Auto Loan FAQ

Where can I go to pull values on vehicles?

Resources for calculating values on vehicles are available through Black Book^® and NADA Guides. 

How can I calculate my estimated monthly payment?

Use our vehicle payment calculator to calculate monthly payments based on the net purchase price of the vehicle, the loan term and the interest rate for the loan.

Do I need to carry full coverage insurance?

Yes, it’s our recommendation that you have full coverage insurance on a vehicle that currently has a loan.  If you need to provide us proof, please feel free to fax it directly to 405.213.1544.

How many months can I be approved for?

The term will depend on the vehicle that you end up purchasing, however, we have terms of 12 months through 84 months available.

If I need funds for a purpose other than actually purchasing a vehicle, can I use my free and clear vehicle as collateral?

Yes, a free and clear vehicle can be used as collateral to secure a loan at a much lower interest rate than an unsecured loan or a credit card.

How do I make my payments?

There are many different ways for you to make your payments, but OKCU does offer automatic payment options that will make it more convenient and save you time!

Is there a fee to refinance my vehicle loan?

No, but we will need to send $25 to a tag office to get a new title printed and the new lien entered. We usually include this in the loan amount.

How long does an auto refinance take?

Not long at all. Most of the time we can finish up the refinance the same day you apply. We just need an approved application, a couple of signatures, your payoff amount from your current lender, and your title.

Will you need my title to refinance my auto loan?

Yes. If you have an Oklahoma title and want to refinance your auto loan, we will need your actual title to enter a new lien.

What if I can't find my title?

No worries. All you need to do is contact your local tag office and apply for a lost title. It usually takes about a week to get another one.