New and Used Auto

Loans for all your car buying needs.

Man hugging new car

Comprehensive services to fit your needs.

Educators offers competitive rates and terms, traditional leases, warranty service contracts and new and used car dealer referrals to help you find, finance and protect your vehicle.

Today's Auto Rates

Auto Loans

Vehicle Year

APR1 as low as

Payment Per $1000**

1APR = Annual Percentage Rate. Financing up to 105% of approx. retail value. Rates and payments are based on a 36-month term. Loan rate is based on term, credit score, as well as credit tiers. Qualify for the lowest rate with credit score of 670 or above. Rates are subject to change.*Other secured loans will be based off the Used Vehicle rate tier.

New

Vehicle Year

2020-2022

APR1 as low as

1.85%

Payment Per $1000**

$28.59

Used*

Vehicle Year

2012-2019

APR1 as low as

2.10%

Payment Per $1000**

$28.70

Older

Vehicle Year

2006-2011

APR1 as low as

5.95%

Payment Per $1000**

$30.42

Calculate Your Auto Payments

Time for a new vehicle? This calculator will show you the sweet spot between what you want and what you can afford.

Calculate your Auto Payments

Helpful Resources

  • Educators Vehicle Solutions

    Educators Vehicle Solutions

    Educators Vehicle Solutions is a program developed to save you time and money through every step of the car buying process.

    View the car buying services

  • man holding car key

    Car Buying Guide

    Learn all the ins and outs of car buying, from finding the perfect vehicle to negotiating a reasonable price.

    View the guide

  • couple driving car

    Refinance your current vehicle

    Reduce your payments by refinancing your current auto loan with Educators.

    Refinance your loan

Educators Credit Union is the best! I’ve encouraged others to open accounts and take advantage of special services. Plus, I’ve purchased three cars over the years with Educators and saved a lot of money in the long run.

– Sharon E.

More Detailed Information

To complete a purchase from a dealership, we will need a purchase agreement (i.e., purchase contract). The purchase agreement must have:

  • Your name
  • Vehicle 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® Vehicle History Report to members.

If you are purchasing a vehicle 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.
  • 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
  • Vehicle 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® Vehicle History Report to members.

If you have a vehicle loan through Educators, you must maintain comprehensive and collision coverage on your vehicle 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

To verify your income, please provide us with one month of your most recent pay stubs from your current employer. This can be:

  • Two pay stubs if you are paid bi-weekly.
  • Four official pay stubs if you are paid weekly.
  • One pay stub if you are paid monthly.

If you receive direct deposit to Educators Credit Union, and it matches the income amount you’ve provided on your application, we are able to verify your account using this information.

If you are self-employed, please provide us with your two most recent annual tax documents.

If you have rental income, please provide us with your two most recent annual tax documents.

Additional documents may be required.

  • When verification/proof of address is requested, please provide one of the following to your loan officer: recent paystub, recent tax documents, recent utility bill, valid driver’s license, or mortgage documents.
  • When verification/proof of social security number is requested, please provide one of the following to your loan officer: valid social security card, recent tax documents, recent W2, or recent paystub.

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