Auto Loans in Kokomo, IN

Why Choose Solidarity for Your Auto Loan?

🔹 Competitive Auto Loan Rates
At Solidarity, we offer auto loan rates designed to save you money over the life of your loan. Whether you’re buying new or used, our competitive rates help make your dream car more affordable—without sacrificing quality service or flexibility.
🔹 Easy & Flexible Auto Loan Financing
Our auto loan financing process is built to fit your lifestyle. With fast approvals, local decision-making, and flexible repayment terms, we make it easy to get behind the wheel. Whether you’re shopping at a dealership or buying from a private seller, we’ve got you covered.
🔹 Fast & Free Pre-Approval
Get ahead in your car-buying journey with a quick, hassle-free pre-approval. Knowing your budget in advance gives you the confidence to shop smart and negotiate better. Plus, getting pre-approved with Solidarity won’t have lasting negative impacts on your credit score.

What to Expect: The Auto Loan Process

At Solidarity Community Federal Credit Union, we make the auto loan process straightforward and stress-free. Here’s what you can expect from start to finish:

Step 1: Get Pre-Approved

Start by applying for a pre-approval online or in person. This gives you a clear idea of how much you can afford—and strengthens your negotiating power at the dealership.

Step 2: Shop With Confidence

Once you’re pre-approved, you’ll receive a loan offer with your approved amount and rate. Use this to confidently shop for a new or used vehicle, whether it’s from a dealer or a private seller.

Step 3: Finalize Your Loan

After you’ve selected your vehicle, provide us with the purchase details. We’ll finalize the loan, confirm all the paperwork, and walk you through your repayment plan.

Step 4: Drive Away Happy

Once everything’s in place, we’ll send the funds to the seller—and you drive away in your new ride, knowing you got great terms and personalized service from a credit union that puts members first.

Step 5: Manage Your Loan Easily

With online account access, flexible payment options, and local support just a call away, managing your loan with Solidarity is just as easy as getting it.

FAQs

1. What documents do I need to apply?
   Typically, you’ll need proof of identity, proof of income, and information about the vehicle you want to purchase.
2. Can I get a loan for a used car?
   Absolutely! We finance both new and used vehicles purchased from dealerships or private sellers.
3. How long does it take to get approved?
   Most approvals happen within one business day—often much faster if you apply during business hours.
4. Do I need a down payment?
   Not always. A down payment can help lower your monthly payments, but many members qualify with little or no money down.
5. Can I make extra payments on my loan?
   Yes! You can make extra payments anytime without penalty. It’s a great way to pay off your loan faster and save on interest.
6. Why should I get my auto loan through a credit union?
   As a credit union, we offer lower rates, local service, and a people-first approach you won’t find at big banks or dealerships.

Testimonials

Both of our cars died in the last 60 days, but Michelle made it painless and stress-free to put together our two loans and somewhat haphazard car shopping. She kept up with us by email and phone when we needed docs or had questions. Their interest rates aren’t the lowest around, but we declined several dealers PROMISING to get us a slightly lower rate because we knew the service/people here would treat us right on a 5 year commitment.

~ Chad L.

Great credit union with great people working there! Offer outstanding loan rates, too!

~Ron

I love the loan department. Being a single woman, they have been so helpful & friendly when I’ve traded cars.

~ Lucy Luvable

This institution has always fought hard to help me attain my financial goals. They are a diamond in the rough.

~ John Stewart