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Vehicle Loans

 Easy to Apply

No hassle! Make Service One your first stop before buying a car.

Line of cars with teal car in front

An auto loan means more than an engine and four wheels. It’s about taking care of your family by getting them to soccer practice, helping your teenager find some freedom and confidence, and discovering open roads for yourself. We understand the importance of a good vehicle in your life, so we offer great rates,  no down payment (with credit approval), and no prepayment penalties. We can even help you refinance a loan from a different financial institution and it may lower your payments or help pay off your loan faster. If you’re looking for affordable car loans from a place you can trust?—come to us.

 

We will help get you the best rate with the least amount of hassle. Service One’s Auto Loans have flexible rates and terms.  Applying is easy online, at a Service One branch, or at a participating auto dealership. Give us a quick call if you have questions:  270-796-8500 or send us an email.

Move Your Auto Loan to Service One and Get Up to $500 Cash Back!

>>Apply to get up to $500 back!<<

 Refinance Cash Back Details:

  • Loan rates as low as 2.59% APR*
  • The loan you refinance must be from another lender; current SOCU auto loans are not eligible
  • Up to 1% cash back with max payout of $500

 

Example Cash Back

Loan Amount

Cash Back

  $10,000

  $100

  $25,000

  $250

  $50,000

  $500

No Payment for 90-Days

Defer your loan payment for the first 90 days after the loan closing. Take a payment vacation or get ahead of the monthly payment requirement.

Apply

*APR=Annual Percentage Rate. All loans are subject to credit, income, and membership eligibility. Other restrictions and conditions may apply. Visit a SOCU branch or socu.com for complete details. Offer is valid for personal vehicle loan refinance applications submitted 04/13/20 - 6/30/2021 and loan amounts $10,000 and greater funded within 30 days of application. Offer may be changed or discontinued at any time without notice. 1.00% cashback is calculated on the funded loan amount with a maximum payout of $500.00. Refinance of an existing SOCU auto loan is not eligible for cashback. Cashback will be deposited to a SOCU account within 7 to 10 business days of the final loan agreement. 2.59% APR is available to FICO scores 730+, year model 2019 and newer, LTV up to 100%, and terms up to 66 months. An additional 0.25% discount for auto pay from a SOCU deposit account may be applied but the rate cannot be lower than 2.59% APR.

Pre-Approved

 Get Your Auto Loan Pre-Approved

 

Take some of the stress out of the car buying processstop by Service One or call before you head to the dealership. Car shopping can be difficult when you’re not sure what you can afford. With our pre-approval process, you can shop smarter, by knowing exactly your price range.  Often times you can also negotiate a better sales price! Save time and money by getting pre-approved for an auto loan with no application fee, low rates, no pre-payment penalty – along with no payment due for up to 90 days!

Curious about an auto loan at Service One? Give us a call at 270-796-8500 so we can walk you through the process!

Make A Loan Payment

 Make Quick Payments Using Your Debit Cards

Too busy to get this month's Service One payment in the mail? No worries.

Pay a loan or credit card with a debit card.

You can pay securely, anytime, after you create your user account.

Sign on to pay your credit card, vehicle, personal, or line of credit loan when it works for you, and your payment will be credited the next business day. The charge is only $4.95 fee for using your credit or debit card.

Be sure to have your member number and loan number available along with your credit/debit card or checking account information. Your member number and loan number can be found on your Service One statement or by contacting us.

PAY BY DEBIT CARD*

 *Online Payment Convenience Fee of $4.95 applies for payments made by debit card.

Mechanical Repair Coverage

As vehicles get older and miles add up, the likelihood of repairs increases. Mechanical Repair Coverage can help you limit out-of-pocket, costs for covered breakdowns.

Mechanical Repair Coverage can help limit the cost of repairs. You depend on your car. But big unexpected repairs can happen after your factory warranty expires. Mechanical Repair Coverage (MRC) can help you limit the cost of any covered breakdowns. You pay only the applicable deductible if any. MRC can help lighten the financial burden for you and the people you care about. Get MRC today so you can worry a little less about tomorrow.

