Buying & Refinancing an Auto - East County Schools Federal Credit Union
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Auto Loans & Refinance

Move your Auto Loan to ECSFCU!

If you have a car you love, but a payment and interest rate that's too high, contact the ECSFCU Loan Dept (or click the Apply button above) and apply for an auto loan refinance today. See how much you can save each month with rates on new vehicles as low as 5.20% APR* and used vehicles as low as 5.40% APR*. Plus as an added bonus, make no payments for up to 90 days!

*APR=Annual Percentage Rate. Vehicle and Loan Applicant must qualify for the loan including verification of individual income. Rate shown includes 0.50% discount for automatic payments from an ECSFCU checking account. Automatic payments from any other financial institution receive a 0.25% rate discount. Actual rate and payment will depend on factors such as loan term, vehicle mileage, down payment (if any) and applicant creditworthiness. Mileage restrictions and other terms and conditions apply. Rates subject to change, these rates are effective 03/01/2024.

Auto/Truck Loan Pre-Approval

Save yourself time & money by having your loan approved before you shop for a vehicle. A pre-approved vehicle loan is valid for 90 days*. Pre-Approved financing can give you an advantage when bargaining for the price of the vehicle.

Most loan paperwork can all be done electronically. Even new credit union members can fly through the process. Get pre-approved by filling out a no-obligation application online or meeting with a loan officer in branch. Happy driving!

NEW or PRE-OWNED Automobile or Truck Purchase

New Vehicle Loans up to 100% financing total purchase price / 120% Invoice, not to exceed manufacturer's suggested retail price on new vehicles

120% of Kelley Blue Book wholesale value (including options) on pre-owned vehicles.

Our financing also includes sales tax, license, Credit Life and/or Disability, and low cost, high value MBP (Mechanical Breakdown Protection) and GAP (Guaranteed Asset Protection) policies. Our vehicle loans have great rates and low monthly payments.

  • Terms up to 84 months ($30,000 or greater)
  • Convenient, automatic payments from checking or by payroll deduction
  • Credit life and/or disability insurance at lower rates
  • Convenient 10 or 11 monthly payments per year if you need it

Refinance Your Vehicle

Is your car loan with another lender? Lower your monthly payment or improve the terms of your loan by refinancing with East County Schools FCU **

Auto Buying Assistance

We partner with New Cars Inc. to help you locate and purchase your next new or used car, truck, SUV or van. A representative is in our El Cajon branch to help you; they take the price haggling out of the purchasing, and will even deliver the car to you!

Receive up to 0.50% off** our already low rates if you finance your loan though ECSFCU and buy your new or used car through New Cars Inc. on qualifying loans up to 66 months and a 0.50% automatic payment discount by paying with an ECSFCU checking account or payroll deduction. Rates subject to change and effective 03/01/2024.

Find the current value of your vehicle

It’s easy! Whether you are looking to find the value of a vehicle you are considering to purchase, or need to find out how much you should get with a trade in, just sign on to Kelley Blue Book.

*Finance charges begin accruing as of the loan origination date.

**APR = Annual Percentage Rate. When you purchase a new or pre-owned vehicle through our auto buying partner, New Cars Inc., get 0.50% off your qualifying interest rate for loans up to 66 months, or 0.25% off your qualifying interest rate for loans 67-84 months. Rates may vary based upon credit history and loan term. (Example: $20,000 loan for 60 months at an APR of 5.20% will be $379.26 per month. Other rates and terms available. New Vehicle Loans up to 100% TPP / 120% Invoice. Pre-owned Vehicle Loans up to 120% KBB Wholesale. Add 2.00% for non-purchase vehicle loans. All loans subject to approval and rates are subject to change.

Guaranteed Asset Protection (GAP) Advantage with PowerBuyTM


GAP is an optional insurance policy, available for new and used vehicles, that pays the difference between how much is owed and what your insurance company pays if the car is declared a total loss or stolen. Unless you’re covered by GAP insurance, this financial shortfall, or GAP, could leave you owing thousands of dollars.

