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Buying Online to Avoid a Dealership? Don’t Avoid a Great Rate.


More and more, it’s becoming common to shop online for a vehicle. When doing so, don’t forget you can use an SLFCU auto loan to purchase it. With our great rates, an SLFCU auto loan could drastically lower your monthly payments.

Whether you’re buying your vehicle online or at a dealership, SLFCU makes it easy to apply for your loan. If you’ve already picked out a vehicle or you just want loan pre-approval in hand before starting to shop, all you have to do is go to and click on ”Apply Now.“ The only information you will need is your estimated purchase price, down payment amount, Social Security Number, personal ID number, monthly income amount, and your employment status. Once you submit your application, an SLFCU representative will reach out with the status of your application. If you are approved, you can use your new SLFCU auto loan at whichever auto retailer you choose.

What Should You Know Before Buying Online?

One of the biggest uncertainties when buying online is whether you will like your chosen vehicle when you finally see it in person. Most online auto retailers offer a 30-day return period in case it’s not what you were expecting. Play it safe and double-check the retailer’s policy before you commit. You should also check that the vehicle title is free of liens, and that you have a secure avenue to receive the title.

Once you have decided to make the purchase, check to ensure that the vehicle’s value is on par with the cost of similar vehicles elsewhere. You should also request and review your vehicle’s history before you commit. Lastly, if you want to sell your current vehicle, consider selling it privately rather than trading it in to an online retailer or dealership – you might get a better sale price for it.

knows that purchasing a vehicle can be stressful, no matter how you go about it. Visit for helpful information, or call us at 505.293.0500 and select ”3” to speak with a Loan Representative.

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