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.
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.
2 Mechanical Repair Coverage is provided and administered by Consumer Program Administrators, Inc. in all states except CA, where coverage is offered as insurance by Virginia Surety Company, Inc., in NH, where coverage is provided and administered by Consumer Program Administrators, Inc. dba Consumer Warranty Program Administrators, in TX, where coverage is provided and administered by Consumer Program Administrators, Inc. dba The Administrators of Consumer Programs (TX License #175), in FL and OK, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), and in WA, where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., all located at 175 West Jackson Blvd., Chicago, Illinois 60604, 1- 800-752-6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc.
The purchase of Mechanical Repair Coverage is optional. This document provides general information about Mechanical Repair Coverage and should not be solely relied upon when purchasing coverage. Be sure to read the Vehicle Service Contract or the Insurance Policy, which will explain the exact terms, conditions, and exclusions. Coverage varies by state. Replacement parts may be new, used, non-OEM or remanufactured of like kind and quality.
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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