Vehicle & Motorcycle Loans

 

            Buying a vehicle is a big financial step!  That is why it is important to us to provide members with valuable information in order for them to be successful in making a good deal.  Please Read the Be Prepared Section Below before making your special purchase.

NEW Vehicles, Program Vehicles, & Motorcycles, & Program Vehicles:

·        Financing:  100% of the Purchase Price

·        Maximum Amount:  $60,000.00

·        Terms:  Up to 72 Months for Vehicles Valued $25,000.00 & Greater                      Up to 60 Months for Vehicles Valued Under $25,000.00

·        New Defined:  Less than 1 Year from the date it went into service.

·        Motorcycles Defined:  Motorized Street Bike Licensed for Highway Use.

USED Vehicles & Motorcycles:

·        Financing:  100% of the NADA Trade-In-Value

·        Maximum Amount:  $50,000.00

·        Terms:  Up to 60 Months = Current to 3 Years Old Models                                     Up to 48 Months = For 4 to 5 Years Old Models                                                Up to 36 Months = For Models Over 5 Years Old                            

·        Motorcycles Defined:  Motorized Street Bike Licensed for Highway Use.

Loan Rates:  Please refer to our Loan Rate tab.

Loan Approval:  All loans are subject to credit approval and are based on current policies and procedures.

Loan Officers:  We have 3 Loan Officers Available to assist you with your lending needs.

·        Cathy St. Aubin

·        Lisa Dore

·        Diane Lantier

Be Prepared:

            Being prepared will give you an advantage to make a better deal on your purchase.  Before you make a purchase, do your research as suggested below: 

·        0% Financing versus Rebates:         Are you getting the best deal?  Take a closer look!  …You have seen the advertisements or perhaps you are in the market for that new car and have been offered 0% financing!  Sounds great, however, what you probably don’t know is that if you choose to do your financing with another institution you can take the cash rebate and apply it to the purchase price.  Also, 0% financing only applies to certain models and is for a shorter term to qualified borrowers.  Less than 25% of consumers actually get approved for 0% financing.  Take a look at the following table to see how taking the rebate and financing and financing with St. Jules Credit Union can bring you additional savings.

  Dealer Financing St. Jules Credit Union Financing
Loan Rate (APR) 0.00%                       4.90%                                 6.50%                             6.90%
Term of Loan in Months 36                                 60 36                                       60
Price of Vehicle $20,000.00            $20,000.00        $20,000.00                 $20,000.00
Down Payment/Trade-In $  2,500.00             $ 2,500.00 $  2,500.00                 $  2,500.00
Dealer Rebate N/A                              N/A $  2,000.00                 $  2,000.00
Amount of Loan $17,500.00             $17,500.00 $15,500.00                 $15,500.00
Monthly Payment $      486.11            $     329.52 $     475.18                 $     306.28
Total Amount Paid $17,500.00             $19,771.05 $17,106.26                 $18,376.78
  Total amount saved by choosing Credit Union financing: $     393.74                 $  1,394.27

 

·        Get Pre-Approved – Set a budget of how much you would like to spend on a monthly basis.  Submit a completed loan application at St. Jules Credit Union so that we can pre-approve your loan before you begin to shop.  Loan Applications are available Over the Phone, In Person, & per our website…Refer to our Application tab.

 

·        Determine the Type of Vehicle:  Decide what type of vehicle will best fit your needs, wants, and lifestyle.  Then research the vehicle by reading safety information, and expert reviews.  (For this information…Refer to our Links tab)

 

·        Trade-In-Values:  Determine a fair price on your vehicle trade-in.  (For trade in values….Refer to our Links tab)

·        Take a Test Drive:  Before you make an offer on your vehicle purchase, make sure you test drive the vehicle.  Focus on your needs and determine if it has what is important to you…. comfortable seating, smooth riding, noiseless, nice sound system, leather or cloth seats, and etc.

 

·        Insurance Quote:  Vehicles that are financed will require full insurance coverage (liability & collision) for the life of the loan.  Determine if the insurance fits your budget before you purchase.  Contact your insurance company and request an insurance payment quote.

 

·        Negotiate Your Price:  You have to work on getting your best deal, so don’t be afraid to negotiate your price.  New:  The sticker price on the vehicle is negotiable, and rebates are often available.  Used:  Determine the retail & trade-in values and negotiate your purchase price in between…you determine a fair purchase price.  Negotiate your price, but remember also to stay within your budget.  (For trade-in values…Refer to our Links tab)

     

·        Contact St. Jules Credit Union:  Set up an appointment to complete your loan.

……………….ENJOY YOUR NEW PURCHASE!               

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1600 N Bertrand Drive Lafayette, LA 70506
(337)261-1151 Fax: (337) 261-1397