New Auto Loans
No down payment on new auto loans!
Terms ranging from 2 – 6 years.
Used Auto Loans
CNEFCU requires no down payment on used auto loans -model years 2010 and newer.
Terms ranging from 2 – 6 years; dependent on the model year
New & Used Motorcycle Loans
CNEFCU requires 10% down payment on new motorcycles -model years 2020 – 2010
Terms ranging from 2 – 4 years
Vehicle Loan Requirements:
- Main Share Account with $25.00 minimum balance;
- Proof of Income (copy of recent pay stub);
- Insurance Binder;
- Copy of Purchase Contract;
- Copy of Signed RMV-1 Form;
- GAP Insurance is available at a cost of $350.00;
- $45.00 fee for Vendor’s Single Interest Insurance will be added to the loan amount
- Odometer statement
Refinancing Requirements:
We will need a copy of valid registration, a copy of the original financial note in place of these forms, and a valid 10-day payoff quote. We will also need $25.00 for the MADOT (Mass Department of Transportation) to add switch the Lienholder to Coastal New England FCU.
Private Sale Requirements:
We will need a copy of valid registration, a copy of the original financial note in place of these forms, and a valid 10-day payoff quote. We will also need $25.00 for the MADOT (Mass Department of Transportation) to add switch the Lienholder to Coastal New England FCU.
Notice:
Terms and conditions are subject to change without notice. Please contact the credit union for current requirements.
Application Note:
We must be listed as:
Coastal New England Federal Credit Union
93 Union Street
New Bedford, MA. 02740-6361
Lienholder Code: #1894