The Car Buying Process Shouldn’t Be Difficult

Top 3 Things to Consider when Opening a New Auto Loan

Trust the Auto Loan Experts

You're ready for your next vehicle and despite what you’ve heard or read, you want the process to be as easy as possible—we get it.

 

At American 1 Credit Union, we are the Auto Loan Experts and are here to help, from the paperwork to the moment you receive your keys. Let us simplify a seemingly complicated process for you. After all, nothing beats quick, in-person service for competitive rates, low monthly payments, easy payment options, and more.

 

We value financial wellness at American 1 and want to help you find the best auto loan for your budget and lifestyle. Consider these three recommendations when applying for an auto loan:

 

1. Get a car you can afford to pay back: Too many people make the mistake of taking out an auto loan for a car they can't afford and end up paying a lot in interest. We recommend looking for a vehicle within your budget to help down the line. Our Auto Loan Experts excel in one-on-one relationships with members to find the financial path best suited to their individual needs.

2. A down payment may help in the long term: The more money you put down upfront, the less your overall balance will be for the cost of the vehicle, plus a down payment could help lower your monthly payments. However, we understand a down payment isn't always feasible, and that’s one of the reasons we are available to discuss your options. We take pride in understanding our members' needs and determining the right financial plan.

3. Set up an automatic payment plan: When taking out an auto loan, it's wise to establish a payment plan with your financial provider to ensure you never miss a payment. At American 1, our commitment to uncomplicated service means you can set up automatic payments through American 1 Online Banking. If you want to break up your payments to withdraw weekly instead of monthly, we can help with that, too.

Additionally, we know that a vehicle is one of the biggest purchases you can make. That's why protecting your investment is so important. American 1 offers several protection product options to help you safeguard your vehicle, including Guaranteed Asset Protection (GAP), Injury & Illness Protection, and Life Coverage.*

 

For your convenience, American 1 has 16 branch locations, more than 50 ATMs, and a 24/7 contact center. And while other financial institutions close early, American 1 is open until 7 pm in some locations throughout the week, opens earlier on Fridays, and has extended hours on Saturdays. You're busy, and American 1 is available whenever you need your financial institution—whether in person or with one of our convenient remote banking options.

Do you have questions about financing your next vehicle? Contact us today—we’re here to help.

 

With over 62,000 members, American 1 has remained true to its objective since 1950 and continues to create financial wellness in the communities it serves through personal, everyday banking. Become a member of American 1 Credit Union today!

 

*Please contact us for additional details and restrictions. American 1's credit decision will not be affected by whether members elect to purchase these protections.

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