Auto Refinance Loans
What were once limited-time incentives of cash rebates and a rate match guarantee for moving your auto loan to Midcoast, are now part of our everyday auto refinance program. These benefits can now be taken advantage of year round and have been expanded, so move your auto loan to Midcoast today! Don't forget, you can now also apply via our mobile app.
RATE MATCH GUARANTEE1
If you are refinancing your auto loan and your vehicle model year is 2016 or newer, you'll receive the lower of our current offering interest rates, based on your credit score and loan term. Do you already have a low rate? We'll match it to a minimum of 2.49% APR for the remaining term of your existing loan held at another financial institution. Additional interest rates and terms are available based on qualifying credit.
UP TO $500 CASH BACK2
Move your auto loan to Midcoast and receive a cash incentive of up to $500 (or 1% of the loan balance) when you schedule automatic payments from a Midcoast checking account. Move a $25,000 auto loan and earn $250. Refinance your $60,000 truck loan and earn $500!
PAYMENT-FREE FOR 60 DAYS3
You'll also have the option to defer your loan payment for the first 60 days after the loan closing. Take a payment vacation or get ahead of the monthly payment requirement. You can always pre-pay on the loan as your budget allows.
Guaranteed Asset Protection (GAP)
In the event of a car accident, if your vehicle is considered a total loss, this optional coverage will pay the difference between your loan balance and the amount covered by your primary insurance carrier.
Vehicle Service Agreement
Keep your vehicle on the road longer with a CUCertified Vehicle Service Agreement.
Credit Life & Disability Insurance
MEMBER’S CHOICE® Credit Life Insurance can help reduce or pay off your loan balance, up to the maximum limit should you or a co-borrower pass away. MEMBER’S CHOICE® Credit Disability Insurance can help make monthly loan payments, up to the maximum limit, should you become totally disabled, until you are no longer disabled.
Trustage Auto Insurance
If you haven't compared auto insurance rates lately, it's a great time to take a look. Your credit union membership could result in some nice savings. Check out our partnership with Trustage and Liberty Mutual Insurance.
1. For model years 2016 and newer, you will receive the LOWER of our current offering interest rate (based on your credit score and loan term) OR your current interest rate, to a minimum of 2.49% Annual Percentage Rate, for the remaining term of your existing loan held elsewhere. Additional terms and interest rates available based on qualifying credit. Conditions may apply. 2. Up to $500 cash incentive is based on 1% of the vehicle loan balance. To receive the cash incentive, the monthly loan payments must be scheduled from a Midcoast FCU checking account. 3. Payment free for 60 days. Interest will accrue daily at loan disbursement. If no payment is made within the 60 day courtesy period, the accrued interest will need to be satisfied when the first payment is made. This offer cannot be combined with any other Credit Union rate incentive. Existing Midcoast FCU loans are not eligible for this offer. All loan applications subject to approval. Terms and conditions may change without notice. For more information call 877.964.3262.