you get pre-qualified with Labor CU, you can take charge when negotiating your next vehicle purchase with AutoSMART:
Build and search from millions of new and used vehicles
Calculate payment options with advanced loan calculators
With AutoSmart, you can also access:
- Vehicle histories
- Appraisal prices
- Online reviews
- CARFAX® Vehicle History Reports™
- Kelley Blue Book®
- NADA Appraisal Guides
- Search and shop stress-free for your next vehicle.
ACCIDENTS HAPPEN, WE’RE HERE TO HELP
As a valued member of Labor CU, we are pleased to offer you our Private Passenger Accident Plan. If you are hospitalized after an accident in a private passenger automobile, this benefit will provide $240 each day you are in the hospital.*
The best part? There’s no cost to you!
Activate My Plan*The first day of a hospital stay must occur within 90 days of the accident, causing injury. It will continue until the covered person is no longer in-hospital, the maximum number of days has elapsed or the covered person dies. There is a 30 day max period of confinement. Coverage expires one year from effective date. Policyholder may renew coverage annually up to age 70. This information is a brief description of the important features of this insurance plan. It is not an insurance contract. Insurance benefits are underwritten by Federal Insurance Company. Coverage may not be available in all states or certain terms may be different where required by state law. Chubb NA is the U.S.-based operating division of the Chubb Group of Companies, headed by Chubb Ltd. (NYSE:CB) Insurance Products and services are provided by Chubb Insurance underwriting companies and not by the parent company itself.
Test Drive Possible Auto Insurance Savings
You work hard for your money and even harder to keep your budget on track. So why spend too much on car insurance—maybe hundreds of dollars too much?
Labor Credit Union members may qualify for discounts on car insurance through the TruStage® Auto Insurance Program. You could save big, and it can be easy to switch carriers—without losing any money.
Backed by more than 80 years of credit union member experience, TruStage helps protect what matters most and offers a powerful mix of savings and popular, member-friendly benefits:
- Credit union member discounts
- Nationally recognized companies
- Friendly, 24/7 service—even on holidays
- Discounts for multiple vehicles, safety features, good driving and more
- Mobile app for easy claims
Don’t wait to see how much you could save.
Get a Quote
TruStage® Auto Insurance program is offered by TruStage Insurance Agency, LLC and issued by leading insurance companies. Discounts are not available in all states and discounts vary by state. The insurance offered is not a deposit and is not federally insured. This coverage is not sold or guaranteed by your credit union.
Guaranteed Asset Protection
Newly purchased vehicles depreciate the second they’re driven off the dealer’s lot. When a vehicle is totaled in an accident or stolen and not recovered, you could owe more than the vehicle is worth. GAP is designed to reduce or eliminate the difference between the insurance settlement and the loan balance.
Contact Our Lending Team to Learn More
Prepare for the Unexpected
Did you know that the average car repair costs more than $1,200?* With Mechanical Repair Coverage, you can help protect yourself from unexpected vehicle repair costs. If you’re planning to hold onto your vehicle longer, adding this coverage could be more important today than ever before.
Contact Our Lending Team to Learn More
*CUNA Mutual Group data, average credit union member mechanical repair claim costs, 2019
Payment PROTECTION
Are your loans protected in the event of an unexpected life event, such as disability or death? Adding our affordable Debt Protection coverage to your eligible loans can help reduce or cover your loan payment should the unexpected happen.
Contact Our Lending Team to Learn More
¹ ELTV requirements apply to qualify for deferral. Interest accumulates during any deferment. All accounts of obligor must be in good standing to receive incentive. Annual Percentage Rate (APR) ranges based on credit. For borrowers with excellent credit a 60-month vehicle loan of $20,000 at 5.25% APR would have 60 monthly payments of $380. Your rate and payment may vary. Approvals based on credit and vehicle condition. Refi’s mirror term and cosigners of current loan. Eligible model years 2015-2023, maximum LTV restrictions may apply based on MSRP of new vehicles and the NADA retail value of used vehicles. Collateral insurance required for life of loan. Labor CU auto loans ineligible for offer. Other restrictions may apply. Labor CU reserves the right to end this program at any time and terms are subject to change without notice. Contact us for details. Equal Opportunity Lender.
² Skip-A-Pay (SAP) is an optional consumer loan program to defer one monthly payment for a fee, currently $30 for online skipped payment or $30 for employee assisted skipped payment. Loans must be open for at least 1 year and be current to be eligible for SAP. Other SAP qualifications apply. Interest accrues during and after payment deferral at loan contract rate. Deferring payment(s) results in higher finance charges and extension of loan term. Payments must be resumed the month following a skipped payment. LCU has the right to limit the number of skips per loan. SAP program terms and conditions subject to change at any time.
*Not all members will qualify for 45-Day payment deferment. Interest will continue to accrue for the entire payment deferment period. Deferred payments may not exceed 45 days. Contact us for details. Equal Opportunity Lender.