New, used or refinance … let’s get you on the road.
Velocity offers financing on a wide range of new and used automobiles and light trucks. New vehicles can often be financed with little or no down payment, depending upon credit qualifications. And we finance used cars and trucks up to 10 years old. Check out our rates and complete disclosures.
Getting your loan at the Dealership
Velocity has relationships with many major auto dealers in central Texas. In most cases, you can apply, receive a fast approval, and close your loan right at the dealership — the ultimate in convenience! Be sure to ask your dealer to arrange your financing through Velocity Credit Union. Even if you’re not a current member of Velocity, we’ll be happy to process your loan application and show you how to become a member right on the spot.
GAP
If you’re like many consumers, you might owe more money on your auto loan than your vehicle is actually worth. Because most auto insurance policies only cover the actual market value of the vehicle at the time of the loss, you might be out of luck if your car is totaled in an accident, or stolen and never recovered. Your insurance company’s settlement might not pay off the loan in full, which leaves you with a balance of hundreds or thousands of dollars on a vehicle that you can no longer drive.
Velocity Credit Union offers a program called GAP to address this problem. By purchasing GAP with your Velocity auto loan, you are protected from financial loss due to any “gap” that might exist between a vehicle’s value and your loan balance. If your financed vehicle is totaled or stolen, GAP will pay most or all of any difference between the insurance settlement and the loan balance.
Contact us and we’ll send you more information about GAP.
Are You Prepared for Unexpected Vehicle Repairs?
Major Mechanical Protection (MMP)* can help protect you from the cost of unexpected repairs. MMP is often much less than the cost of a single repair. By adding mechanical protection, you can protect yourself from costly repairs and gain peace of mind knowing your protected for the road ahead.
Debt Cancellation
Providing you peace of mind by managing your protected loan when a covered event occurs.
*Disclosure: Your purchase of a Major Mechanical Protection contract is optional. Plans are available for most new and used domestic and imported vehicles. Speak to your service representative for vehicle eligibility criteria and more details. Major Mechanical Protection is considered insurance coverage in some states.