Whether you're buying or refinancing, an auto loan from SunWest Federal Credit Union in Arizona will help get you on the road in no time.
Whether you're buying or refinancing, an auto loan from SunWest Federal Credit Union in Arizona will help get you on the road in no time.
A vehicle purchase is often one of the more expensive purchases a person will make, so it’s not one to be taken lightly. That doesn’t mean it has to be the nightmare experience many have come to associate with car buying. SunWest puts you in the driver's seat and makes the process effortless from application to purchase. Not everyone is a car buying expert, but we can help you get there.
You’ve done the research and you know what you want, but you aren’t sure where to start. Our pro tip? Hype yourself up. Think of it like dating, except you’re the only one that needs to be impressed. Let’s take a look at that process:
A pre-approval gives you the power of a “cash buyer.” This sends the message to the dealer that you aren’t there for a car loan or to make a deal on financing, and it helps you focus negotiations to purchase price. Ready to go shopping? View our competitive auto loan rates and get pre-approved for a SunWest Credit Union auto loan today so you can determine the budget that’s right for you.
Once your auto loan funding is approved, it’s time to test drive and get your fill of new car smell... or, new to you, car smell. Scroll through your options online, read those bios and schedule your date. Prepare questions that are most important to you like safety, fuel efficiency, and price. Ultimately, the best way to buy a car comes down to doing your research. If you need a little help getting started, browse CUDL AutoSMART to point you in the right direction or work the numbers with our auto loan calculator.
When you feel like you’ve found the right fit, ask the dealer or seller for their digits and tell them you’ll call them soon. Figure out which cars work best for you, research fair purchase amounts, get your pre-approval and walk into that dealership like you’re ready to own the place.
Our Indirect Lending team takes it from here. We’ll break down exactly what’s needed to start the loan process, go over your financing options and competitive rates so you get the low monthly payment that works for you, and get you riding off into the sunset for your happily ever after. Or at least until the next car purchase.
Transparency is key. When you finance an auto loan with SunWest Federal Credit Union, you know your competitive rate, average savings, and monthly payment before you start shopping for your new or used car.
Flexible terms to fit your budget. Ask your Branch Representative to estimate your loan payments based on the different terms available. This will help when it comes to budgeting for auto insurance, extended warranties, and don’t forget fuel. Again, we’re all about that transparency.
Whether you’re purchasing from a dealer or a private seller, we’ll estimate and disclose any applicable fees before the deal is done. You also don’t have to pay to submit an auto loan application, and we will never hide closing fees, if any apply. Did we mention we love transparency?
Zero prepayment penalties. One of the best feelings you can get in finance is paying off a debt early and saving yourself interest. If you win the lottery the day after this purchase and pay off your loan, you’ll be saving yourself all the interest you would have paid throughout your full loan term. You’ll only pay what is due, when it is due, with no additional fees. We want that for you.
Ready to cruise the open road on your hog, tear up those Arizona sand dunes, make some wake on Lake Pleasant, or road trip America in comfort? We got you! Whether a new or used car loan, or something more recreational, SunWest offers a variety of low rates on loans for many vehicles. Remember to send us a post card or bring your local branch some fish fry.
Includes: Everyday driver automobiles like Sedans, Trucks + SUVs
Includes: Motorcycle, Scooter, Side x Side, Spider, Slingshot, + Dirt Bike
Includes: Motorhome, 5th Wheel, Travel Trailer, Toy Haulers, Cab-Over Camper, + Pop-Up Camper
Includes: Boat, Wave Runner, Sea-Doo, Jet Ski, Quad, + Other ATVs
Trust us when we say we’ve all felt stuck in a one-way relationship with auto loans at some point along our financial journey. You aren’t alone in thinking that the decisions you made at the time of purchase were right for you. Plenty of people get stuck in a cycle of bad auto loans that started when they were young and had no credit, or when they stumbled and had a low credit score, or even bad credit. They get pressured into a deal with a high interest rate, and the added taxes and fees start the loan off with negative equity (owing more than the vehicle is worth). That’s a hard wheel to jump off, but you can break the cycle when you refinance your auto loan from another lender with SunWest Federal Credit Union.
If your auto loan isn’t working for your financial needs, change it up! Refinance your auto loan and never settle for an auto loan or payment schedule that doesn’t work for where you are in life right now.
There are some misconceptions about auto loans and refinancing, so let’s clear this up:
the amount owed on your statement makes you want to jump into the nearest body of water. Please don’t do that. We have great rates so call us instead.
When you look at your auto loan statement each month, the amount you’re paying in interest should be steadily decreasing. If it’s not, now is a good time for a change. Refinancing a vehicle is NOT like refinancing a home. Vehicle refinances are typically quick and painless transactions with a very low title transfer fee. Once you’ve been approved, it’s just a matter of collecting documents (most of which are accessible online within minutes) and sending out a check.
Reduce your monthly payments. A lower annual percentage rate gives you some budgeting room, and any additional you pay toward your monthly payment goes toward your principal balance – saving you money on interest.
Adjust your loan term. If your monthly payments are too high, and you’re constantly cutting out the things you enjoy just to pay your loan, it’s time to take a look at your term. You may be able to extend it and give yourself a little breathing room. Maybe you went for the longer term at the dealer because you got a rebate or a discount, but you find that now you’re paying a lot more interest. Let’s look at shortening your term. Loans are not a one-size-fits-all kind of deal.
Save money and become a fierce advocate for your community. We love helping our members save as much money as possible, but giving back to our community makes us do the happy dance. Each summer, we donate funds for each vehicle refinanced to local charities because we believe a big part of our purpose is to enrich our communities. Check our promo page in June for the latest partnerships.
Apply today and we’ll work together to lower your current interest rate, adjust your payment schedule, shorten your term to help you pay your loan off earlier, and save you some major cash on your existing auto loan from another lender.
*APR = Annual Percentage Rate. Subject to approval and may vary based on multiple factors such as payment method, and credit worthiness. Certain terms, restrictions, and conditions apply. Proof of current loan rate may be required prior to closing in order to receive the refinanced rate. This offer does not apply to vehicles currently financed through SunWest Federal Credit Union. Rates are subject to change without notice. This credit union is federally insured by the National Credit Union Administration. SunWest reserves the right to modify or discontinue any offers that may be listed on this page at any time.
