Unlock More Perks Than Ever Before – Including $250 Cash Back
There has never been a better time to buy a car or refinance your existing one. Right now we are paying YOU $250 when you finance your vehicle loan with us, plus so much more. Check out all the exclusive savings you can combine to get the best deal possible.
- ✔ $250 Cash Back on any new, used, or outside refinanced auto loan over $15,000.
- ✔ Haul in More savings and be entered to win a $250 gas gift card.
- ✔ Defer Your First Payment for the first 3 months after financing.
- ✔ Skip Your Loan Payments up to two times per calendar year.
- ✔ Up to 0.75 % APR* Discount off your auto loan rate. See discounts available here.
Get Pre-Approved for Peace of Mind
Start and finish your auto loan all online. Whether you are buying a new or used vehicle, or refinancing your current one, you can complete the entire process all from your computer or mobile device. If you haven’t found the right car yet, we can help you get pre-approved so you can shop with confidence and peace of mind. Our team is here to help.
Unwrap More Perks Than Ever Before
Everything You Need to Know About Auto Loans
Our Key Auto Loan Details
- ✔ Rates as low as 5.49% APR*
- ✔ Up to 100% financing on a new or pre-owned vehicle
- ✔ Terms up to 7 years
- ✔ Refinancing is available
- ✔ Loan discounts available
- ✔ Easy to apply online, in person, or by phone
See How Much You Can Save
Don’t wait another day to trade in your old, money-guzzling loan for a sleek, affordable one at GCEFCU. The chart below illustrates just how much we could save you with an auto loan at GCEFCU.
LENDER | RATE | TERM | AMOUNT | MONTHLY PMT |
---|---|---|---|---|
Example GCEFCU Member Auto Loan | 5.99%* | 60 Months | $25,000 | $483 |
Average Bank Auto Loan | 7.87%* | 60 Months | $25,000 | $505 |
GCEFCU Interest Savings Over The 60 Month Term Of A Similar Bank Auto Loan | $1,329 | |||
*Source: Bankrate, rates as of 3/20/2024. Rates vary depending on credit score and loan term. |
Haul in More Savings Sweepstakes
Haul in More Savings Sweepstakes
Rev up your savings with a new or preowned auto loan! Purchase any new or preowned vehicle with financing from Gulf Coast Educators FCU, and you could be the lucky winner of a $250 gas gift card! We will randomly select one winner each month for February and March.
Here’s how to fuel your chances:
✔ Explore Vehicles: Find your perfect ride from new and preowned vehicles.
✔ Finance with Us: Secure your auto loan through Gulf Coast Educators FCU to automatically enter the sweepstakes.
✔ Win Big: Gear up for the announcement – you might be cruising with a $250 gas gift card!
Loan Discounts Available
Loan Discounts
When you finance your auto loan with GCEFCU, you may qualify for additional loan rate discounts. These discounts can be combined to receive up to 0.75% off your APR*.
1. Credit Life or Disability Insurance Discount – Add Credit Life or Disability Insurance to your loan through the credit union and you may receive 0.25% off your APR*.
2. Gulf Coast Educators Insurance Services, LLC Discount – If you have any type of insurance service through Gulf Coast Educators Insurances Services, you may qualify for a discount of 0.25% off your APR*. Insurance offered through Gulf Coast Educators Insurance Services, LLC. Funds should not be considered a deposit or guaranteed by Gulf Coast Educators Federal Credit Union. Funds are not insured by the NCUA or any federal government agency.
3. Direct Deposit – If you have at least 1 payroll direct deposit per month of $500 or more into your GCEFCU checking account, you may receive a discount of 0.25% off your APR*.
Loan Discount Table
DISCOUNT | DESCRIPTION | DISCOUNT |
---|---|---|
1 | Credit Life or Disability Insurance | 0.25% |
2 | Gulf Coast Educators Insurance Services, LLC Discount | 0.25% |
3 | Direct Deposit | 0.25% |
Maximum discount is 0.75% for Auto, Boat, Motorcycle, and RV/Travel Trailer loans, and 0.50% for personal loans. |
Add Car Insurance & Protection
Auto Loan Insurance
While auto loan insurance doesn’t cover basic wear and tear on your vehicle, it is a necessary precaution to help you in the event of an accident resulting in either damage to your or another’s vehicle, or injury to anyone involved. Without insurance, you would be on your own to cover the financial costs out-of-pocket, which can often total thousands of dollars. At Gulf Coast Educators Insurance Services, we can help you get the best insurance coverage for the lowest cost.
