Auto Loans

New & Used Cars & Trucks

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Summit FCU is with you when it's time for a new or used car or truck. With the same low fixed rates for both new and used autos, flexible terms and the option to get pre-approved before you shop, we make the auto loan process easier than ever. If you have questions or want to speak with someone about starting a loan application, contact us or start your application online

For all SFCU vehicle loans, you can:

  • Apply online 24/7 or call during business hours for a pre-approval
  • Select the repayment terms that work best for you
  • Benefit from no early payoff penalties
  • Pay your loan with Payroll Deduction and never worry about missing a payment
  • Enjoy the same low rate for both new and used autos
  • No application fee

Motorcycles & Recreational Vehicles

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Our recreational vehicle loans offer competitive rates, flexible terms and the option to get preapproved before you start looking for the recreational vehicle of your choice. If you have questions or want to speak with someone about starting a loan application, simply call us at 330.376.3626 or you can start your application online.

Apply today! We offer several different options to get started:

Our auto loan rates are now as low as 2.49% APR*, and recreational loans as low as 6.50% APR* or lower with Loyalty Rewards!

Additional Loan Service

CarBargains

CarBargains is a nonprofit consumer service that helps you get the best possible deal on a new vehicle. Once you've decided on the make and model you want to purchase, call them at 1-800-475-7283 and be sure to mention your Summit Federal membership. For a modest fee (discounted with SFCU membership), CarBargains will acquire bids on the vehicle from dealers in your area. Each dealer will give their lowest possible bid, which enables you to buy at the best possible price. The fee is refunded by Summit Federal when you take your vehicle financing with us. CarBargains also offers a Lease Wise service to provide value and confidence for those of you who wish to lease a new vehicle. Although Summit Federal does not offer a lease financing option and is unable to refund the Lease Wise fee, this service can help save you money on the overall lease of a new vehicle.

Mechanical Breakdown Protection*

Avoid costly car repair bills with mechanical breakdown protection. This contract is considerably less expensive than dealer service contracts. Coverage is available up to 100,000 miles and 7 years on both new and used vehicles (new vehicle coverage must be purchased before the manufacturer's warranty expires). The vehicle must be financed at Summit Federal Credit Union at the time of the Mechanical Breakdown Protection purchase. The premium can be financed with the vehicle loan. For answers to your questions, call either Summit Federal Credit Union or Allied Solutions at 1-800-981-5689. Get a quote now!

* The products offered: Are not federally insured, are not obligations of the Credit Union, are not guaranteed by the Credit Union

Guaranteed Asset Protection (GAP)*

The dramatic plummet of your car's value as soon as you drive it off the lot can put surprising and undue strain on your wallet if your car is totaled. The actual cash value of your car can be substantially less than what you still owe on your loan. Since you're responsible for paying the remainder of your loan even when your car is totaled, you might have to come up with thousands out of your pocket unless you have Guaranteed Asset Protection (GAP). This low cost protection is only $350.00 and can be financed with the vehicle loan.

* The products offered: Are not federally insured, are not obligations of the Credit Union, are not guaranteed by the Credit Union

Loan Protection Insurance*

This insurance program is a special Credit Insurance coverage provided by Summit Federal on your Credit Union loans. Credit Life Protection will provide for payment in full in the event of your death. Credit Disability Protection is for those age 65 and under and will make the payments on your loan in the event you're off work for more than 30 days because of either an injury or illness. Payments will continue until you are released by your doctor to go back to work. With this coverage, you can rest assured that your obligations will be taken care of if you can't do it yourself.

* The products offered: Are not federally insured, are not obligations of the Credit Union, are not guaranteed by the Credit Union