Ride Into the Holidays with Extra Cheer: Get $250 Cash Back on your Auto Loan!
It’s the season of giving – And from November 30th until December 31st, 2023, we are giving YOU $250 cash back when you finance your vehicle loan with us. Plus, you won’t have to make your first payment until next year. Not in the market for a new ride? Refinance your price! You can still qualify for this offer and free up some funds this holiday season by refinancing your auto loan that is at another lender with GCEFCU. Lower your monthly payment and your rate all in one. Plus get $250 cash back! 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.
- ✔ 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 5.74% 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 | 6.24%* | 60 Months | $25,000 | $486.11 |
| Average Bank Auto Loan | 8.27%* | 60 Months | $25,000 | $510.15 |
| GCEFCU Interest Savings Over The 60 Month Term Of A Similar Bank Auto Loan | $1,298.40 | |||
| *Source: Bankrate, rates as of 8/01/2023. Rates vary depending on credit score and loan term. | ||||
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. | ||
Winter Car Sale - Win $500!
Winter Car Sale
From November 20th through December 31, 2023, when you search for your next vehicle using our Member Auto Center and submit a no-obligation price quote request, you’ll be entered to win $500. Follow the instructions below:
HOW TO ENTER TO WIN:
Step 1: Before December 31, 2023, visit our online Member Auto Center visiting GCEFCUcarsale.MemberAutoCenter.com
Step 2: Search for your next vehicle by using the blue search box.
Step 3: Submit for a no obligation Price Quote Request for a vehicle that you are interested in, by filling out the form located to the right of the vehicle’s pictures. Enter WIN500 in the “referred by” box.
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 |
|---|---|---|---|---|
| 5.74% | Up to 36 months | 0.75% | $30.30 | |
| 5.99% | Up to 48 months | 0.75% | $23.48 | |
| 6.24% | Up to 60 months | 0.75% | $19.44 | |
| 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 $19.44 per $1,000 borrowed at 6.24% APR. Auto loans may receive a rate of 4.99% APR with a 3 year or less term with maximum discount.
$250 Cash Back Disclosure: Auto loans financed with Gulf Coast Educators FCU between November 30, 2023- December 31, 2023 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 11/30/2023. 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 November 30, 2023 through December 31, 2023 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 December 31, 2023.
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.)
Winter Car Sale Disclosure: Need not apply for a loan to enter. No purchase necessary. You do not have to be a member of a credit union to enter. Limit one entry per person. All entries will be accepted. To enter visit the website above, search for a vehicle and submit the form for a no obligation Price Quote Request on that vehicle and put the code WIN500 in the “referred by” box November 20 – December 31, 2023. All entries must be submitted no later than December 31, 2023 by 11:59 p.m. CST. Contest ends December 31, 2023 at 11:59 p.m. CST. Two winners will be chosen by random drawing on January 9, 2024 to win $500 in the form of a gift card. Winners will be notified by a Member Auto Center Representative not affiliated with a specific credit union. This contest does not include a manufacturer’s rebate or discount available to the public. Employees of CU Alliance, LLC and its subsidiaries are not eligible. Must be 18 years or older. No cash value. Odds of winning depend on the total number of entries received. Restrictions may apply. Void where prohibited and subject to federal, state and local laws. For more information call 832-912-2182.