Auto Loans

It’s easy! It’s FREE!

New and USED CAR INFORMATION is always available to members through ECU’s lobby computer and vehicle library.

• • Find the value of USED vehicles through National Automobile Dealers Association (your computer or ours) or use our NADA “Blue Book”
  • New, Used, and everything else check out Motor Trend.

<liBuying, selling or trading a car, truck, van, motor home, fifth wheel or motorcycle? Trust ECU’s vehicle pricing information!

This valuable service helps you save money and determine the value of your trade BEFORE YOU SHOP!
BE sure to TALK TO ECU BEFORE YOU BUY so you can negotiate your very best deal.

Carfax provides you with vital vehicle history information about a used car or truck you’re considering buying (salvage title, odometer rollback, manufacturers-lemon buy back and uncompleted recall repairs). Search your purchase with Carfax first ($39.99), then, if you finance the purchase at the credit union within 60 days, we’ll reimburse your research fee.

Click here for your free Lemon Check from Carfax.

GAP

GAP covers the difference between your primary carrier insurance settlement and the payoff of your loan or lease, less the delinquent payments, late charges, refundable service warranty contracts, and other insurance related charges. For example, if your car is stolen or totaled vehicle, we offer this service for a flat rate of $415.00 while dealers charge a percentage of the loan amount. GAP protection will pay the difference between an insurance settlement and the payoff balance of your loan or lease.

Original Purchase: $20,000
Loan amount after one year: $18,000
Insurance Settlement: $15,000
GAP Pays: $3,000

Auto Deductible Reimbursement (ADR)

This service is included in your GAP payment. ADR is just what it says—Auto Deductible Reimbursement. It pays up to $500 per loss (limit two losses per year) when claim is filed and paid with primary insurance carrier. Loss means an event for which the auto insurance company has approved & paid a claim which exceeds the covered auto deductible for a collision or comprehensive claim. Coverage is effective upon date of enrollment and will continue for 3 years.

Debit Protection Coverage

ECU’s Debit Protection Coverage protects your family in the event you become disabled or deceased and have trouble paying your debt. Most consumers do not carry enough life insurance to pay off all their debts, and with credit insurance your debt will be paid off.

Vehicle Extended Service Contracts

Put the brakes on expensive car repairs. A factory warranty may not be enough, plus most major repairs occur after the manufacturer’s warranty expires. Consider adding an extended service contract to your loan. Coverage obtained through the ECU may save you money when compared to dealer plans.

Available Features Include:

• Low Deductibles
• Roadside Assistance Reimbursement
• Car Rental
• Nationwide Protection
• Convenient Access to Services via Toll-Free Number
• Reimbursed Travel Expenses
• Increased Vehicle Resale Value

Why purchase an extended service contract?

Extended coverage can help you save money if your car ever need to be repaired and your manufacturer’s warranty has expired. In addition, it could help if you re-sell your vehicle. Pre-owned car buyers look more favorable upon a vehicle that comes with coverage. It represents a vehicle that has likely been well maintained by its owner. Should the buyer decline the option to purchase your coverage, you can cancel and apply for a prorated refund.

How do you get an extended service contract?

Contact your ECU loan representative @ 806-358-7777 for more info.

Are you thinking about trading in your current vehicle for one that has better gas mileage? If so, click here to see if the fuel savings is cost effective for you and your family.

The U.S. Department of Energy (DOE) and U.S. Environmental Protection Agency (EPA) has published their 2014 Fuel Economy Guide. Click here for more information on fuel economy data for new and used passenger vehicles dating back to 1984, allows side-by-side vehicle comparisons, and offeres fuel-saving tips. Additionally, this Web site has information about the recently redesigned fuel economy label that goes on new motor vehicles beginning with the 2013 model year.

D&M Leasing, home of the EZ Lease is excited to have the opportunity to work with Education Credit Union Members. D&M Leasing has been assisting consumers with member-friendly leases that are affordable and fit members’ needs since 1976. D&M Leasing will find the right vehicle for you and negotiate pricing with the dealership, and will partner with Education Credit Union to provide your lease financing.

• Lease payments are generally 30-40% lower than regular loan payments
• Flexible lease terms from 24-60 months
• Select annual mileage to fit your personal needs
• Zero down payment*
• Flexible lease options available on both new and used autos
• Allows you to switch vehicles every 2-5 years**
• Convenience of making monthly payments directly to Education Credit Union

Contact Steve Ealy with D&M Leasing by email sealy@dmautoleasing.com or toll free (972) 239-2222 ext. 233. You can also contact an ECU loan officer by calling (806) 358-7777.

*With approved credit. **Member could be responsible for the difference between the automobiles residual value and its realized value at the end of the lease term, see leasing contract for full details.

Smart buying can help you meet your needs and reach your financial goals. ECU offers quick service and advice when you need it. ECU new or used vehicle loans offer a variety of rates and terms to fit your needs. Click here for current rate.

Get pre-approved. Pre-approval lets you know how much car you can afford and saves time when you find the one you want. Pre-approval helps you avoid purchasing based on “payment”.

Take your rate even lower if you have an active ECU checking account, which could lower your rate by .25%. Active checking account is defined as a minimum of 10 transactions per month and/or a net check direct deposit. Or set up E-Pay (electronic payment from any financial institution) and receive an additional .10%. Loyal borrower will receive an additional .10%. Loyal Borrower is defined as having a loan originated with ECU in the last 30 months or .15% if you have a Qwik Cash and/or credit card must have activity within the last 12 months. Reduce your rate by .15% if you have a current ECU mortgage or home equity. If you add loan products (min of two) Gap, Credit Life, Disability, and Service Contract you will receive an additional .10%. You may receive an additional .10% for receiving E-Docs (E-Statements, E-Notices … etc. A maximum of .75% will be allowed for each qualified loan.)