Upgrade Your Ride with Ease
Outgrown your teenage dreams of oversized spoilers? Or perhaps your family is expanding, and you need a bigger vehicle to keep up. Whatever your reason for a new set of wheels, we've got the solution.
As your ultimate destination for auto loans, we provide all the tools necessary to streamline your car-buying journey. Explore our offerings below and experience the simplicity of upgrading your ride.
Budget
Financial Calculator
Before buying your new vehicle, see where your monthly loan payment will fit into your budget using our helpful calculator.
Insure
Bridge the GAP with Total Loss Protection
From the moment you drive your vehicle off the lot, its value begins to decline. On average, you can expect a 20% depreciation immediately, followed by approximately 15% each year for the next four years.
If the unthinkable happens – your vehicle is stolen or damaged beyond repair – you could be left with a significant financial gap. Your insurance payout may fall short of covering what you still owe on your loan or lease.
That's where Guaranteed Asset Protection (GAP) coverage steps in, providing peace of mind and potentially saving you thousands of dollars. It bridges the divide between what you owe and what your insurance deems your vehicle worth. Plus, it helps you get into your next vehicle by reducing your loan at the credit union by $1,000.
Here's an example scenario:
Loan or lease payoff: $20,000
Insurance payout: -$16,000
Insurance deductible: -$500
Your responsibility without GAP: $4,500
GAP coverage steps in to cover: $4,500
Result: You owe nothing after GAP*
Our GAP comes with Auto Deductible Reimbursement (ADR) for the first 2 years. If you suffer a loss during the coverage period covered by your auto policy, you may be entitled to reimbursement of the covered auto deductible. Reimbursement will be equal to the covered auto deductible on the auto policy, up to $500 per loss. Product covers the vehicle purchased AND ALL OTHER vehicles the member owns and insures.
Most vehicles are eligible for GAP coverage, and you can typically include it in your vehicle loan payment. Reach out to your SMW Loan Officer today for further details, or view our informational guide.
Discover Peace of Mind with Route 66 Extended Warranty
Don't let unexpected mechanical breakdowns catch you off guard. Route 66 Extended Warranty offers you the protection you need to stay on the road worry-free. Whether it's a sudden repair or rising maintenance costs, we've got you covered.
Why Choose Route 66?
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$0 deductible.
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24/7/365 Roadside Service.
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Rental car benefits.
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30-day money-back guarantee.
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Nationwide coverage.
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Fully transferable.
- Items included: Towing, flay tire assistance, battery jump-starting, lock-out service, concierge service, minor adjustments.
No matter your vehicle's make or model, comprehensive coverage from Route 66 ensures you enjoy your ride without the stress of potential breakdowns. Even the most reliable vehicles can encounter issues, but with Route 66, you're prepared for anything.
Take advantage of Route 66's Open Enrollment and add coverage at the time of purchase or anytime during your vehicle's lifespan. Whether your car is still under manufacturer warranty or not, there is a plan tailored to your needs. Don't risk being left without coverage – choose a Route 66 Extended Warranty today! Contact our team or view our brochure to learn more.
MRC coverage is available even if your auto loan is not with SMW FCU.
*Subject to certain exclusions and benefit limitations.Your purchase of Guaranteed Asset Protection (GAP Plus), which includes auto deductible reimbursement (ADR), is optional and will not affect your application for credit or the terms of any credit agreement you have with us. This summary is a brief overview of the program and is not to be considered a full disclosure of policy terms. Please refer to the Terms and Conditions for complete, conditions, limitations, definitions, and exclusions.
