SDCCU Auto Loan FAQs

FAQS

Frequently Asked Questions

• How do I get a loan for a used car?

  Getting a SDCCU auto loan for a used vehicle is similar to financing a new vehicle. It is important to keep the vehicle’s age and mileage in mind because it may affect the loan term and interest rate. 
  
  You can apply for a SDCCU used auto loan online, by visiting any of our convenient branch locations, or by calling us at (877) 732-2848. 
   

• How do you calculate a car payment?

  Your monthly car payment is based on a few key factors: the loan amount, the interest rate, the loan term (length), and any down payment or trade-in value of your previous car. 
  
  The easiest way to estimate your car payment is to use our Auto Loan Payment Calculator. This tool can help you estimate your cost and compare options to ensure you stay in budget for your next auto purchase.  

• How do you get an auto loan online?

  You can apply for an auto loan with SDCCU in just a few easy steps. If you are already a member, simply apply through Internet Branch online and mobile banking. If you’re not a member yet, your first step is to become a member, then apply online, visit a branch, or call  us at (877) 732-2848.  
  
  We pride ourselves on offering flexible financing options to our members, including competitive rates and terms for auto loans. When you become a member, you gain immediate access to a variety of financial products and services designed to meet your needs as well as numerous members-only discounts to attractions and more. 

• How do you qualify for a car loan?

  To qualify for an auto loan from SDCCU, you will need to follow these simple steps:

  • If you are a member, apply through Internet Branch online and mobile banking. 
  • If you are not a member yet, you must become a member of SDCCU. Apply online, visit any of our convenient branch locations, or call us at (877) 732-2848. 
  • Let SDCCU do the work to see if you are qualified for an auto loan and at which rate you qualify. 
  • Shop for your car! If you are in the market for a new vehicle, check out our Signature Auto Buying Service. You provide the details of the new car you want and we'll locate it, negotiate the price, and coordinate delivery for you.

• How much auto loan can I afford?

  The amount you can afford depends on your income, expenses, credit score, and financial goals. A good rule of thumb is to keep your car payment within a comfortable percentage of your monthly income. To get a more precise estimate, try our How Much Car Can I Afford Calculator to help you determine a price range and monthly payment that fits your budget before you start car shopping. 

• What are the current car loan rates?

  You can view our competitive auto loan rates by visiting sdccu.com/autorates. 

• Do you have to be a member of SDCCU to get an auto loan?

  Yes, San Diego County Credit Union membership is required to apply for our auto loans. We pride ourselves on offering flexible financing options to our members, including competitive rates and terms for auto loans. When you become a member, you gain immediate access to a variety of financial products and services designed to meet your needs. Apply online, visit a branch or call (877) 732-2848 today.

• How long do you have to be a member of SDCCU to get an auto loan?

  There is no minimum membership duration before you can apply for an auto loan at SDCCU. When you visit the franchise dealership, inform them of your preference to finance with SDCCU. If approved, they can set you up for a membership and finalize your loan immediately.

• How can I make auto loan payments?

  SDCCU offers a variety of convenient ways to make auto loan payments. You can learn more by visiting sdccu.com/payments.

• What credit score do I need to apply and qualify for an auto loan?

  Your credit score is one of several factors that determine qualification for applying for an auto loan. Other factors that are considered for your car loan include debt to income ratio, how well you have managed prior credit and length of credit history. If you have a poor credit history, there may be steps you can take to improve your credit score. To learn more about credit management and understanding your credit report, visit sdccu.com/balance.

• What determines my auto loan rate?

  When applying for an auto loan, your auto loan rate may vary based upon the collateral, amount financed, loan term and your credit history.