Auto Loans
At Thinkwise Credit Union, we offer various convenient options to complete your vehicle purchase.
Get pre-approved here before you shop.
We offer:
- Terms up to 84 months
- Financing available for up to 125% of vehicle value
- Guaranteed Asset Protection and Mechanical Repair Coverage in case of accidents or loss
- Debt protection plans
- No penalty for early payoff
Shop safe and smart with our FREE auto-buying service. If you know what make and model you are interested in, Auto Expert is perfect for you!
How it works:
- A representative will help you locate what you are looking for, down to features and color
- If you are an existing Thinkwise member, they will work with us and use your pre-approval information to start your loan application
- A representative will then bring the car to our branch so that you can see it and test drive it
- If you like what you see, we will complete the loan process, and you will be on your way with your new car
- Enjoy all the perks of financing with us and no dealership hassle!
Leverage our Credit Union Direct Lending Program to create a better dealership experience!
How it works:
- Use our CUDL search engine below to find a trusted dealer and research cars
- Get preapproved with us before you shop for a faster buying experience
- You may request information online or visit our trusted dealers in person
- Request Thinkwise financing and identify yourself as a CUDL credit union member
- The dealership will then work with us to complete your loan application and purchase!
Take a look at our trusted dealerships or build your own model here!
Thinkwise Auto Buying Guide
In the market for a new or used car? It’s a big financial decision, so it pays to take your time and do some research before you commit.
Try following these steps to make sure you’re getting a car you can afford and that will meet your needs now and into the future.
The Car-Buying Process
1. Set a budget
Before setting off for the dealership, determine what you can afford. Add up your monthly expenses and subtract the total from your monthly income. Look at what’s left, leaving room for savings goals. That’s roughly what you’re working with for your car payments, auto insurance, fuel, and related costs. Consider this amount when thinking of a monthly payment that you’re comfortable with. You can also take advantage of our calculator, “How much car can I afford?” Keep in mind that most financial advisors recommend spending 15% or less of your monthly income on car-related costs.
2. Weigh the pros and cons of new vs. used
New cars will cost more upfront, but you might get a lower interest rate on a car loan. (Note: We offer the same low rates for new and used vehicles). You can also expect to pay less on maintenance costs and enjoy a free warranty period. Plus, newer cars come with the latest safety and technology features. Opting for a used car can give you more options for your money, meaning you may be able to afford a more premium model. But you may not know its history and it may not come with a warranty. If you finance the purchase, you might pay a higher interest rate. Many experts say a good compromise is opting for a certified preowned car. These vehicles cost less than new cars, have low mileage, and come with a manufacturer’s warranty.
3. Research models and features
Make a list of qualities that are must-haves, such as large cargo space, a high safety rating, or long-term reliability. Then, seek out cars that match those needs and fit within your budget. From there, you’ll be set to start looking at cars in person. If you’re considering a used vehicle, keep in mind we offer a partnership with the online car-buying service, Auto Expert.
4. Test-drive cars
Try to drive all the cars you’re considering on the same day to better compare them. Make note of several qualities: make sure the car is comfortable, drives well on different road surfaces, brakes and accelerates to your liking, and has good visibility.
5. Secure financing
Car dealerships may offer their own financing, but you could be missing out on a better rate if you don’t do comparison shopping. Many dealers mark up their auto financing to boost profit, so chances are good that you could get a better deal from your local credit union. Securing financing, aka getting ‘preapproved’ before you shop can give you some leverage when you start negotiating.
6. Negotiate terms
When negotiating, consider the total price of the car, not just the monthly payment. Negotiating the monthly payment makes it easy for the dealer to sneak in extra costs for the lifetime of the loan. Clarify whether the price being discussed includes taxes and fees or not. Get a breakdown of any fees and be ready to walk if you feel like you’re being given a bad deal.
7. Review the paperwork
Check your documents carefully to be sure the final price includes everything you negotiated with the salesperson and there are no additional fees. If the paperwork has incorrect information or blank spots, wait to sign until they are complete and correct.
We want you to love your car and your loan!
We recommend you arrive at the dealership with a preapproved loan from us. We offer low rates and flexible terms for both new and used vehicles. Explore our rates and apply online!
Head to the lot with confidence: get pre‑approved with Thinkwise Credit Union before you shop.
Our low, fixed rates and flexible terms cover new and used vehicles, so the perfect payment is only a click away.
Love Your Car—and Your Loan
Low, locked‑in rates on every car—no surprises.
Flexible terms designed to fit your budget.
Lightning‑fast online pre‑approval, giving you the power to negotiate like a cash buyer.
Smart buyer tip: Even when you use one of our CUDL partner dealerships, the best safeguard against overpaying is solid research.