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
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