Auto Loans
Helping you hit the road with our flexible loan options.
Comprehensive services to fit your needs
Educators offers auto loans with competitive rates and terms, warranty service contracts, refinancing, and new and used car dealer referrals to help you find, finance and protect your next car.
Interested in buying a car?
Take a peek at our current auto loan rates below!
APR = Annual Percentage Rate. Rates are subject to change without notice. Actual rates, terms and/or loans amounts are subject to credit approval.
Other restrictions may apply. Call 262.886.5900 or visit www.ecu.com/rates for more information.
As low as = Not all will qualify for the lowest rate.
Our Loan Options
Drive off with an auto loan that fits you. Each option offers:
- Quick Apply: Apply online and get pre-approved in minutes OR log into your Online or Mobile Banking to check your pre-approval offers!
- Affordable Financing: With our competitive rates, getting the car you want is more affordable than ever.
- Budget-Friendly Start6: On all vehicle purchases we offer a 90-day no pay, allowing you time to adjust to a new monthly payment.
- Flexible Terms*: We offer terms such as 36, 48, 60, 72 and 84 months to help you find a low monthly payment that works for you.
- Personalized Experience: By choosing one of our loans, you not only get competitive rates, flexible terms, and the car of your dreams, but also a car-buying experience that’s easy, stress-free and personalized.
*These terms are for new, used, and refinance. Older cars 2016-2011 are 36 months or less.
See Examples.
New Auto: 2025-2027
Thinking about buying a new car soon? Then let us help you turn your dream of a new car into reality with our smooth, hassle-free process. Our new auto loans offer:
- Your term choices of 36, 48, 60, 72 and 84 months See Examples.
- No Money Down4 required to get your new set of wheels.
- Rate discount3 with your uChoose Rewards®2 points with sufficient points – ask your loan officer after applying!
- A due date that works for you – pick your due date5 during closing!
Get started today by getting pre-approved to help you stay on budget, lock in a good rate and find a term that fits you.
Used Auto: 2017 - 2024
Got your eye on a used car? We’ll help make it feel brand new – with affordable terms, and a loan process that’s quick, smooth, and fits your schedule and budget. Our used auto loans offer:
- Flexible Repayment Options of 36, 48, 60, 72 and 84 months See Examples.
- No Money Down4 required to bring home that “new to you” car.
- Rate discount3 with your uChoose Rewards®2 points with sufficient points – ask your loan officer after applying!
- A due date that works for you – pick your due date5 during closing!
Apply now to bring that “new to you” car home with confidence and peace of mind, knowing financing has been taken care of.
Older Auto: 2011-2016
Do you enjoy older cars and the classic feeling they can bring? If the answer is yes, then you’ll also enjoy the ease and simplicity that this loan process offers for your next car adventure. Our older auto loans offer:
- Affordable Financing with the option of up to 36 months.
- No Money Down4 required, allowing you to gaze at your classic dream car in the driveway sooner.
- A due date that works for you – pick your due date5 during closing!
Apply for an older auto loan to bring your “classic car” dream to a reality today!
Auto Refinance
Do you have a car loan that you want to refinance? Save money and lower your monthly payments by refinancing your current auto loan with Educators. An auto refinance with Educators offers:
- Flexible Repayment Options of 36, 48, 60, 72 and 84 months See Examples.
- Lower Monthly Payment Option with a new interest rate and term that better suits your budget.
- Rate discount with your uChoose Rewards®2 points – ask your loan officer after applying!
- Cash-out option7 to take advantage of the equity in your car for those everyday auto items that come around.
Get started today with one of our Auto Refinances and see how much you can save!
$5,000 new money required for in-house loan refinancing.
What you'll need
To complete a purchase from a dealership, we will need a purchase agreement (i.e., purchase contract). The purchase agreement must have:
- Your name
- Car information
- Vehicle identification number (VIN)
- Total purchase price.
Educators Credit Union offers extended warranties to members at up to 50% less than dealer pricing. We also offer a CARFAX® Car History Report to members.
If you are purchasing a car from a private seller, we will need a copy of the title:
- If the title lists a lien, we will need a 10-day payoff letter from the seller’s financial institution.
- If the title lists a lien but the seller says it’s been released, we will also need a copy of the lien release.
Information required on a 10-day payoff
- Account number
- Vehicle identification number (VIN) and description of the vehicle (e.g., year, make, model, trim, etc.)
- 10-day payoff amount
- Per diem (one day’s worth of interest)
- Address of where to mail the payoff check
To complete a lease buyout, we will need a full Lease Buyout Agreement. The Lease Buyout Agreement must have:
- Leasing company information
- Your name
- Car information
- Vehicle identification number (VIN)
- Purchase price
- Odometer statement
Please note, lease buyouts may not include the applicable Wisconsin DMV taxes and fees that are due. These may exceed the ‘purchase price’ listed on the Lease Buyout Agreement.
Educators Credit Union offers extended warranties to members at up to 50% less than dealer pricing. We also offer a CARFAX® Car History Report to members.
If you have a auto loan through Educators, you must maintain comprehensive and collision coverage on your car for the term of the loan. You must also provide Educators with proof of insurance. Give us your current insurance information quickly and easily at IMCOVERED.com.
PLEASE NOTE: Insurance cards are not permitted as proof of insurance.
What is acceptable proof of insurance?
Acceptable proof of insurance shows the following on the Insurance Declaration:
- Comprehensive AND collision coverage
- Liability insurance is required for older vehicle loans
- Deductibles for comprehensive and collision (not exceeding $1,000 as set by Educators Credit Union)
- Educators Credit Union listed as loss payee/lien holder as follows:
Educators Credit Union
P.O. Box 081040
Racine, WI 53408
- Correct collateral description including the year, make, model and complete VIN
- Borrower/insured name
- Policy number
- Coverage effective/renewal date
Car-Buying Resources
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Educators Vehicle Solutions
Educators Vehicle Solutions is a program developed to save you time and money by assisting you through every step of the car buying process.
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Auto Leases
Leasing can be a great way to drive off in a new car with affordable monthly payments.
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AutoWerks1 Pre-Owned Auto Sales
With a 16-year partnership, our relationship with AutoWerks runs deep. Visit our most preferred dealer at our Sturtevant location to view their current inventory.
Disclosures
1AutoWerks is an Educators Credit Union preferred dealership and is a separate entity from Educators Credit Union. Educators Credit Union does not sell cars and has no ownership of this dealership.
2uChoose Rewards® is a registered trademark of Fiserv, Inc. To learn more about uChoose Rewards®, log in to your online account.
3First mortgage home loans, credit cards, and line of credit loans are not eligible.
4No Money Down (or $0 down) payment required. Monthly payment, rate and term length are dependent upon credit approval. Other out of pocket fees such as taxes and registration at loan closing still may apply. If requested loan amount exceeds the collateral value, a down payment may be required.
5Pick your due date: Interest begins to accrue at the time of closing. Due date must be at least 30 days and no more than 45 days after closing date, unless 90 day no pay option is chosen.
690-Day No Pay: 90-Day No Pay requests are subject to approval. This program applies only to auto purchases. Refinances are not included. Interest will begin to accrue at the time of closing. A skipped payment may reduce any GAP protection claims on protected vehicles. Please consult your GAP policy for more information.
7Cash out option: Cash out financing is available up to 105% of the collateral value. Maximum cash-out limits may apply. Subject to underwriting approval.