Auto Buying Tips

What should I expect at the dealership?

• 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.

What should I expect from my rate and payments?

• Your interest rate could increase if:
  • The vehicle is over 7 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. 

Keep your vehicle running extra miles and years