Looking for a Vehicle Loan?
When you are in the market for a new or used vehicle, make Nebraska Energy Federal Credit Union your first stop. Cars, trucks, or SUVs – we can meet all your needs and save you money with low rates and flexible terms. You could even finance up to 100% of the purchase and additional funds to pay for taxes and licensing.
Did you say you already have a loan with another financial institution? Let’s talk about refinancing with us at a better rate. That means a lower monthly payment and more money in your pocket over the life of the loan.
NEFCU auto loans come with the following:
- Great Rates & Terms
- Option of up to 90 days to first payment. Subject to credit qualifications. NOTE: Interest will continue to accrue during the payment deferment period/90 days.
- Fast loan processing and approval.
- Debt Protection: coverage for involuntary unemployment and family leave.
- Guaranteed Asset Protection (GAP) w/Auto Deductible Reimbursement (ADR) as low as $499.00. GAP Insurance helps to fill the gap in the event a loss exceeds the value of the vehicle. ADR reimburses you up to $500 towards your deductible if your vehicle is repaired due to an accident.
- Route 66 Extended Warranty (MBP).
- Up to 100% financing including: Tax, License, MBP, and GAP.
- Easy-pay via Payroll Deduction, Automatic Payment, or Internal Transfer.
Apply Before You Buy - Get Pre-Approved.
Having your financing in place before you walk into a dealership is a big bargaining chip when it's time to buy. It gives you the freedom to put your hard-earned money to the best possible use, which is why working with us to pre-approve your loan is the best first step in your car-buying journey. Call or click to get started today!
Protect yourself from increasing your insurance premiums. Essential Coverage and Roadside Assistance
Protect the "gap" between the vehicles' value and the amount you owe on your loan.
When breakdowns happen - costs can add up. Affordable coverage for new and used vehicles.
NEFCU Vehicle Loan FAQs
I have financed my auto loan at another institution. Can I refinance the loan to the credit union?
You say you already have a loan with another financial institution? Let’s talk about refinancing with us at a better rate.
That means a lower monthly payment and more money in your pocket over the life of the loan.
What types of payment options does the credit union offer?
NEFCU offers the following payment options:
- Payroll deduction when offered by employer.
- ACH from another financial institution.
- Internal Transfer from an existing NEFCU account.
- Check/Cash using payment coupons.
Payments can be set up as:
Monthly
Semi-Monthly
Bi-Weekly
Weekly
What factors can affect my interest rate?
Credit Score
Salvaged Title
Age of Collateral
Classic Vehicle
How do I value the vehicle I am looking at purchasing/or refinancing?
NEFCU uses J.D. Power Guide for valuations.
What is a Loan Pre-Approval?
Having your financing in place before you walk into a dealership is a big bargaining chip when it's time to buy.
It gives you the freedom to put your hard-earned money to the best possible use, which is why working with us to pre-approve your loan is the best first step in your car-buying journey.
What fees apply when financing my vehicle loan?
NEFCU does not charge an application fee.
Members are responsible for title and registration fees. You will be required to pay a $40 title processing fee. These costs can be rolled into your total loan amount.
If the proceeds for a vehicle loan need to be wire transferred, members would be responsible for the wire fee.
What is the maximum amount I can borrow for my vehicle loan?
NEW VEHICLES:
NEFCU members may borrow up to 100% of the purchase price/sticker on a new vehicle. In addition, the credit union will add on for taxes, title, licensing, GAP, Mechanical Breakdown Coverage, and Auto Essentials Coverage.
USED VEHICLES:
NEFCU members may borrow up to 100% of the J.D. Power Clean Retail Value. In addition, the credit union will add on for taxes, title, licensing, GAP, Mechanical Breakdown Coverage, and Auto Essentials Coverage.
What steps are required once I receive my title?
Your loan officer will provide you the Security Agreement and a cover letter outlining steps for processing the title. You will be required to take the Security Agreement and Title to the Department of Motor Vehicles (DMV) or County Courthouse for processing.
Processing Requirements (some states may vary):
- Documents required: Security Agreement and Title.
- Title must be issued in borrower name(s).
- Nebraska Energy Federal Credit Union
must be listed as lienholder. - Title processing must be complete, and title returned to NEFCU within 15 days of date of vehicle purchase.