Vehicle Protection Plans – Extended Warranty
GCEFCU offers several vehicle protection plans to add to your loan. With five levels of coverage, our protection plan offers affordable options to ensure your vehicle is protected against costly mechanical and electrical repairs. Additional benefits include:
- 24-Hour Roadside Assistance
- Manufacturer Deductible
- Mechanical First Air
- Tire, Delivery, Battery, Locksmith, and Towing service
- Substitute Transportation
- Trip Interruption
- Key Fob Coverage
- Dent & Windshield Repair
To compare covered components and see which plan best suits your needs, click here.
Helpful Resources
Helpful Resources
AUTO EXAM: AUTO EXAM’S goal is to protect the consumer from buying someone else’s problems. We will give you a written unbiased report identifying any problems such as: Was it maintained? Has it been in an accident? Is the mileage correct? Has it been flood damaged? Are there any mechanical problems? How much is the vehicle really worth? In conclusion, Auto Exam can answer these questions and much more.
CARFAX: Order a CARFAX Vehicle History Report. Your best protection against buying a used car with costly, hidden problems, including flood damage. CARFAX searches its nationwide database and provides a detailed report in seconds. In other words, it is a must have for buying a used vehicle.
Additional Resources
Auto Loan Calculators
- How much will my auto payments be?
- How much car can I afford?
- Should I accelerate my auto payments?
- Should I take a rebate or low-cost financing?
Rates & Disclosures
Rates & Disclosures
Auto Loan Rates
Starting APR* (Not including discounts) | Term | Loan Amount | Maximum Loan Discount | Payment Example Per $1,000 Borrowed |
---|---|---|---|---|
5.49% | Up to 36 months | 0.75% | $30.19 | |
5.74% | Up to 48 months | 0.75% | $23.37 | |
5.99% | Up to 60 months | 0.75% | $19.33 | |
6.49% | Up to 72 months | $15,000 and up | 0.75% | $16.81 |
6.99% | Up to 84 months | $25,000 and up | 0.75% | $15.09 |
*APR = Annual Percentage Rate. Actual rates may vary based upon credit qualifications and are subject to change without prior notification. To view loan discounts available, click here. |
Disclosures
Rate Disclosures: *APR = Annual Percentage Rate. Actual rates may vary based upon credit qualifications and are subject to change without prior notification. Maximum discount is 0.75% for auto, boat, motorcycle, and RV loans, and 0.50% for personal loans. Payment Example: 60 monthly payments of $19.33 per $1,000 borrowed at 5.99% APR. Auto loans may receive a rate of 4.74% APR with a 3 year or less term with maximum discount.
$250 Cash Back Disclosure: Auto loans financed with Gulf Coast Educators FCU between February 1st, 2024-March 31st, 2024 and meet the following qualifications will receive $250 cash back. Loan must be a new or used auto, or outside refinance. Credit Union InDirect Lending (CUDL and CUAC) loans, and any other 3rd party loans, not eligible for rebate. Purchase of a new or used car must be from a franchise dealership. This promotion is effective 02/01/2024. Refinancing of existing GCEFCU Auto Loans not eligible. Minimum loan amount must be $15,000 or greater. Loans funded before or after the promotional dates of February 1st, 2024 through March 31st, 2024 do not qualify. The $250 cash back bonus will be deposited into the primary borrower’s primary savings account once the loan is funded. Co-borrowers and joint applicants do not qualify for the $250 cash back. GCEFCU reserves the right to cancel this promotion at any time for any reason. Offer expires March 31st, 2024.
