AUTO LOANS
Financing That Puts You in the Driver’s Seat
Chicago Patrolmen’s Federal Credit Union can finance up to 100% of your next car at competitive interest rates and terms, or refinance your current auto loan up to 100% of the current value of your vehicle in order to reduce the interest rate. Our auto lending process is based on flexible underwriting, reduced documentation, and great rates.
Ask us how your auto loan qualifies toward Killed in the Line of Duty Loan Protection!
NEW AUTO
- Rates starting as low as 5.74% APR*
- Current, previous and forthcoming year models
- 7,500 miles or less and never been titled
- Financing available for up to 84 months
- Extended Warranty options available
- Gap Coverage available
- Life And Disability Debt Protection available
USED AUTO
- Rates starting as low as 6.74% APR*
- Cannot be more than 10 years old or have more than 115,000 miles
- Existing term remaining on the loan will be matched if refinancing from another lender
- Extended Warranty options available
- Gap Coverage available
- Life and Disability Debt Protection available
*APR = Annual Percentage Rate. Credit Restrictions apply.
There is a $100 titling fee for all auto loans financed with the Credit Union.
Write Your Own Ticket ®
Make purchasing a car easier with our great rates, fast application process, and a Write Your Own Ticket check that you can take right to the dealership* of your choice.
You don’t need to know what vehicle you’ll be getting, because we will provide you with a “blank” check. If your loan is approved, we’ll schedule you for a loan appointment right away.
- The financing period cannot exceed 84 months
- You must have a credit score of 700 or above
- The amount borrowed cannot exceed $49,999.99
- Check can be used at any licensed dealer located in the state where vehicle will be titled.
*Your “Write Your Own Ticket Auto Loan” check can be used at any licensed dealer within 60 days of issuance.
There is a $100 titling fee for all auto loans financed with the Credit Union.
BOAT
Sail through the hassle of purchasing or refinancing your boat with our easy and convenient application process.
- Rates starting as low as 8.49% APR*
- You must have a credit score of 700 or above
- Financing available for up to 84 months for new and up to 60 months for used boat loans
*APR = Annual Percentage Rate. Credit Restrictions apply.
There is a $100 titling fee for all auto loans financed with the Credit Union.
Motorcycle
Our motorcycle lending process is easy and convenient. You’ll get to enjoy the bike of your dreams at a competitive rate and term!
- Rates starting as low as 6.99% APR*
- 20% down payment required for loans greater than $25,000
- GAP Coverage available
- Life and Disability Debt Protection available
*APR = Annual Percentage Rate. Credit Restrictions apply.
There is a $100 titling fee for all auto loans financed with the Credit Union.
Rv Loans
Make that cross-town road trip a dream come true with our competitive rates.
- Rates starting as low as 5.99% APR*
- Class A, B, and C vehicles only
- Cannot be more than 15 years old or have more than 150,000 miles
- You must have a credit score of 700 or above
New Recreational Vehicle – 90% financing of the recreational vehicle purchase price in addition to tax, title and license fees. Vehicle invoice (must include any add-on features) to be utilized in determining value.
Used Recreational Vehicle – 80% financing of the recreational vehicle value, in addition to tax, title and license fees. Value to be determined from NADA Guidebook.
*APR = Annual Percentage Rate. Credit Restrictions apply.
There is a $100 titling fee for all auto loans financed with the Credit Union.
CHICAGO PATROLMEN'S FEDERAL CREDIT UNION ADDITIONAL SERVICES
Any and all vehicle prices continue to increase. At the same time, many borrowers want longer loan terms and are making smaller down payments. For these reasons it’s typical for a vehicle’s outstanding loan balance to be significantly higher than its actual cash value, especially during the first few years of the loan. If your vehicle is totaled or stolen, your insurance settlement will be based on the vehicle’s actual cash value, not the outstanding loan balance. This may create a deficiency balance or “gap.” You could be stuck paying hundreds – or even thousands – of dollars out of your own pocket to pay off the deficiency balance.
Now you can protect your vehicle and motorcycle investment with Guaranteed Asset Protection (GAP). GAP is designed to eliminate your unpaid net loan/lease balance in the event your vehicle is stolen or damaged beyond repair (totaled). Please contact us to speak with a representative if you are interested in GAP coverage.
Guaranteed Asset Protection (GAP) Informational Brochure
Protect your investment with the Credit Union’s extended warranty option which is often more competitive than dealership plans. Please contact us to speak with a representative about plans available for your vehicle.
Life and Disability Debt Protection allows you to safeguard your loan in times of uncertainty. With Debt Protection, your loan balance or monthly balance will be canceled without penalty or added interest in the event of death or disability.
SALES REPRESENTATIVE CONTACT INFORMATION
Fawn Larsen
312-499-8879 | 800-326-8814
Ext 8233
Denora Hall
312-499-8870 | 800-326-8814
Ext 8037
Tanya Kutuk:
312-499-8872 | 800-326-8814
Ext 8077
Car Buying RESOurces
GREAT OFFERS FROM THE CREDIT UNION
