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 / Loans / Vehicle / Other Vehicle Loans
 

Other Vehicle Loans

Delta Community doesn’t just specialize in car and truck loans. We specialize in whatever helps you get from here to there ... boats and other watercraft, RVs, aircraft, snow mobiles, pop-up campers, some tractors, motorcycles, and travel trailers.

 

Into alternative modes of transportation?

You name it, we probably have a loan for it, along with a very competitive loan rate. Who knows? Because we finance boats, RVs and aircraft for up to 12 years, this finally may be the year you’re able to fit one into your budget.

Try our Auto and Vehicle Calculators.

Who is this product right for?

Someone who is considering buying a vehicle other than a car or truck.

New & Used Other Collateral*

 

 

Up to 12 months4.00% to 12.75%
24 months4.25% to 12.75%
36 months4.50% to 13.00%
48 months4.75% to 13.25%
60 months4.75% to 13.50%
72 months (greater than or equal to $20,000)5.25% to 14.25%
84 months (greater than or equal to $35,000)6.25% to 14.25%
120 months***6.25% to 14.25%
180 months****6.75% to 14.75%
240 months*****7.00% to 15.00%

*Rates expressed as APR-Annual Percentage Rate. Availability of rates based on creditworthiness and other factors and are current as of the first day of the current month.
**Aircraft, boats, jet skis, motor homes, motorcycles, snow mobiles, farm tractors (Minimum 20hp), wave runners, travel trailers, pop-up campers, four wheelers, horse trailers, golf carts.
***Loan amounts greater or equal to $35,000. Available for boats, RVs and aircraft.
****Loan amounts greater or equal to $100,000. Available for boats, RVs and aircraft.

Who is this product right for?

Someone who is considering buying a vehicle other than a car or truck.

Loan Fees

Copy of Personal Line of Credit Check $3.00
Late Payment Fee $25.00 per month late
NSF for Returned Loan Payment, Personal Line of Credit Check or ACH $25.00
Pay by Phone Loan Payment Transfer $8.00
Stop Payment for Personal Line of Credit Check or ACH $25.00

Who is this product right for?

Someone who is considering buying a vehicle other than a car or truck.

Related Articles

  • GAP Protection
  • What is GAP?
    If you have an auto that is totaled or stolen, there may be a difference between the monies owed and what your insurance company will pay. Guaranteed Asset Protection is not auto insurance. It is a deficiency waiver. It will cover the "gap" by paying the difference between your primary carrier's insurance settlement and your loan balance. The GAP payment covers the insurance deductible up to $500 but does not pay for delinquent payments, late charges, refundable service warranty contracts and other insurance-related charges.

    Note: GAP cannot provide protection beyond two (2) additional payments of the original repayment schedule of the loan. Ex: If you have taken 4 payment holidays, GAP will only cover the monthly payment amounts of 2 of those payment holidays.


    When can I purchase GAP?

    It can be purchased on any automobile regardless of the age or mileage on the vehicle, at the time of a new loan or refinance with Delta Community CU, regardless of whether you had GAP previously. The maximum term for GAP is 84 months. If you are refinancing your vehicle to add additional funds to the loan, you must repurchase the GAP agreement. The original agreement becomes null and void when you add additional monies to the loan.


    If I have GAP and I refinance an auto loan currently with Delta Community CU
    , do I have to purchase GAP again?

    Any time a Delta Community CU car loan is refinanced that has existing GAP, you must purchase the GAP again for this loan to be covered.
    If you are refinancing a car loan that is currently financed with Delta Community CU that does NOT have existing GAP, purchasing GAP is not an available option.



    What is the cost of GAP and is it refundable?
    GAP is available in two primary options; either 'Non-Refundable' GAP at $299.00 or 'Refundable' GAP at a cost of $495.00. All options offer a 60 day trial period.


    I have totaled my car and filed a GAP claim, do I need to make my payment?
    You are responsible for all payments on the loan as agreed on your loan contract. Any overpayments made thru the GAP claim will be reimbursed to upon claim payment.

    What is the time frame for receiving a refund from the GAP if I cancel under the new terms and conditions?

    Please allow 4-6 weeks for a refund. For loans that still exist, the refund will be applied to the loan. If the loan is paid off, the refund will be deposited to your Savings Account.



    If I have purchased GAP, will it interfere with CPI?

    GAP is a product that covers the difference between your primary carrier insurance settlement and the loan or lease balance on a new or used auto or other collateral loan. It will not interfere with CPI.



  • Payment Holiday and Eligible Loans
  • What is a Payment Holiday and what loans are eligible?
    A Payment Holiday is an option to skip your consumer loan payment on loans that have been opened for 6 months. You can request a maximum of two holidays per year, but they cannot be two consecutive months. Interest will continue to accrue and the original term of the loan will be extended.  

    To request a Payment Holiday, the request can be made up to the loan due date:

    • If your Online Banking account has been upgraded, log into your Online Banking account and choose Payment Holiday under the Loans tab
    • If your Online Banking has not been upgraded:
      • For requests in less than 32 days before the next payment due date, call 800-544-3328 to speak to a representative
      • For requests 32 days out or greater, log into your Online Banking account and choose Payment Holiday under the Member Services tab.


    IMPORTANT - ELIGIBILITY:
    1st and 2nd Mortgage, Home Equity, Single Pay, Overdraft Protection, Business Loans, Business Visas, and Visa* loans are not eligible for Payment Holidays. Consumer loans must be current and opened for 6 months (and liens perfected) to be eligible.  Finance charges will continue to accrue as explained in the LoanLiner Credit Agreement and the loan maturity date will be extended.  

    For more information on payment holidays, click here.

     


  • How to apply for a loan

  • How do I apply for a loan or to refinance a loan from a different lender?

    To be eligible to apply for a loan, you must be a primary member of the credit union. Joint owners must obtain their own account before applying for a loan. Membership can be applied for online.

    The fastest way to apply for a loan is online. Log into your Online Banking account choose Apply for a loan in the Tools & Services section on the MyCU page. If you have recently been upgraded to the new Online Banking, you will find the Apply for a loan or credit card under the Loans tab.
    You may be preapproved within seconds. You can also speak to a representative at 1-800-544-3328 or apply at any
    Delta Community CU branch office.




  • Loans that can and cannot be applied for online
  • Are there any exceptions to the types of loan applications that can be applied for online? You can apply online* for all types of loans except for the following:

    • Loans for a foreign resident

    To apply please call 1-800-544-3328 and a representative will be happy to assist you. You can also stop by any Delta Community CU branch and apply with a Member Service Representative. Normal processing time is 24 - 48 hours.


    *For Home Loans, click here. For all other loans (Visa credit card, etc.) you can apply online by logging into your Online Banking account and selecting Apply for a Loan in the Tools and Services box. If you have recently been upgraded to the new Online Banking, you will find the Apply for a loan or credit card under the Loans tab.






  • Loan Rates
  • What are the current loan rates?
    Click here to view the current loan rates.

Ready to apply?

Simply apply online by logging into your Online Banking account, going to the Tools and Services menu and then choosing Apply for a Loan. You only have to apply once.

Or, if you’d like, you can call our 24-hour lending center at 800-544-3328 or apply at any of our Delta Community CU branches.

If you’re not yet a member, click here to sign up.




 

Who is this product right for?

Someone who is considering buying a vehicle other than a car or truck.


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