Vehicle Loans
ACU finances for up to six year and up to 100% of the purchase
price on a loan secured by a vehicle, new or used. You can apply
online at any time to take advantage of our great
rates, fast approval and home town service.
In addition to a lien on a vehicle title, a mortgage on your home
is recorded for the amount of the loan. This gives possible tax
deductibility. Please consult your tax advisor for details on eligibility.
The loan rates are the same as those listed on the "Vehicle
Rate" Tables. However, consider the tax savings affect
on your interest rate if you qualify for tax-deductible interest
on a Tack-On Mortgage/Vehicle loan at ACU.
Example of Auto rates per the following tax brackets:
| Federal
Tax Bracket 28% |
Federal/IA
Tax Bracket 33% |
| Loan Rate |
Effective Rate |
Auto Rate |
Effective Rate |
| 4.89% |
3.52% |
4.89% |
3.28% |
| 5.49% |
3.95% |
5.49% |
3.68% |
| 6.25% |
4.50% |
6.25% |
4.19% |
| 7.24% |
5.21% |
7.24% |
4.85% |
Consult your tax advisor.
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New and Used Vehicle Price Guides *
Make your best deal by calling or stopping
by the credit union and obtaining the information in these guides.
Guides for used motorcycles and personal water craft are also available
at our offices.
*By clicking these links you will be leaving
Alliant Credit Union's web site. The links are meant for entertainment
and education and do not constitute an endorsement of any kind.
The Credit Union has no control over the content offered by these
sites. Thank you.
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Don't Risk Buying the Wrong Used Car
Do you know if the used car you are about to purchase has a hidden
problem in its past? Was it totaled and rebuilt, damaged in a flood
or had the odometer rolled back? A CarFax ® Vehicle History
report identifies whether a used car or truck has hidden problems
like these that can affect its safety, performance, and resale value.
Reports from the website can be purchased via credit card for $11.25.
Phone requests are $18.00 and will be mailed or faxed to you.
How do you get a CarFax report? Credit union members can call CarFax
for Credit Unions toll-free at 1-888-888-1615 or visit www.carfax4cu.com
on the Internet to request a report. Vehicle histories are traced
using the 17-digit Vehicle Identification Number (VIN) found at
the top of the driver's side dashboard and on title documents of
the car, so make sure you have that number handy.
Before you make that important used-car decision, get a CarFax
report. Then, after you have selected the right car or truck for
you, check into the low rates and convenient
terms of our used-vehicle loans. Call Alliant Credit Union
at 1-800-928-4328.
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Take time to protect your investment by purchasing a Vehicle Service
Contract (VSC). This product provides excellent on your vehicles.
- Bumper to Bumper coverage available on new and used vehicles.
- Towing/Road Service, Lost Key/Lockout Service, CarRental/Trip
Interruption Benefits.
- Protection against the skyrocketing costs of future repairs
- one claim could easily pay for the entire cost of the coverage.
- Your choice of repairing facility (dealer preferred).
- Ease of purchase - a Vehicle Service Contract can be added to
your vehicle loan.
- Seals and gaskets are covered on components listed for your
new and used vehicle.
- Fully transferable coverage should increase the value of your
car at the time of resale.
- Replacement or repair of covered components which fail under
normal service or wear beyond the field tolerances allowed by
the manufacturer.
- Battery service on bumper-to-bumper coverage.
The average family drives 18,000 - 20,000 miles per year. In this
amount of time, your vehicle may be out of manufacturer's warranty
in less than 2 years.
Calculate GAP and Extended Warranty through Cuna
Mutual Calculator
Example of Extended Warranty Benefits:
You're on vacation four years from now, driving cross country, over
100 miles from home and you experience transmission problems. You
have your vehicle towed to a licensed repair station. They tell
you it is going to be a day or so to repair! So you rent a car and
check into a hotel. Food expenses and waiting for repairs to be
completed cost money.
| |
Actual
Costs with VSC |
Final
Cost without VSC |
| Transmission Repair |
$25.00 |
$1,368.00 |
| Towing |
$0.00 |
$45.00 |
| Car Rental |
$0.00 |
$65.22 |
| Hotel & Restaurant |
$0.00 |
$133.10 |
| Total Expenses |
$25.00 |
$1,611.32 |
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Guaranteed Auto Protection Advantage is a loan deficiency waiver
and is not offered as insurance coverage. The GAP Advantage program
offers protection against financial liability for individuals who
finance a new or used vehicle. GAP Advantage protects against financial
loss in the event that your vehicle is damaged beyond repair (totaled)
or stolen and never recovered. With GAP Advantage, the covered deficiency
balance is then waived. Additionally, you will receive $1,000 towards
the purchase of a replacement vehicle if you refinance with ACU.
What does GAP Advantage cover?
In today's vehicle market, during the first few years that you own
your vehicle, the loan balance can be higher than the actual value
of your vehicle, as a result of depreciation. As your vehicle's
value declines, your loan balance can be significantly higher. If
your vehicle is stolen, or totaled in an accident, you would be
liable to pay the difference between your insurance settlement and
your outstanding loan balance.
GAP Advantage covers the difference between the market value of
your vehicle and the loan balance, less delinquent payments, late
charges, refundable service warranty contracts and other insurance
related charges. In the event a deficiency exists, our program will
cover your insurance deductible up to $1,000.
For Example:
| Your vehicle's actual
cash value |
$13,000 |
| Your deductible (you pay) |
$1,000 |
| Insurance settlement (insurance
pays) |
$12,000 |
| |
| Loan balance after one year (you
owe) |
$15,000 |
| Insurance settlement (insurance
pays) |
$12,000 |
| GAP Advantage
pays the difference |
$3,000 |
| |
| *GAP Advantage
pays on next vehicle |
$1,000 |
*On replacement vehicles financed through Alliant Credit Union.
Without GAP Advantage coverage, you would be required to pay $3,000
in order to pay off your loan balance. Plus, you would not have
an extra $1,000 toward your replacement vehicle.
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Equal Housing Lender.
