Auto Loans
If you're in the market for a car that's sleek and sporty, a pickup that's rough and rugged, or an SUV that's family-friendly, we're ready to get you on the road with low-cost financing.
With us, it's always 'go time'
Enjoy some of the lowest rates around. Limited credit history or first-time car buyer? No problem. Need financing fast? We can make that happen. At Dominion Energy Credit Union, our financing goal is to flash the green light as often as possible.
- Enjoy the same low rate for new, used, and refinanced cars
- Get pre-approval for extra bargaining power when vehicle buying
- Finance directly from participating dealers
- Enjoy a 0.25% APR* loan discount for payment by payroll deduction or automatic transfer from a DECU account.
- Refinance your loan from another lender and save
- Payments terms up to 84 months for new vehicles and 72 months for used vehicles
- Add low-cost Guaranteed Asset Protection (GAP) coverage for peace of mind
- Use Skip-A-Payment for budget flexibility
- Apply online for instant approval or call 800-268-6928 for same-day approval
Our members save an average of $267 per year in interest on new car loans.ᵗ
Credit Union Financing at the Dealer
Found the perfect car and want to drive it off the lot today? After hours and didn't get preapproved? You can now get a Dominion Energy Credit Union loan right at the dealership.
- Loans provided through our partnership with CUDL
- Visit a participating CUDL Dealer in Virginia
- Tell the dealer you're a member of DECU and that you want a low-interest rate credit union loan through the CUDL system
- Get a response within minutes at the dealer
- Do your research at CUDL's AutoSMART to find your make and model
- Calculate your payments
- Analyze options through Consumer Reports
- Read reviews, pricing information, and more through NADA
- Access safety information from the U.S. Department of Transportation
- Gauge fuel efficiency through the U.S. Department of Energy
Frequently Asked Questions
We currently offer a .25% APR discount for payment by payroll deduction or automatic transfer from your CU account. The .25% APR discount is not available for mortgages and credit cards.
Applying for a car loan is easy:
- Apply online
- Log in to Digital Banking and click “Loan Applications.” This will take you to the online loan application, where you can click “Apply for a Vehicle Loan.”
• Call 800.268.6928
• Complete and return an application
It’s easy to refinance your auto loan with us – and you may be able to save big on monthly payments. Here is the information we’ll need. Once ready, just give us a call or return the form using our secure Zix mail system! You can apply through secure Digital Banking, by returning an application, by phone, or at a branch.
You can apply for loans and credit cards at the same time you join! There is no waiting period before you can take advantage of all our member benefits. The moment you become a member, you can start applying for auto loans, mortgages, and every other service we have to offer.
You can check your loan application status two ways:
Log into our online application portal and click “Check Existing Application Status” (you will need to fill in: Last name, email and social security number).
- Log into Digital Banking,
- click “Loan Application”
- then “Check Existing Application Status” – it will automatically display any application created in the last 90 days.
You can also call us at 800-268-6928.
When you drive your new or used vehicle off the dealer’s lot it begins to depreciate in value. This could mean that there is a big difference between what you owe on the loan and what your auto insurance will pay in the event of a total loss. In the event of a total loss, GAP insurance helps to pay the difference between the value of your vehicle and what you owe on your loan. It covers up to 130% loan-to-value for a one-time fee of $350. This is available on vehicles, motorcycles, boats, and RVs.
You can add GAP insurance to your Dominion Energy CU car loan at any time; just call us at 800-268-6928.
Financial education and resources to support your success
Cards to fit every lifestyle
From earning rewards to competitive rates, our credit cards are the perfect combination of perks, convenience and security.
*Annual percentage rate, if you apply online, discount will not appear until a loan counselor completes your loan setup.
** CUDL is not available in all areas. Dominion Energy Credit Union does not endorse individual dealers or have special pricing agreements with dealers. It is important you negotiate all aspects of the purchase as you would at any dealer.
ᵗSource: CUNA member benefit report
Dominion Energy Credit Union, headquartered in Richmond, Virginia, is a full-service financial institution that serves Dominion Energy employees and offers competitive rates on auto loans and boat, RV and motorcycle loans.