Your car’s actual value is the cost of the car when it was new minus depreciation, age, mileage, condition, etc. Since cars depreciate quickly, the amount you receive from the insurance company may be significantly less than what you owe.

Who Should Buy GAP?

GAP is primarily for those who have a 60-month (or longer) term loan, have less than 20% down, or purchased a car that has a high rate of depreciation.

Read more about GAP Insurance

GAP insurance hypothetical example:

Description Dollar Amount
Purchase Price $25,000
Loan Balance at time of loss: $20,000
Value of Vehicle at time of loss: $17,000
Amount Insurance Company Pays: $17,000
Remaining Loan Balance: $3,000
ECSFCU GAP Protection Pays: $3,000

Signing up for GAP is easy:

  • Sign up for GAP when you apply for your vehicle loan
  • GAP amount can be rolled into your monthly loan payment
  • GAP is fully refundable if you cancel coverage within the first 60 days
  • Guaranteed Asset Protection coverage is only $400

What is PowerBuy?

PowerBuy provides you with additional funds to finance your next vehicle with East County Schools, in addition to paying off your loan balance.

Did you Know?*

  • A vehicle loses 11% of its value the second you drive it off the lot
  • 15-20% is the average value a new car loses annually

*Information from

Your purchase of GAP Advantage with PowerBuy is optional. Whether or not you purchase GAP Advantage with PowerBuy will not affect your application for credit or the terms of any existing credit agreement you have with the credit union. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under GAP Advantage with PowerBuy. You should carefully read the contract for a full explanation of the terms.

Mechanical Breakdown Protection


How many times have you heard stories about vehicles breaking down right after the warranty expires? Mechanical Breakdown Protection (MBP) shields you from the high costs of mechanical or electrical repairs on your vehicle once your basic manufacturer’s warranty has expired. In addition, MBP also provides comprehensive roadside assistance, nationwide coverage, and the flexibility to choose a repair facility of your choice. Before you commit to any other program, compare it to our Mechanical Breakdown Protection plans.

Read more about Mechanical Breakdown Protection

Benefits of MBP

  • Available on both new and used vehicles
  • No deductible on covered parts or labor
  • Nationwide protection
  • Direct payment to repair facility
  • 24-Hour Roadside Assistance
  • Transferable coverage if you sell your vehicle before your agreement expires
  • Rental Vehicle Assistance
  • Increased resale value

To learn more about Mechanical Breakdown Protection contact one of East County Schools’ lending professionals at (619) 588-1515

Credit Life, Disability, and Unemployment Insurance

Protects you and your family from unforeseen circumstances, including loss of a life, an unexpected disability, loss of employment, or an unpaid family leave. All of these “protected events” are difficult to predict.

How Does it Work?

Instant Loan Decision 24/7

Apply for a loan on YOUR schedule. East County Schools FCU offers several convenient and secure ways for you to submit your loan request. Simply click on one of the links below to get started.

Approved loan decisions come back immediately*. Non-automatically approved loans are reviewed generally within a business day and one of our loan officers will contact you.

If you're looking for a Vehicle Loan, Signature Loan, VISA Credit Card** or Home Equity Loan**, make it easy on yourself with our online loan application!

* Pending verification of income and credit
** VISA Credit Card and Home Equity Loans do not have Instant Loan Decisions

Non Credit Union Members may also apply for a loan online

You can still apply for a loan before you become an ECSFCU member. All non-members must meet membership requirements before any loan can be funded. See if you are eligible for ECSFCU membership.

Apply for a Loan Online Loan Application

Loan Rates

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Members LoveECSFCU!

  • Grant Nelson 2019

    While overseas I found myself in the frightening situation of being out of cash and with two debit cards from other financial institutions that weren’t working, despite my travel notice pre-planning. ECSFCU’s amazing member services team stayed late on a Friday to approve and immediately fund a quick loan that made the rest of our trip wonderful. Nobody else does that! Not only is it something that I will never forget, but it’s something I want to tell everyone about.

    Grant Nelson - Retired La Mesa Spring Valley Schools 8th Grade History Teacher