It Pays to Have an Auto Loan With Us - We pay you up to $400!
Finance your new vehicle with us or refinance your qualifying* auto loan from another financial institution, and we'll pay you 1%, up to $400! PLUS give you a GREAT rate. It really is that simple! Apply through our mobile app, online, in branch or call a loan officer today! 812-424-2621 option 3.
*Minimum loan amount of $7,500. Excludes existing EFCU loans. Subject to credit approval. Cash back incentive will be deposited into your EFCU savings account once the third scheduled payment has been made.
Now that you have your vehicle...is your asset protected? Did you know that in the event of a total loss, you could be liable for paying off the remaining loan balance on a vehicle that is no longer drivable? Bridge the gap between the difference in what you owe on your vehicle and how much the insurance company decides it is worth.
Protect your new vehicle with the right mix of insurance products. They're very affordable and may save you a lot of money (and headache) down the road.
- Extended Warranty - Don't get caught making expensive repairs on your new and pre-owned vehicles! Many breakdowns occur after the manufacturers warranty expires, so protect yourself from expensive repairs. Call us today for information on this money-saving program.
- Debt Protection - Unexpected events could leave you scrambling to pay your monthly payments. Debt Protection can help relieve financial pressure in the event of death, disability, or involuntary unemployment. Talk to a loan officer today to add Debt Protection to your loan.
- Guaranteed Asset Protection Insurance (GAP) - Guaranteed Asset Protection covers the difference between the loan or lease balance and up to 125% of the market value of your vehicle, including up to $500 of your insurance deductible, if your vehicle is stolen or totaled. Protect your auto investment by calling a loan officer to sign up for GAP insurance today. Did you know: When you purchase GAP Insurance that Auto Deductible Reimbursement is included at no additional cost?
- Auto Deductible Reimbursement - Is a protection product that covers the collision deductible on your car insurance policy.
- Depreciation Protection - In the event of a total loss, Depreciation Protection can secure the equity you have already built into your loan...plus each monthly payment made on the loan may also be protected!
Take a break from paying your Auto Loan with Evansville Federal Credit Union's Skip-a-Pay Program!
We've all been there... unexpected expenses, school expenses, medical bills, upcoming vacations, shopping for the holidays... it's so nice to be able to relax and enjoy some extra cash in your pocket. With EFCU's Skip-a-Pay, you can postpone your auto loan payment, up to twice a year... and the best part... it won't hurt your credit!
How it works: Skip-A-Pay Promotion occurs two times per year- in June/July & November/December. Must be approved and eligible. Eligible members will receive a skip-a-pay form in the mail. If you do not receive a form in the mail but think you are eligible, please call 812-424-2621.
Cost: $35 processing fee is required for each eligible skip request. (ex: if you are eligible to skip two loans, you will need to provide a total of $70 to process).
To Qualify: Must have made 3 full monthly payments in a row. Must be due for the month you want to skip.
Exclusions and Details: This promotion is not valid on Mortgage loans, Share/CD secured loans or VISA/HELOC. Signatures of all parties on the loan must be obtained to be eligible. Processing may take up to 2 weeks- if the skip form is turned in too close to the due date on an auto loan that is set up for automatic payment or an ACH'd payment, there is no guarantee the skip will be processed in time. There is a lifetime limit of 4 skips per eligible loan.
TruStage™ Auto & Home Insurance Program
Made available to credit union members like you, the TruStage™ Auto & Home Insurance Program provides top-quality protection designed to fit your budget. You could enjoy discounted rates combined with online convenience and 24/7 claims service.
Get your free quote online at https://www.trustage.com/ or call 1-855-589-2146.
Auto and Home Insurance Products are issued by leading insurance companies. The insurance offered is not a deposit, and is not federally insured by the NCUA, sold, or guaranteed by any financial institution. Product and features may vary and not be available in all states. ©TruStage
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Zero percent financing offers might sound great, but are they? Not always. If there’s a manufacturer’s rebate, don’t give it up in lieu of zero percent financing. It may cost you more in the long run. Compare the cost of a $20,000 vehicle with a loan term of 36 months:
| EFCU | Manufacturer | |
| Interest Rate | 4.25% | 0% |
| Manufacturer's Rebate | $3,000 | none |
| Amount to Finance | $17,000 | $20,000 |
| Total Interest Paid in 3 years | $1,138 | $0 |
| Total Payments | $18,138 | $20,000 |
| Financing with EFCU saves you... | $1,862 |
And, even if you don’t give up the rebate, it can still cost you. Experts warn that when consumers get good financing - and many believe 0% is the best deal available - they don't negotiate on price. As a result, car payments can be much higher than the budget can bear.
Don't let manufacturer incentives lure you into a trap that leaves you cash-strapped. Call us at 812.424.2621, option 3 to help you sort out your options and figure out the best financing for your car - and your cash flow.
