No matter what winding roads await, we're here to help make the vehicle loan process a smooth ride.
Whether you're refinancing your current vehicle, or purchasing a new or new-to-you vehicle, we have a
variety of loan options to ensure you enjoy the drive. Explore our loans for cars, motorcycles, boats,
and recreational vehicles.
Taking test drives and perusing car lots can seem like the fun part of car buying, while the
financial
part can seem like a real drag. But when you take it step-by-step, the finances of buying a car
are
simpler than they seem:
Before shopping for a car, get preapproved for a loan. This will help you know how much
you
can
borrow
and give you an idea of what kind of monthly payment you can expect. It also gives you more
negotiating
power at the dealership.
Plan any potential trade-ins by researching your old car's value. This will give you a
baseline for
negotiations and help you decide if trading in is even your best option.
Do your homework to learn what you can expect to pay for your new car. Most car dealers
expect that
you'll negotiate the price down somewhat, but you can get more leeway with certain techniques.
For
example, try visiting at the end of the month to get the best deals. You should always be
prepared
to
leave if you feel the dealer is not giving you a fair price.
Once you score the price you want, follow the instructions you received when your loan
was
preapproved.
Buy insurance once you've almost finished the car buying process. Shop around for a
quote,
even if
you
currently have insurance, for the best deal possible. You can take advantage of a KCU member
discount
through our partnership with Travelers. Call 800-842-5936 or get
a
quote online.1
