Buying a car involves more than securing financing. From finding your perfect match to protecting your investment, a little research goes a long way! There are many things you can before and after you buy to ensure things go smoothly, and Spectrum Credit Union is here for you every step of the way.
We share resources to help you find a great deal and partnerships to help you save money too.
Do your research with Kelley Blue Book
If you’re still in the early phases of car shopping, Kelley Blue Book can help you narrow your search with its advanced Car Finder tool. If you’re further along in the car shopping
process, Kelley Blue Book can help you determine the true value of your new or used vehicle before you buy (or sell). Visit kbb.com for expert advice and peace of mind that you’re getting a
great deal.
Get pre-approved for an auto loan
Getting pre-approved for your auto loan is simple. Click here to apply online before you begin car shopping. To speak with a customer service representative, stop by your local Spectrum Credit Union branch, or give us a call at 800-782-8782. For those outside the U.S., please call 510-251-6000.
Consult with Autoland
Autoland has been helping credit union members buy new and pre-owned cars since 1971. We partner with Autoland to offer you a personal Autoland consultant who can provide advice, tap into their expansive dealer
network to find the car you want, and negotiate the price on your behalf. They can also get you a great value for your trade-in.
Once approved for an auto loan with Spectrum Credit Union, Autoland will work with you to arrange the delivery of your new vehicle to your local Credit Union branch. Visit Autoland.com to learn more, or give them a call at 800-234-6999. Be sure to identify yourself as a Spectrum Credit Union member!
Auto insurance
We know how important your car is to you. That’s why we partner with Liberty Mutual Insurance to offer you great rates on high-quality auto insurance products.
Liberty Mutual Insurance was ranked 75th on the 2019 Fortune 100 and rated “A” (Excellent) for financial strength. Offering industry-leading insurance products at competitive rates, Liberty Mutual Insurance is a great fit for your insurance
needs.
As a member of Spectrum Credit Union, you receive a 5% discount1 on auto insurance policies with Liberty Mutual Insurance.
Guaranteed Asset Protection (GAP)
Guaranteed Asset Protection offers protection against financial liability when the amount you owe exceeds the market value of your car.
Within the first two or three years of ownership, your new vehicle will depreciate faster than the loan balance, leading to a gap between what insurance will pay in the event of a total loss and the amount you still owe to your lender. Guaranteed Asset
Protection coverage bridges this gap, protecting you from unnecessary out-of-pocket expenses. For example, if your loan balance is $15,000 but your insurance company will only pay $13,000 for a total loss, GAP will pay the $2,000 difference.
When you’re a member of Spectrum Credit Union, you get a 5% discount on Guaranteed Asset Protection through Federal Insurance Company, a Chubb company. And with no cash down, easy enrollment, and the option to bundle the premium into your monthly
loan payments, it’s an easy choice.
If you’re eligible for membership, we’re ready to hear from you. Not sure if you’re eligible? You can check if you qualify here.
Why join Spectrum Credit Union? Learn more.
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