Our Key Auto Loan Details
- ✔ Up to 100% financing on a new or pre-owned vehicle
- ✔ Terms up to 7 years
- ✔ Refinancing is available
- ✔ Loan discounts available for first time borrowers
- ✔ 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 | 2.99%* | 60 Months | $25,000 | $449 |
| Average Bank Auto Loan | 4.37%* | 60 Months | $25,000 | $465 |
| GCEFCU Interest Savings Over The 60 Month Term Of A Similar Bank Auto Loan | $960 |
| *Source: Bankrate, rates as of 4/29/2020. Rates vary depending on credit score and loan term. |
Loan Discounts
When you finance your auto loan with GCEFCU, you may qualify for additional loan rate discounts. We offer discounts to first time borrowers, members with multiple GCEFCU loans, and more. These discounts can be combined to receive up to 1.00% off your APR*.
Extended Warranty Discount – GCEFCU offers several vehicle protection plans to add to your loan. If you add an extended warranty through the credit union, you can receive 0.25% off your APR*.
First Time Borrower/New Membership Discount – If you have never had a loan financed with GCEFCU, you can receive a discount of 0.25% off the APR* of your first loan.
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*.
GAP with Powerbuy Discount – Add Gap with Powerbuy to your loan through the credit union and you may receive 0.25% off your APR*.
Multi Loan Discount – If you currently have multiple loans with GCEFCU, you may qualify for a multi loan discount of 0.25% off your APR*.
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.
Loan Discount Table
| DISCOUNT | DESCRIPTION | DISCOUNT |
| 1 | Extended Warranty | 0.25% |
| 2 | First Time Borrower/New Membership | 0.25% |
| 3 | Credit Life or Disability Insurance | 0.25% |
| 4 | GAP with PowerBuy | 0.25% |
| 5 | Multi Loan Discount | 0.25% |
| 6 | Gulf Coast Educators Insurance Services, LLC Discount | 0.25% |
| 7 | Direct Deposit | 0.25% |
| Maximum discount is 1.00% for Auto, Boat, Motorcycle, and RV/Travel Trailer loans, and 0.75% for personal loans. |
Start Car Shopping
Our Member Auto Center has all the tools you need to find your next vehicle and give you peace of mind knowing you are getting good advice and deals. The Member Auto Center features the ability to search for new and used vehicles, advice on the car buying process and much more. Click the button below to visit our Member Auto Center website.
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.
Disclosure: 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.
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.
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.
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
Rates & Disclosures
Auto Loan Rates
To view our current auto loan rates, click here.
Disclosures
Summer 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 you are interested in, submit the form for a no obligation price quote request on that vehicle, and put the code SUMMER2022 in the “referred by” box May 27, 2022 – June 30, 2022. All entries must be submitted no later than June 30, 2022 by 11:59 p.m. CST. Contest ends June 30, 2022 at 11:59 p.m. CST. Only two winners will be chosen by random drawing on July 8, 2022 to win $500 each 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.
Rate Disclosures *APR = Annual Percentage Rate. Actual rate may vary based upon credit qualifications and are subject to change without prior notification. Maximum discount is 1.00% for auto, boat, motorcycle, and RV loans, and 0.50% for personal loans. Payment Example: 60 monthly payments of $17.96 per $1,000 borrowed at 2.74% APR. Auto loans may receive a rate of 1.99% APR with a 3 year or less term with maximum discount.
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.)
$250 Cash Back Disclosure: Auto loans financed with Gulf Coast Educators FCU between March 1, 2022 – June 30, 2022 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 03/01/2022. 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 March 1, 2022 through June 30, 2022 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 June 30, 2022.
$1,000 Credit Card Approval Disclosure: Members who finance an auto loan with Gulf Coast Educators FCU between March 1, 2022 – June 30, 2022 and meet the following qualifications will receive a guaranteed $1,000 credit card approval with the funding of the collateralized loan. 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 03/01/2022. 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 March 1, 2022 through June 30, 2022 do not qualify. Guaranteed credit card approval is for the primary borrower only and not applicable to co-borrowers or joint applicants. Proof of credit and/or income will not be required as long as the auto loan is funded prior. Member must not already have a current GCEFCU credit card account. GCEFCU reserves the right to cancel this promotion at any time for any reason. Offer expires June 30, 2022.
Step 1: Before June 30, 2022, visit our online Member Auto Center visiting GCEFCUCarSale.MemberAutoCenter.com