County Educators Federal Credit Union

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Vehicle Loans FAQs

Q.   I have been approved for a vehicle loan, what will I need to bring to the loan closing?
A. You will need to bring the insurance binder (listing CEFCU as loss payee), purchase agreement and a recent pay stub.

Q. I am not putting money down on the new vehicle I am purchasing but I am trading in a vehicle. Do you accept the trade-in as a form of down payment and would I be eligible for a discounted rate?
A. Yes, depending on the percentage that is put down on the vehicle, CEFCU offers discounts up to 1% off the current rate. Check our current Rate information or Apply Online to Pre-approve prior to your purchase. Helpful Hint: Make sure that the dealer has indicated the trade-in amount on the purchase agreement.

Q. My son is turning 17 years old soon and he would like to apply for a vehicle loan. Is there an age restriction to apply?
A. Yes, you must be 18 years old to sign a legal contract. Once your son turns 18 years old he can then apply for any loan.

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The Credit Union is an Equal Housing Lender.
We do business in accordance with the Federal Housing Law and the Equal Credit Opportunity Act
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
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