Equitable Federal Credit Union
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Vehicle Loans

Equitable Federal Credit Union wants to get you behind the wheel of a new or pre-owned vehicle today. Contact us today to get pre-approved. Once you are pre-approved, take the letter of credit to the dealer and shop for your new ride worry free! We’ve got some of the best vehicle rates in town.


new, used & refinance

New and Used Auto Loans:

In the market for a new or used vehicle? We've got you covered. To ensure you get the best rate possible, our used car rates start as low as our new car rates. With our new and used auto loans you get up to 125% financing of MSRP with terms up to 84 months.  There are no prepayment penalties, which will allow you to reduce your interest by paying early.  Same day approval in most cases.  

Refinanced Auto Loans:

Do you currently have your vehicle financed through another bank or credit union? When you refinance your auto loan with Equitable Federal Credit Union you could save on your monthly payment as well as the total interest you pay by the end of the loan. With financing up to 125% of MSRP at your current loan term, you won't pay more for your vehicle, you'll pay less.


Loan Product APR (As low as)1 Maximum Term
New Auto 2018-Newer3 2.99% 84 months
Used Auto (2017-2008)2 4.59% 72 months
1APR = Annual Percentage Rate. Equitable has a tiered loan rate policy which applies different loan rates to borrowers based upon the borrower's credit history. Rates subject to change at any time.
2A used vehicle is defined as model years covering the current posted year and the past 7 calendar years.
3A new vehicle is defined as 500 miles or less or a never titled vehicle.


Credit Life & Disability Insurance

Life can be unpredictable. That's why EQFCU offers low-cost, quality protection for borrowers. When you apply for a loan, you have the option to protect and insure your loan payments. There are two types of payment protections: Credit Disability (single or joint) and Credit Life (single or joint). You may choose both life and disability, only one, or neither.

If you choose not to purchase the payment protection, the borrower(s) are responsible for paying the loan even in the event of disability. Or your estate may be responsible in the event of your death.

The Credit Union National Association (CUNA) Accidental Death and Dismemberment and Life Insurance offer products that protect your family's financial security against accidental death and dismemberment. Click here to learn more about CUNA Mutual.

Credit Disability
When you purchase credit disability payment protection for a loan, if you are unable to work due to a CUNA approved disability, the loan payments are made by CUNA during the period of disability.

Credit Life
When you purchase credit life payment protection for a loan, if you should die during the term of the loan the loan balance on the date of death is paid by CUNA.

Payment Protection is available for a trial period of 30 days. If you decide that it's not for you, you can opt-out with no questions asked during this period at no cost to you!

Guaranteed Auto Protection (GAP) PLUS Insurance

The last thing you want to think about right now is a total loss on your new vehicle... But you should. The moment you drive your vehicle off of the lot, it depreciates 20% on average. And you can count on roughly a 15% decline in value each year for the next four years. If your vehicle is stolen or damaged and deemed a total loss, you are responsible to pay the difference between what you owe and what your insurance company says your vehicle is worth. GAP can help cover the difference and potentially save you thousands of dollars.

Here's an example:

Your loan payoff: $20,000

Vehicle value determined by your
primary insurance:

Primary insurance deductible: -$500

Your responsibility without GAP PLUS: $4,500
GAP PLUS will cover: $4,500
You owe after GAP PLUS*: $0

Plus, receive $1,000 reduction toward your next auto loan with Equitable Federal Credit Union.*

*Subject to certain exclusions and benefit limitations

Auto Deductible Reimbursement (ADR)

Included with your purchase of GAP insurance!

Equitable FCU now offers members an ADR insurance that could cover out-of-pocket insurance deductibles when you have an accident or mishap with your vehicle.

  • Pays up to $500 per loss (limit of two losses per year) when a claim is filed and paid with their primary insurance carrier
  • Reimbursement will be equal to the covered auto deductible on the auto policy, up to $500 per loss.

A covered auto is any auto owned and insured by the member so they might have multiple eligible autos covered by one ADR*.  Coverage is effective upon the date of enrollment and will continue for two (2) years.

How much does GAP Insurance cost?

The regular GAP insurance premium is $450.00. This cost can be financed into a member's loan at time of approval.

Route 66 Extended Warranty

Car repairs can be expensive and we want you to keep more of your hard-earned money. That's why we've partnered with Route 66 to offer you an extended warranty for your vehicle.

More Than Just a Warranty

From roadside assistance, to a tow truck, or rental car, Route 66 is committed to providing you convenience so you can be worry-free while you are traveling.  The Route 66 Extended Auto Warranty will not only help you prepare for the unexpected, it also will help take care of the extra services you may need.

It's more than just a warranty; it offers these great benefits too:

  • Zero Deductible
  • 24/7/365 Roadside Assistance
  • Rental Car Services
  • 30-Day Money Back Guarantee
  • Nationwide Coverage
Route 66 Extended Warranty

What if You Already Have a Warranty?

That's no problem. The Route 66 Extended Auto Warranty can supplement the coverage you currently have.

1 National Automobile Dealers Association (NADA) MSRP value to determine new car value and retail value to determine used car value.
Loan approval, term and rate are based on a verification of income and an evaluation of your creditworthiness and collateral.
3 Interest accrues immediately. All Credit Union programs, rates, terms, and conditions are subject to change at any time without notice.


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