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Auto Buying Tips

Once you're pre-approved for an auto loan, there are a few things you need to know when purchasing a new vehicle. 

Get Pre-Approved
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Once you're pre-approved for an auto loan, there are a few things you need to know when purchasing a new vehicle.  Get Pre-Approved

What to expect at the dealership

We may not be able to go with you to the dealership, but we can give you the information you need to make your auto buying experience that much easier. If you have any other questions, just give us a call. We're happy to help!

What do I do with my OKCU pre-approval?

Watch this 1 minute video to see how easy it is to use your OKCU pre-approval at the dealership.
  • Once you're pre-approved, you'll get a pre-qualification letter by email
  • Have your pre-approval email ready with you when you visit the dealership
  • Tell the dealers you're pre-approved with Oklahoma's Credit Union, not just OKCU as this could be confused with other financial institutions
Get pre-approved for an auto loan

What should I expect at the dealership?

So you've found your dream car, now what? Take a look at these tips to get your ready to make your auto buying decision. 
  • All borrowers and co-signers must go to the dealership to sign
  • You should expect to complete and have all parties sign a written credit application at the dealership
  • The primary borrower should be listed first on all paperwork
Call and visit with an Auto Loan Expert

What should I expect from my rate and payments?

  • Your interest rate could increase if:
    • The vehicle is over 5 years old
    • The vehicle has over 100,000 miles
    • The vehicle has a value less than the loan amount
    • Your vehicle is classified as a heavy-duty vehicle
    • Your auto loan term is over 75 months
  • Your interest rate could also increase if you decide not to set up automatic payments.
  • Dealers can only set up monthly payments, but OKCU can offer biweekly payments. Just let your loan officer know what your preference is.
  • Dealers typically schedule the first payment 45 days out from signing, but you can ask to schedule it up to 90 days out from signing. 
Check today's rates

Keep your vehicle running extra miles and years

Just like the dealership, OKCU offers Guaranteed Asset Protection and Vehicle Service Contracts. The right coverage plan could save you thousands of dollars. Watch this 41 second video to learn more about GAP.
  • Review the cost and coverage offered by OKCU before accepting the dealership's offer
  • If you buy from the dealership, the price will vary but we offer a flat fee
  • Compare both offers before you make a decision
Learn more about GAP
Interested in Establishing Your Credit?

Interested in Establishing Your Credit?

A safe and easy way to build your credit is with an Experience Oklahoma Rewards Credit Card. It’s as simple as making your credit card payments on time every month. Want to set up automatic payments so you never have to worry about if you’re on time or not? Just say the word.

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Happy To Help Stories

Why do our members love being part of OKCU? Find out below.

  • Kyle B.

    OECU worked with me and got me pre-approved to help me buy a car. It was the easiest car buying experience ever!

    – Kyle B.

  • Jennifer B.

    OECU has helped me consolidate a few cards with our vehicles so we could pay off a few credit cards, a tremendous help!

    – Jennifer B.

  • Melissa J.

    You have given me the lowest rates on two car loans. Now, I can use that money to do things with my kids!

    – Melissa J.

  • Diana L.

    OECU approved me for a better car loan than my previous bank and at a great rate, too. I can actually feel comfortable paying for something I like and wanted!

    – Diana L.

  • Kathy S.

    OECU helped me by refinancing my truck so that I could get cheaper payments and a lower interest rate.

    – Kathy S.

  • Mary G.

    OECU gave me a chance to improve my credit score all while giving me a great low, low interest rate on my car.

    – Mary G.