Haul in More Savings Sweepstakes Official Rules & Qualifications:
Eligible members who receive a new or preowned Auto Loan with a Gulf Coast Educators FCU account will be automatically entered in the sweepstakes monthly drawing to win a cash prize in the amount of a $250 gas gift card. Credit Union InDirect Lending (CUDL and CUAC) loans, and any other 3rd party loans, not eligible for rebate. This promotion is effective 02/01/2024. Refinancing of existing GCEFCU Auto Loans not eligible. Loans funded before or after the promotional dates of February 1st, 2024 through March 31st, 2024 do not qualify. GCEFCU reserves the right to cancel this promotion at any time for any reason. Offer expires March 31st, 2024. One winner will be randomly selected on March 5 and April 5 2024.
1. ELIGIBILITY
All Gulf Coast Educators FCU Members in good standing are eligible. No purchase or obligation necessary to enter or to receive any prize. Entrants must be legal U.S. residents and 18 years of age or older at time of entry in the sweepstakes. Prize is non-transferable. Sweepstakes is subject to all applicable federal, state and local laws and regulations and is void where prohibited by law.
2. PROMOTIONAL PERIOD
The Sweepstakes dates are February 1 – March 31, 2024.
3. TWO WAYS TO ENTER
1.During the promotion period, eligible members who receive a new or preowned Auto Loan with a Gulf Coast Educators FCU account will be automatically entered in the sweepstakes monthly drawing to win a cash prize in the amount of a $250 gas gift card. 2: To enter the sweepstakes without having a New or Preowned Auto Loan, clearly print your name, address, telephone number and the words “Haul In More Savings” on a 3″ x 5″ card and mail the card to: Double Your Paycheck Sweepstakes, Gulf Coast Educators Federal Credit Union, 5953 Fairmont Parkway, Pasadena, Texas 77505. Entries received by mail will be eligible to win a $250 gas gift card if they are selected in the random drawing. Entries must be mailed in order to be received by sponsor on or before the last day of each month in the sweepstakes deadline for the prize drawing. Sponsor is not responsible for misdirected, damaged, illegible, postage-due, or incomplete entries not received by the deadline. Members may mail as many entry cards as they wish. MEMBERS WHO ARE ENTERED AUTOMATICALLY BY HAVING DIRECT DEPOSIT AS DESCRIBED ABOVE AND MEMBERS WHO ENTER BY MAIL SHALL HAVE THE SAME ODDS OF WINNING.
4. GENERAL CONDITIONS
By participating, you agree to be fully and unconditionally bound by these Official Rules & Qualifications, and you represent and warrant that you meet the eligibility requirements set forth herein. Decisions made by Sponsor are final. By entering the sweepstakes, you agree to be bound by the decisions of Sponsor and these Official Rules & Qualifications. You and your entries may be disqualified if you attempt to circumvent the Official Rules & Qualifications. The sweepstakes is subject to all applicable federal, state and local laws. Winners who are of legal age, by entering the sweepstakes, agree to grant the Sponsor the right to print, publish, broadcast and use, in any media including, but not limited to, the World Wide Web, at any time or times, their names and pictures for Sponsor’s advertising and promotional purposes without additional consideration. Further, by accepting a sweepstakes prize, winners agree to release Sponsor from any and all liability arising from acceptance, possession, use, loss or misuse of the prize.
5. DRAWING
DRAWING: Eligible entries automatically generated and those received by the deadline by mail will be eligible for a chance to win a $250 prize to be given at the end of each month during the promotion period. The monthly prize drawings will be held on the following dates at the Sponsor’s main office at 5953 Fairmont Parkway, Pasadena, Texas by 4:00 pm CST: March 4 & April 4, 2024.
6. ODDS OF WINNING & TAX LIABILITY
Odds of winning depend on the total number of entries automatically generated and those received by mail by 5:00 pm CST on the sweepstakes deadlines. Need not be present to win. Prize winner is responsible for any and all applicable federal and state income taxes associated with the awarding of the prizes. Sponsor may be required to file a 1099-MISC tax form in the name of the winner of the Grand Prize for the value of the prize. The cash value of the Grand Prize may be needed on the federal tax return of the winner as taxable income. Please consult your tax advisor.
