Auto Loans

Time for that new car??? Auto rates as low as 2.15%*!!!

Need a new car? Need another vehicle for family? With rates as low as 2.15%*, here at The Southern, you can get pre-qualified so you know how much your current trade-in is worth before you shop. We are here to help. We offer competitive rates, as well as Extended Warranties and GAP Protection. GAP insurance covers the difference between the asset value and the amount covered by the insurance policy. Make payments easy with Bill Pay or Payroll Deduction.

*2.15% Annual Percentage Rate (APR) is limited to new automobiles, which include 2018 – 2020 model year vehicles. Qualifying vehicles must have been purchased within 90 days from the date of loan origination. Those vehicles titled more than 90 days from origination will be considered used automobiles, in which case regular rates would apply. 2.15% APR is limited up to and including a maximum of 24 months of repayment. May include coupon if offered.

Don’t Let 0% Trick You

0% sounds like a great deal, but did you know that you will likely save more money with a low rate auto loan. How??? It is all in the dealer rebate. If you take the rebate instead of the 0% and get a low rate auto loan from The Southern, the interest accumulated over the life of the loan is typically much less than the rebate.

The Southern Dealership
Cost $20,000 $20,000
– Rebate $2,750 $0
+ Title Ad Valorem Tax 7.0% $1,400 $1,400
– Down Payment $3,000 $3,000
Total Financed $15,450 $18,200
Monthly Payment* $355.77 $379.17
Finance Charge $1,626.93 $0
Total Cost $17,076.93 $18,200.00

Amount Saved $ 1,123.07 with The Southern

*Based off The Southern Credit Union 48-month 5.00% Annual Percentage Rate vs. dealership 48-month 0.00% Annual Percentage Rate. Rates are subject to change and based off credit rating and term. Note: Calculations are approximate and for example purposes only.

More benefits of choosing a Southern Auto Loan are:

  • Most 0% rebates will require a large down payment and exceptional credit history. We’ll work with you to get you the best rate possible.
  • You’ll get the choice of the car you want.
  • Any loan add-ons likely will require a re-price to a higher rate.
  • Remember, driving a car off the lot instantly depreciates it’s value. A rebate will help keep the “off lot” value equal to the current borrowed amount.

If you are in the market for a new or used car, call The Southern Credit Union, first. We can help you through the entire purchasing process. As a member, we take your best interests and make them ours and we work to get you a loan that fits your budget.

Our new auto loan rates are extremely attractive and our used auto loan rates are just tough to beat. Our goal is not to get you a loan and get you out – it is to get you a loan with a great rate and terms that are right for you and your budget.

  • No application fees
  • Competitive rates for new and used vehicles
  • Generous terms
  • 100% financing on the MSRP price of new vehicles
  • 100% financing of NADA retail price of used vehicles
  • No pre-payment penalties
  • Easy application — simply call, come by or go online

Click here for rates and terms on The Southern auto loans.

Click here to apply for a new/used auto loan.

Insure your auto loan with GAP Insurance. It can make a difference

For what amounts to just a few dollars per month, GAP insurance can save you from making loan payments on a car, truck or other vehicle that’s beyond repair, or stolen and not recovered. This insurance is designed to pay the difference, (i.e., the GAP) between what you owe on the vehicle and what the vehicle is worth at the time of the incident.

It’s easy to protect your vehicle; just ask for GAP Insurance when you apply for your vehicle loan. If you already have an auto loan with us, GAP Insurance may be added at any time. The total cost is just $399.

Get security for financial loss with GAP Insurance:

  • Protection for the term of your loan, up to 84 months.
  • Coverage or vehicles valued up to $100,000 at the time of purchase.
  • Payment of benefits up to $50,000.
  • Coverage for auto insurance deductibles as part of the GAP claim settlement up to $1,000 and where allowed by law.
  • Benefits for new or used vehicles, including cars, light trucks, motorcycles and some other motorized vehicles.

If you have questions about GAP Insurance or want more information regarding this coverage, please call The Southern’s loan department at (770) 719-1111 or 1-800-338-5882.

Extended Warranties

Ask about purchasing an extended warranty. It provides the peace of mind that comes with ownership.

Pre-approval and Shopping Tips:

  • Get your auto loan pre-approved before you start shopping
  • When you shop with a pre-approved loan it’s like shopping with cash – so you can negotiate from strength
  • The amount you pay for a vehicle makes a greater difference in your monthly payment than the interest rate on your loan