Why should you get pre-approved for your car loan?


 You get better interest rates!

As a not-for-profit financial institution, WCCU wants to get you the best interest rate possible and a payment you can afford. Our profits go back to our members through lower interest rates! We don’t mark up the interest rate, the way a middle-man might, in order to increase profit on the sale. And because we are a risk-based lender, our lending terms make sure the loan you get is one you can actually afford to pay back.


You protect your credit.

When a dealer finances your car loan, they often have relationships with many lenders, and they’ll have to perform a hard pull on your credit history at each lender to find a deal for you.  This can knock your credit score down in a hurry.

When you get pre-approved, WCCU pulls your credit report once, and that’s it for the financing! Your pre-approval is good for 30 days, so you can take your time and find the right new or used auto for you.


You increase your negotiating power.

When you have a pre-approved auto loan, you don’t have to negotiate a bottom line for financing with a dealer, because you already have it! Dealerships’ ability to promote offers that don’t benefit you is limited when you know you already have a great pre-approved offer.

You save money.

We aren’t getting paid a commission on your loan, and there’s no incentive to sell you something you don’t need or can’t afford.

Additionally, negotiating the total cost of the car instead of a monthly payment amount can keep you from add-ons you don’t want. Describing something as costing an extra $20 per month sounds different than adding $1040 to the cost of your vehicle.

We offer GAP & Extended Warranties!  Our products offer more benefits for less cost when compared to dealerships.  Additional benefits include:

  • $1,000 GAP Plus Protection towards your next financed vehicle’s principal in the event of a total loss
  • Auto Deduct Reimbursement – Up to twice a year, your Insurance deductible for auto claims can be reimbursed.  Not just for the car you have financed, but for any vehicle registered in your name.  Maximum reimbursement amount per claim is $500.00.

Mechanical Breakdown Protection (Extended Warranties) benefits include, but may not be limited to, the following;

  • Ability to customize your protection
  • Roadside Assistance
  • Rental Vehicle Assistance
  • Tire Hazard
  • Trip Interruption

Ready for MORE?