7. GRAND PRIZE DESCRIPTION
Winners that were entered by having direct deposit will receive a cash prize in the amount of their direct deposit, up to $2,500, deposited into their Gulf Coast Educators FCU account. Winners that were entered by mail will receive a $250 gas gift card.
8. WINNER NOTIFICATION
Winners of the monthly prize will be notified by telephone and/or e-mail and will be required to complete, sign and return a Sponsor-supplied Affidavit of Eligibility/Liability Release/Publicity Release form within 14 days of being informed they are the winner. Failure to do so will result in forfeiture of the prize and a new winner will be selected by random drawing from all eligible entries. Sponsor shall have no liability for the winner’s failure to receive notices due to winners’ spam, junk e-mail or other security setting or for winners’ provision of incorrect or otherwise non-functioning contact information. If the selected winner cannot be contacted, is found to be ineligible, fails to claim their prize within 14 days from the time an award notification was sent to winner, or fails to timely return a completed and executed declaration and releases as required, prize may be forfeited, and an alternate winner selected.
9. PUBLICITY
Each winner agrees to permit Sponsor to utilize his/her name and likeness in promotional and other Sponsor materials, without additional compensation or permission, except where prohibited by law.
10. LIMITATIONS OF LIABILITY
Sponsor is not responsible for any injury, loss or damage or any other liability of any kind resulting from use of a prize won from Sponsor in this sweepstakes.
The promotion and drawing are governed by these Official Rules & Qualifications and the laws of the State of Texas. Any dispute regarding the sweepstakes shall be resolved only in a state or federal court location in or near Pasadena, Texas.
11. WINNERS’ NAME
For the names of the monthly winners, send a stamped, self-addressed envelope to: Double Your Paycheck Sweepstakes, Gulf Coast Educators Federal Credit Union, 5953 Fairmont Parkway, Pasadena, Texas 77505. Requests for the list of winners’ names must be received by May 1, 2024.
Gulf Coast Educators Insurance Services, LLC Disclosure: Gulf Coast Educators Insurance Services, LLC discount is for insurance offered through Gulf Coast Educators Insurance Services, LLC. Funds should not be considered a deposit or guaranteed by Gulf Coast Educators Federal Credit Union. Funds are not insured by the NCUA or any federal government agency.
Extended Warranty Disclosure: Restrictions & limitations may apply. Please see contract for complete details. Please refer to your Vehicle Service Agreement for a more comprehensive list of what’s covered with your plan options. Parts pricing listed in illustration is based on average of actual repairs at a retail rate for Parts & Labor. Actual repair costs may vary by repair facility, vehicle, and location. Warranty products are provided and administered by SWBC and not guaranteed by the credit union.
No Payments for 90 Days Disclosure: Deferment is NOT available on loans already financed with Gulf Coast Educators FCU. Your rate will be based on the term of your loan and creditworthiness. Interest will continue to accrue during the deferral period and by electing to defer your car payments, the total interest charge will increase and extend the time required to pay your loan in full based on your required monthly payment. GAP insurance may not cover skipped payments.
Skip-A-Pay Disclosure: Must have the $25 fee per loan in the account at the time of processing. Must be current on all accounts with the CU; excluding checking accounts that have not been negative over 30 days. To skip a payment on your auto loan, you must have current insurance on your vehicle. You cannot have received an extension the month prior to the skip a pay request. If you take advantage of the skip a pay, you will not be eligible for an extension the following month. Loans secured by Real Estate, Term Loans, Credit Card, Delinquent Loans, or loans that have already received 1 extension in the current calendar year are not eligible. If your loan is paid weekly, bi-weekly or semi-monthly, the agreement will allow you the “Skip-a-Pay” for two payments during the Skip-A-Pay month. New loans do not qualify for “Skip-a-Pay’s” unless three month’s worth of payments have been made. Interest will continue to accrue during the “Skip-a-Pay” period and that by electing to “Skip-a-Pay” the total interest charge will increase and extend the time required to pay my loan(s) in full based on my required minimum monthly payment. GAP may not cover skipped payments (refer to your GAP contract for details.)