Your Guide to Getting a Car Loan with Service One Credit Union

Buying a car is an exciting milestone, but navigating the loan process doesn’t have to feel overwhelming. At Service One Credit Union (SOCU), we make financing simple and stress-free, so you can drive away with confidence. Whether you’re purchasing your first vehicle or upgrading to something new, here’s everything you need to know about securing an auto loan with SOCU.

Step 1: Check Your Credit and Set a Budget

Before applying for a loan, review your credit score. You can check your credit reports for free once a year at annualcreditreport.com. A higher score can help you qualify for lower interest rates. Additionally, determine how much you can afford by considering factors like monthly payments, insurance, maintenance, and fuel costs. Our Free Credit Counselors can also sit down and go over your credit score with you one on one.

Step 2: Get Pre-Approved

Getting pre-approved for an auto loan at SOCU gives you a clear idea of your budget and strengthens your negotiating power at the dealership. Pre-approval also helps streamline the purchasing process, saving you time and potential stress.

Step 3: Explore Loan Options

At SOCU, we offer flexible financing options with low interest rates, no payments for 90 days, and additional protections like GAP insurance and Mechanical Repair Coverage. Whether you’re buying new, used, or refinancing, we’ll help you find the best loan for your needs.

Step 4: Find Your Vehicle

Once you’re pre-approved, shop with confidence knowing your budget. Whether you're buying from a dealership or a private seller, be sure to research and compare models to find the best fit for your lifestyle and needs.

Step 5: Finalize Your Loan

After selecting your vehicle, complete the loan process with SOCU. You’ll need to provide details about the car, such as its make, model, year, and purchase price. Our loan specialists will guide you through the final paperwork and ensure everything is in place for a smooth closing.

Step 6: Drive Away with Confidence

Once your loan is finalized, you’re ready to hit the road! Plus, with options like GAP insurance to protect against depreciation loss and Mechanical Repair Coverage for unexpected repairs, you can drive worry-free knowing you’re covered.

Why Choose SOCU for Your Auto Loan?

✔ Competitive Rates – Lower rates mean lower monthly payments. ✔ No Payments for 90 Days – Buy now, pay later. ✔ GAP Insurance & Mechanical Repair Coverage – Extra protection for your investment. ✔ Personalized Member Service – We’re here to guide you every step of the way.  ✔ Free Credit Guidance – To help you meet all your financial goals.