To research, compare, and buy Mechanical Repair Coverage, visit Forever Car for a quote or call 866-515-7113, where you can take advantage of:

• Convenience - easy-to-use, 24/7 online shopping experience

• Customer service - expert service through a dedicated call center

• Monthly payments - through a convenient monthly payment plan that fits your budget


Mechanical Repair Coverage is provided and administered by Consumer Program Administrators, Inc. in all states except CA, where coverage is offered as insurance by Virginia Surety Company, Inc., in WA, where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., in FL, LA , and OK, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), all located at 175 West Jackson Blvd., Chicago, Illinois 60604, 800.752.6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc. In CA, where Mechanical Repair Coverage is offered as insurance (form MBIP 08/16), it is underwritten by Virginia Surety Company, Inc. Coverage varies by state. Replacement parts may be used or remanufactured. Be sure to read the Vehicle Service Contract or the Insurance Policy, which will explain the exact terms, conditions, and exclusions of this voluntary product. MRC-2341946.2-1020-1122 © CUNA Mutual Group 2020

DocuSign

 Sign Documents Electronically

Safely sign loan documents and forms electronically.

If your day is too busy to visit a Service One location, or perhaps you are not in town, you can still easily sign your loan documents. Ask a Service One associate today about our free e-Signature feature.

Just one more way that Service One is working hard to be Member Focused, Service Driven.

Graduate Program

 Graduate Auto Loan Program

Gold piggy bank with graduate hat and glasses

Congratulations, grads!  

You’re on your way to new beginnings, and now is a good time to start considering your financial future. Establishing a strong credit history is the beginning, and an auto loan makes a great first step. If you’ve recently graduated, our Graduate Auto Loan Program can help as you enter the next stage of your life.

Program Qualifications and Conditions:

  • No previous auto loan history in the credit bureau
  • No derogatory credit
  • Debt to Income 38% or less
  • Provide 5% cash down payment of total purchase price (minus rebates)
  • Terms up to 72 months for new vehicles and 66 months for used vehicles
  • Used vehicle age not to exceed 7 model years

College Grads

  • Must provide a copy of degree or college transcript from a two or four-year accredited college or university
  • Must provide proof of income – paystub or commitment letter from the employer
  • Maximum loan amount $25,000

High School Grads

  • Must be at least 18 years old and provide a copy of high school diploma or transcript
  • Must have had a full-time job (32 hours a week or more) for the past 6 months
  • Must provide proof of income – pay stub from the employer
  • Maximum loan amount $20,000

 Auto Loan Protection Insurance

OPTIONAL COVERAGES

Guaranteed Asset Protection (GAP)

In the event of a car accident, if your vehicle is considered a total loss, this optional coverage will pay the difference between your loan balance and the amount covered by your primary insurance carrier.

 


Credit Life & Disability Insurance

Credit Life Insurance can help reduce or pay off your loan balance, up to the maximum limit should you or a co-borrower pass away. Credit Disability Insurance can help make monthly loan payments, up to the maximum limit, should you become totally disabled, until you are no longer disabled.

 


Mechanical Repair Coverage 

Mechanical Repair Coverage can help limit the cost of repairs. You depend on your car. But big unexpected repairs can happen after your factory warranty expires. Mechanical Repair Coverage (MRC) can help you limit the cost of any covered breakdowns. You pay only the applicable deductible if any. MRC can help lighten the financial burden for you and the people you care about. Get MRC today so you can worry a little less about tomorrow.

To research, compare, and buy Mechanical Repair Coverage, visit Forever Car for a quote or call 866-515-7113

 


Trustage Auto Insurance

You trust your credit union to offer products and services to help you do more with what you have. That’s why we’ve joined with a dedicated team of insurance professionals to bring you the TruStage Auto Insurance Program. TruStage insurance products are available exclusively for members through the CUNA Mutual Insurance Agency, Inc.

If you haven't compared auto insurance rates lately, it's a great time to take a look. Your credit union membership could result in some nice savings. Check out our partnership with Trustage and Liberty Mutual Insurance.


Trustage co

Life and Disability Loan Payment Protection

Working with carefully selected auto insurance partners, the TruStage Auto Insurance Program can provide discounted rates for credit union members, online services, and 24/7 claims service.

It’s a great time to take a look at your coverage. Your credit union membership could result in some nice savings.

Get your no-obligation quote today by calling 1-855-483-2149 or by visiting the TruStage online quote generator by clicking the photo above.


Check out other insurance products!

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