New & Used Auto Loans
When you are ready for a new car or truck, the best place to start is to determine just what you want to drive. And the second-best thing to do is to know just where to go for your auto loan. SMW offers great auto loan rates, flexible terms, and easy application and repayment processes.
What could make it better? How about new car loans for more than the current model year? And local, friendly loan servicing? All of those define SMW’s signature service, whether you are looking for an auto loan for a new or used vehicle.
Get Pre-approved and Shop Like a Cash Buyer
What can you do to make your auto shopping easier? Get pre-approved for your auto loan. Once you are pre-approved for an auto loan, you have the advantage in making deals. You are effectively in the same bargaining position as a cash buyer and can negotiate for the best price for the vehicle you want. So, whether you are looking for an economical commuter or the car of your dreams, get pre-approved and take the wheel to get the best deal.
· New and used vehicles
· Model years 2022 – 2025 for new autos
· Finance up to 110% of any new vehicle price, including taxes, license, and warranty
· Flexible repayment terms available
· Automatic payments available from your SMW FCU checking or savings account
· Consider refinancing your existing auto loans for better terms
· Lease buyouts available
· Local decision-making and processing by your community credit union
· Attentive, friendly service from start to finish
Everyone deserves a bit of luxury, which is why at SMW you’ll get VIP treatment when it comes to your auto loan, no matter what kind of ride you have in mind.
FAQs
Do I need to know which car or truck I am going to buy before I apply for an auto loan?
No, you don’t need to know the specific vehicle you are going to buy. It can be helpful to know how much you think you will spend, but our loan officers can help you determine the amount that works best for your finances before or after you apply.
Is there a prepayment penalty on SMW’s auto loans?
No, you will not have to worry about extra fee if you decide to sell your vehicle and pay off your SMW auto loan early.
Can I use an SMW auto loan to buy a vehicle from a private seller?
Yes, you can use an SMW auto loan to purchase a vehicle from a private seller (often called a private party auto loan). This type of purchase still requires documentation and careful handling to avoid title scams and proper registration of the vehicle in your name. Contact us for guidance to help make this kind of purchase as smooth as possible.