Auto Loans | Gas & Electric Credit Union

An Auto Loan for Every Budget

Great Rates, Great Service. That’s our auto loans in a nutshell. We are here to get you the best deal around and make the process quick and easy! We offer flexible terms matched with competitive rates, which equals low payments for you. Find a lower rate? We want to know about it and will do our best to beat or match it!

Fast and Convenient

Apply online, in person or over the phone. Applying and approval is fast and convenient.

Apply for an Auto Loan

Protection Against the Unexpected

We offer a full range of products at a price that is much lower than you’ll find elsewhere.

GAP Coverage

GAP (Guaranteed Asset Protection) is a great way to protect your finances if the value of your vehicle is less than the amount of your car loan. A good rule of thumb is to assume your new vehicle will lose on average 19% the first year you own it, half of which occurs immediately after taking possession. This leaves a "gap" between what you owe on your vehicle and what you owe on your loan and the value of your vehicle. In the event of the total loss due to an accident or theft, GAP is designed to cancel the difference between what you owe on your loan and the amount paid by your primary auto insurer. You also get Deductible Assistance with the purchase of our GAP coverage. Deductible Assistance cancels your part of debt when a comprehensive or collision claim is paid and a deductible is incurred.

Mechanical Breakdown Protection

Help deflect some risk of costly future, covered repairs keeping your vehicle running for extra miles and extra years. With different coverage levels and deductibles to choose, there's a plan to fit every budget.

Good at any authorized repair facility in the US or Canada.
Rental reimbursement (up to $35 a day for 1-5 days, 1-10 days for part delays, available on the first day of covered repair).
24-hour emergency roadside assistance. Up to $100 per use. Includes towing, battery jump start, fluid delivery, flat tire assistance and lock-out service.
Travel expense reimbursement. Up to $200 per day 1-5 days for food, lodging and rental when a breakdown occurs more than 100 miles from home.
Transferable. Increase the resale value of your car. Only if sold privately. Subject to transfer fee.
Change your mind? You may cancel and receive a full refund within the first 60 days less an administrative fee.
No out of pocket expense at time of repair (except deductible and any repairs not covered by the policy).

Get a Mechanical Breakdown Protection Quote!

Debt Protection

Life can get complicated when unexpected things happen. Protecting your loan balance or loan payments against death, disability, or involuntary unemployment could help protect your finances. Debt Protection adds life events such as accidental dismemberment, terminal illness, hospitalization, family medical leave, and the loss of life of a non-protected dependent. Protect your loan today so your family can worry a bit less about tomorrow.