Auto Loans Frequently
Why get my car loan
at a credit union?
Nationally, credit unions are among the most competitive vehicle
lenders. We're not-for-profit, so our focus is on member
service, not the bottom line. That allows us to typically offer
lower loan rates and fewer fees than the competition. We're also
owned by the very members we serve, so you know you'll be
treated like more than just a customer. You are an owner, and it
is our goal to make you feel that way whenever we can.
Is it safe to apply
for a loan on this Web site?
Absolutely. Everett Credit Union uses state of the art
encryption technology to ensure your loan application and
personal information remains secure. Upon retrieval of this
information, we will handle your application with the same
confidentiality we administer to all personal documents.
What does the
phrase 'upside down' mean when referring to owning a car?
A borrower is 'Upside Down' on their auto loan when they owe
more than the vehicle is worth. This typically happens in the
early months of a loan, especially when little or no down
payment has been made. One of the key disadvantages of being
upside down comes from an insurance perspective. If your vehicle
is totaled, your policy may only cover the worth of the vehicle,
and not necessarily the full balance of your loan.