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Auto Loans

Buying a vehicle is a major purchase in anyone’s life and we are here to make the process easier. We pride ourselves in offering fast, straightforward funding with competitive rates and excellent terms. Whether it is your first car or your dream car, we can help you drive away knowing you got a great rate.

Auto Loan Details:

  • Amount available for financing based on value
  • Rates as low as 3% APR
  • Up to 84-month term
  • Member may defer up to 2 payments at time loan is opened

Add on to your loan:

During the term of a loan, additional amounts may be borrowed and added to the outstanding balance providing the loan balance is $200 below the maximum loan limit allowed for that category and the loan balance does not exceed the value of the collateral. However, if the current rate is less than the original loan rate, then the loan will remain at its original rate.

If you are interested in learning more speak with your local credit union director or contact Energize directly at 405-478-0046 or admin@energize.coop.

Apply Now Dealer Financing vs Credit Union Financing Calculator

Loan Protection and Tools

GAP

Autos and Sport Craft $250.  Very similar to what dealers offer. Gap protection covers the difference between the sale price of your new car and its depreciated value. This added protection makes up for what your regular insurance policy won't cover, if you were to have an accident or lose your car to theft.

How GAP Works

Loan Payoff $15,000
Insurance Settlement Check $-11,500
GAP Difference $3,500
GAP Insurance Payment $3,500

If your vehicle is totaled and you owe more than it’s worth, this coverage helps ensure you receive enough to pay off the loan.

GAP coverage could save you thousands of dollars and costs only pennies a day. Our $250 price is guaranteed lowest you will find.

The Energize GAP Plus also includes $1,000 to cover your insurance deductible. Ask us for more details at (405) 478-0046.

Gap Plus Brochure Importance of Financial Protection

Mechanical Repair Coverage

Will you be able to afford the repairs needed to keep your car on the road? 

Mechanical Repair Coverage (MRC) can help you limit the cost of any covered breakdowns, and you pay only the Deductible, if any.  Available for New or Used Vehicles, with optional Coverage levels, and substantial savings versus the Dealer.

Brochure Plans FAQs

NADA

We can pull an NADA report for you at no charge.

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CARFax

We can pull a CarFax report for a $20 Fee.

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The Dealer Said I Qualified for the 0% Interest Rate

Take a long look at how much you'll be financing. Often you can save more money by taking the cash incentives the dealer offers. When you finance your new vehicle through Energize, you'll be saving even more with our low loan rates!

You might also add a link to the Should I take the rebate or special financing calculator? On the section you create for 0% financing.

Myth Truth
With 0% financing, I’m guaranteed to get a good price. Although it’s not true in all cases, a disreputable dealer offering 0% financing may inflate the price of a vehicle to make up for lost finance charges, or make it more challenging to negotiate a lower vehicle price. A reputable dealer will allow you to negotiate the best possible deal before applying the 0% finance to your sale. Get in the know before you buy and do your homework on vehicle pricing.
0% is good on long-term loans. Sometimes the length of loan term affects the rate offered. Although there are exceptions, if you choose a more conventional four or five-year term with smaller monthly payments, you may end up paying interest on your vehicle loan. Ask upfront about the length of the loan term available with 0% financing.
0% is available for the car I want. With 0%, your choice of vehicle options can be greatly limited. Most 0% deals apply only to the vehicles on the lot and may not include special option packages or premium models. Plus, the most popular vehicles and new models are typically not available with 0% financing. Keep in mind, if you have your heart set on a particular make or model, you may not be able to get it without paying interest.
I can use the cash rebate and 0% to save more. Unfortunately, most auto manufacturers offer a choice between a cash rebate or interest-free loan—not both. If you opt to take the special financing, you can lose out on thousands of rebate dollars. Do the math ahead of time to find out what would save you more money, the rebate or the financing.
I’m sure I’ll qualify
for 0%.
Not everyone qualifies for the 0% rate. It’s sometimes reserved for buyers with the best credit, which usually means only one out of 10 people are eligible. Also, you may need to reach a certain annual income level to qualify. Find out upfront if you meet the requirements for 0% financing.
With 0%, I don’t need to worry about price. Think 0% financing means you’re already saving all you can? Think again. Even if you qualify for the 0% rate, you can save even more money by shopping smart, negotiating your vehicle’s final price, and taking advantage of any additional incentive offers. Watch your bottom line and don’t leave money on the table.