You’ve talked to your friends, checked specs online and looked at which dealerships are giving incentives. In short you’re ready to get yourself a new vehicle. There’s one last step though. Before you go shopping, it’s important to get pre-approved for that new (or used) car or truck.
Getting pre-approved for a vehicle loan gives you a huge leg up when going into the dealership. You walk in knowing exactly what you’re qualified for, and gives you the upper hand in negotiating with the dealer. There’s no more worrying about the tricky four square sales technique the dealers use. Once they know financing is off the table, it’s just about negotiating the cost of the car.
No matter where you are in our service area – from Scappoose to Vernonia to Warrenton – All of our branches offer great low rates and can answer any question you have about the process.
Plus, if you get pre-approved at one of our branches or with through our U banking online or mobile banking, we offer much lower rates on Mechanical Breakdown Protection (MBP) & Guaranteed Auto Protection (GAP), and we also have competitive rates on Auto Insurance!
One final thing to keep in mind. Often times the dealership will get you to sign up for an indirect loan. That means you’ll still have a Wauna Credit Union auto loan, but it’s originated at the dealership. Sometimes this can impact the services you’ve already agreed upon when you got preapproved. Since you are already pre-approved, you can simply tell them no thanks, and go with your direct loan from the credit union.