Saint Louis Banking Rates

5 Ways Arsenal Credit Union Drives Down Auto Financing Costs for Members

arsenal credit union auto financing

Banks and credit unions are becoming an increasingly popular choice for people looking to buy a car without the hassle, haggling and high interest that tend to go along with negotiating directly with a dealership. However, few financial institutions offer borrowers true savings leverage when it comes to making that new or used car purchase affordable.

Arsenal Credit Union gives each of its members the financial ammunition they need when it’s time to make their car purchases — in more ways than one. Take a look at five ways St. Louis residents can save money on an auto loan through the Arnold, Mo.-based not-for-profit financial cooperative.

Arsenal CU Offers More Ways to Save on Auto Loans

1. Low Interest Rates

Qualifying members can obtain a low 2.45% annual percentage rate on any new or used car, for up to 72-month terms; used cars must be no older than 2007 model years to qualify for this rate. Arsenal Credit Union will also finance taxes and any dealer add-on options — up to 125% of the MSRP for a new vehicle or the NADA retail value for a used car.

2. The Interest Refund Auto Loan

Arsenal Credit Union members who link their credit union checking accounts with their auto loans, receive e-statements and have loan payments electronically withdrawn from their checking accounts each month can get back the last year of interest they’ve paid after their auto loan is paid off in full. This offer applies to all borrowers with 48-month terms or longer for loans started after January 2011.

3. Sign Up for Auto Insurance Through Arsenal Credit Union

Members can finance their cars through Arsenal Credit Union and get discounted insurance through the credit union, as well. The TruStage Auto Insurance Program is a comprehensive casualty coverage policy that includes 24-hour claim access and convenient e-service capabilities that allow you to pay bills, change your policy or even report a claim.

4. Buy Your Car Through Arsenal Credit Union

Pick a vehicle through one of the more than 300 car dealers that belong to Credit Union Lending Systems (CULS) and receive financing from Arsenal Credit Union on the spot. In partnership with CULS, members can search for vehicles right on the Arsenal CU website.

Arsenal members can also search Enterprise Car Sales’ online inventory and stop by seven St. Louis-area Enterprise Car Sales locations where they can also apply, be approved and save on an Arsenal Credit Union auto loan.

5. Post-Warranty Coverage Savings

Save money on costly vehicle repairs through Arsenal Credit Union’s vehicle service contract through Route 66, a plan that covers expenses after your car’s warranty expires. Benefits include no deductible on covered parts or labor. Additionally, all of the plans offered through Route 66 come with car rental allowance and 24/7 emergency roadside service 365 days of the year.

About Arsenal Credit Union

The goal of Arsenal Credit Union is simple: to provide the best personal finance solutions, promote thrift and offer members the opportunity to manage their money and build their credit. People who live or work in select counties in Missouri and Illinois or in the city of St. Louis, employees of select companies and members of other select groups are eligible to open accounts and do business with the credit union.

With more than $200 million in assets, Arsenal has grown to be the 10th largest credit union in the St. Louis metro area.