Things You'll Need:
- Copy of your current insurance card
- copy of your driver's license
- Buyers order from dealer if you already have car picked out
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Step 1
1. Google your local credit union's website and check out the interest rates on their vehicle loans. It wouldn't hurt to shop around a little bit and compare the rates to other banks.
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Step 2
2. Head to your local credit union branch and ask for a loan officer. Tell them that you're interested in a car loan. To speed up the process, it is helpful if you bring your drivers license and your current car insurance card.
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Step 3
3. Tell the loan officer if you would like to get pre-approved for a specific amount, as you are still searching for a car, or tell them that you have already found the car you would like to purchase.
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Step 4
4. Let them know whether you will be going through a dealer or a private party for the purchase. If you will be going through a private party, often the seller needs to be present at the closing to sign the title over. If you will be purchasing through a dealer, the loan officer will need a buyers order from the dealership.
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Step 5
5. Congratulations... you have done your part. The rest is up to the loan officer. They should be in touch with you shortly and will call you if they need any more information. Once approved, they will call you to schedule a closing time to sign all the documents. If you are going through a credit union approved dealership, you may be able to sign the documents on site.
