SONEPCO has loans for either new or used vehicles with competitive rates and terms.  Loans are for vehicles 15 years or newer with terms up to 84 months on qualifying vehicles.  Loans will be made for up to 110% MSRP (New autos) or Retail Kelly Blue Book (Used autos).  You can get a SONEPCO auto loan at the time of purchase with dealerships participating in CUDL (Credit Union Direct Lending).  The dollar amount of the loan approved is based on the member’s overall credit picture, job stability and the value of the vehicle being purchased.

Product Features:

• Financing available for new or used vehicles.
• Private party purchase also available.
• Terms up to 84 months on qualifying vehicles.
• No pre-payment penalty for paying loan off early.
• Loan can be customized around desired payment amount.
• Rates are competitive.
• Loans can be made at the dealership through CUDL.
• Loan applications can be made via the web.
• Helpful staff can take your loan application during normal business hours.
• Payroll deduction or automatic payment can be set up for you.

Product Benefits:

• Convenient – loans can be made over the web, by phone, in person at any SONEPCO branch or at the dealership.
• Efficient – once you have applied for and been approved for a SONEPCO loan future loans are fast and easy – you won’t even need to come in to a branch!
• Economical – SONEPCO loan rates are competitive and you are never charged an application fee.