Auto Loans

Buying a new or used vehicle is exciting, but navigating the financing process can feel overwhelming. At WSSC FCU, we’re here to make it easier. Our auto loans come with highly competitive rates, giving you the confidence that you’re getting a great deal. Plus, we are ready to guide you through the entire process—from calculating payments to providing you with our online shopping tool to find the perfect vehicle.

Key Benefits of WSSC FCU Auto Loans:

• Flexible Financing Options: Choose a term that fits your budget.

• Pre-Approval: Get a pre-approval so that you know how much the credit union can qualify you for and how much you are comfortable paying each month. The auto-buying process is stressful enough, get the financing out of the way before you go to the dealership. 

• Extended Warranty Options: Protect your vehicle beyond the manufacturer's warranty for peace of mind.

• GAP Coverage: In case of a total loss, our GAP coverage protects you by covering a portion or all of the difference between your loan balance and your insurance payout, so you won’t be left paying out of pocket.

• Rate Match: We offer a rate match program on new vehicle purchases. We will consider matching a competitor’s rate if you provide us with proof of their offer. If we approve the match, the vehicle must be financed for the same term that was offered by the competitor.

• Automatic Payment Discount: The Credit Union will extend a 0.50% discount on auto loan rates, as reflected in our “as low as” rate on our rate page, if you elect to make payments through payroll deduction or allow us to set-up recurring payments via ACH or debit card from another financial institution.  

With our competitive rates and member-focused service, WSSC FCU is your trusted partner in finding and financing your next vehicle.

If you already have an auto loan, it’s worth considering whether refinancing can save you money. Refinancing your auto loan with WSSC FCU could help lower your interest rate, reduce your monthly payments, or shorten your loan term—all of which can have a positive impact on your budget. But how do you know if refinancing is the right option?

Here are some signs you may benefit from refinancing:

• Your Credit Score Has Improved: If your credit score has improved since you took out your current loan, you may qualify for a lower interest rate, potentially saving you money over the life of your loan.

• You Want Lower Monthly Payments: If your current loan is straining your monthly budget, refinancing to a longer term could help reduce your payments, giving you more financial breathing room.

• Interest Rates Have Dropped: If market interest rates have fallen since you first financed your vehicle, refinancing may allow you to take advantage of lower rates.

• You Want to Pay Off Your Loan Faster: If your financial situation has improved and you want to pay off your car loan more quickly, refinancing to a shorter term can help you save on interest and become debt-free sooner.

How Refinancing with WSSC FCU Works:

• Simple Application Process: Our team is here to make refinancing easy—apply online.

• Flexible Options: Choose the terms and conditions that best fit your financial goals.

• Potential for Big Savings: Refinancing at a lower interest rate can reduce the total cost of your loan, putting more money back in your pocket.

Whether you’re buying a new car or looking to refinance your current auto loan, WSSC FCU offers flexible solutions and exceptional service every step of the way.

Start Your Auto Loan Refinance Today

GAP protection steps in and pays the difference between the amount your insurance company pays and the amount owed on your loan, in the event your auto is stolen and not recovered or totaled in an accident and cannot be repaired. WSSC FCU’s partner also provides $1,000 toward the purchase of a replacement auto, when it is financed through the credit union. We provide GAP coverage at a reasonable cost of $375.00, which can be wrapped into your loan. We’ve seen rates as high as $1,500 for GAP coverage offered through dealerships.

Get a no-obligation quote for GAP or an extended warranty (MBP).

When purchasing a new auto some buyers will choose to opt for an extended warranty, which provides protection for those desiring to keep the auto beyond the original manufacturer’s warranty. The warranty can be included in the financing, along with GAP and other add-ons. You should always research the auto you are buying before going to the dealership to make sure that you really need an extended warranty. If you determine that you do need it, please give the credit union a call and price our extended warranty coverage, to make sure that you are getting the best deal.

A Carfax repot can tell you about an auto’s title, ownership, and mileage history and may also include additional information such as accident indicator and service records. Carfax reports ordinarily cost $39.99. At WSSC FCU they’re $14.95 if you’re getting an auto loan from us and $19.95 if you aren’t.