Auto Loans

New or Used?  Rebate or 0% financing?  Salesman or Ebay?  There are so many options and seems like so little time to make a decision.  Remember the most important decision:  Your Credit Union First!  Always contact your CU loan representatives to find out if you are making the best deal possible.  Win or lose ... we are here to help you.  Financing with Section 705 should be your first choice because borrowing with YOUR Credit Union puts money right back into your pocket in the form of dividends!

We offer competitive financing rates and terms, along with very affordable GAP protection!  Any vehicle that is a current, future or 1 year old model with less 30,000 miles is considered "new" and would fall under the new vehicle financing guidelines!

NEW AUTO
*Maximum Amount 100% financing available
*Terms: 36, 48, 60, 72* and 84* months

*Minimum loan amount for 72-month loans will be $15000.00 if financing 100%. Minimum loan amount for 84-month loans will be $35000.00.  This amount may go lower if the total price of the automobile is higher due to down payment or trade in which lowers the total amount due.

USED AUTO
Vehicles up to one (1) year old with OVER 30,OOO MILES
Maximum Amount: Up to 100% of Black Book Retail Value 
Maximum term:       72 months

Vehicles two (2) years old
Maximum amount: Up to 100% of Black Book Retail Value
Maximum term:      66 months

Vehicles three (3) to four (4) years old
Maximum amount: Up to 100% of Black Book Retail Value
Maximum term:      54 months

Vehicles five (5) to seven (7) years old
Maximum Amount: Up to100% of Black Book Retail Value
Maximum Term:     36 months (see restrictions)

Vehicles eight (8) to ten (10) years old
Maximum Amount: Up to 100% Black Book Retail Value
Maximum Term:     24 months

*****RECONSTRUCTED AUTOMOBILES*****
This automobile will follow the same policy of a used auto, however the credit union will only finance up to 80% of the average retail value NADA, not including tax, title and license

Have you found what you were looking for? Great, but as always if you have more questions or maybe you need the Black Book value, feel free to logon to the Automobile Purchase Plan website (located on our home page), which will provide values for new and used autos, as well as rebate and dealer incentives and other general information that will enhance your auto buying experience.  And as always you can  contact us  for assistance. AND...don't forget you can apply online--A great way to start car shopping is to get preapproved, so why not APPLY TODAY .

Enterprise's Johnston Street location is now open. Call Tony at 337-993-2662 for auto and location information.  Watch your newsletter for Grand Opening loan specials!  Section 705 FCU welcomes Enterprise to the Lafayette market. 

Loan Coupon Books

You ask, You receive...it should be our motto since we act this way so often.  Coupon books are here and here to stay.  If you would like a coupon book on your monthly self paid loan, please contact Cassie and she would be happy to get one out to you.  Coupon books are a friendly reminder of when a payment is due...completely takes the guessing away.  Feel free to contact Cassie for any of your loan needs!