3 Ways Coastal Could Help You Buy Or Refinance A Car This Year

by Lauren Beichner

Marketing Specialist

5.24.2021
|
Articles

Ready to trade in your old car for something new? Or, maybe your car payments have been too high and you want to refinance. Coastal understands that car buying and financing can be quite a process, but we’ve got three ways to make it stress-free.

AutoSmart

You’re finally ready to buy your long-awaited dream car, but you’re dreading the process. Coastal makes it simple with AutoSmart, which gives you the tools to search over 2 million vehicles in one place. It’s the only auto shopping site to offer financing from Coastal, and you can apply for online pre-approval. That means you’ll be that much closer to having the keys to your dream car in your hand – without ever having to meet a car salesman.

Try Coastal’s AutoSmart calculator to find out what vehicle you can afford by entering a few details ranging from desired monthly payments to auto trade-in value.

AutoSmart - Image

Learn More About AutoSmart

Auto Refinance

If you’re happy with your car, but not the monthly payments, refinancing your auto loan might be the way to go. When refinancing an auto loan with Coastal, we put you in the driver’s seat. Coastal can offer you competitive auto loan rates that fit your budget and may even qualify you for a Loyalty Bonus payout. The experts at Coastal aim to create a hassle-free process. Here’s how.
 

  • With Coastal’s auto loan refinancing, you could get flexible payment terms for up to 84 months with no pre-payment penalties. Based on the model year, you may qualify for rates as low as 2.50% APR1.
  • Coastal may be able to lower your monthly payments by $100 a month or give you $200 cash back.2

With Coastal’s free calculator tool, you can calculate a vehicle payment online so that you know exactly what to expect. And, with Coastal’s straight-forward and efficient application process, you can count on saving more and banking better.

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Learn More About Coastal's Auto Loan Refinancing

Buy Directly from the Seller

Let’s face it. Buying a car at a dealership can be time consuming and simply overwhelming. Whereas, buying a car directly from the seller through a private auto sale can be a much easier process – without the cheesy sales pitch.

Coastal offers a vehicle payment calculator that will help you easily calculate the cost of what kind of vehicle you can afford first, before you start searching. If you want to avoid possible dealership fees and stay in control of who your lender is, then buying directly from the seller could be the best option.

With Coastal by your side, you can get quick pre-approval and be ready to purchase the car you want when you find it. Whether it’s over the phone or at your local branch, Coastal’s responsive member service team is here to help the process go smoothly from start to finish. Plus, you won’t have to deal with the pressure of a typical car dealership.

Calculate A Vehicle Payment - Image

Try Our Vehicle Payment Calculator

Have More Questions?

Coastal’s team of experts are available and ready to answer your questions. Connect with an expert today by visiting www.coastal24.com/Access/Finding-Us/Contact-Us. Regardless of which option you choose, you can count on Coastal to help you save money this year.

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1. APR = Annual Percentage Rate. Oldest vehicle Coastal will finance is a 2009 model. Your rate may vary and is determined by your credit qualifications, amount financed, collateral, and loan terms. Other rates and terms available. All rates and terms are subject to change without notice. Existing Coastal Credit Union auto loans are not eligible. Interest accrues daily. All loans are subject to approval. For a $25,000 loan amount, a term of 48 months with a 2.50% APR fixed, the monthly payment will be $547.85. For a $25,000 loan amount, a term of 84 months with a 2.99% APR fixed, the monthly payment will be $332.48.

2. Savings of $100 each month may not be available to all applicants. $200 will be credited to the members share/checking account between 0 and 5 days of the loan origination date.