Credit Union Auto Loans in Tulsa

Credit score is one of several factors OCCU considers when reviewing an auto loan application, along with income, existing debt, and the age of the vehicle being financed. A higher credit score typically qualifies for a lower APR, but members with lower scores may still qualify for financing. Getting pre-approved is the best way to find out what you qualify for before you start shopping. 

Funding timelines can vary based on the completeness of the application and required documentation. Loans can often be funded quickly once all required documents have been received and reviewed. Delays may be caused by missing documents, incomplete information, title issues, or pending verification requirements.

Required documents vary based on your loan type, amount, and vehicle purchase method, but commonly requested items for an auto loan include:

Personal Information
Valid government-issued photo ID
Social Security Number or Tax ID Number
Current address and contact information

Income Verification
Recent pay stubs
W-2s or tax returns (for self-employed borrowers)
Proof of other income sources, if applicable

Vehicle Information
Vehicle Identification Number (VIN)
Year, make, model, and mileage

Insurance
Proof of valid insurance

Trade-In Information (if applicable)
Trade-in vehicle details
Current loan payoff information
Title information, if owned free and clear

Additional Documents by Loan Type
New or used vehicle purchase: Purchase order or bill of sale
Refinance loan: Current lender payoff amount, existing loan account information, and current registration and/or title information
Private-party purchase: Signed bill of sale, seller information, and vehicle title and lien information, if applicable

Additional documentation may be requested based on your individual circumstances — such as proof of residence, bankruptcy documentation, power of attorney documents, or other items needed to complete underwriting review.

OCCU auto loans may include the following fees:

• Document fee: A small flat fee to prepare and process your loan paperwork.
• Title, registration, and lien fees: State-required costs, including Oklahoma's vehicle excise tax, which vary based on your vehicle and transaction.
• Optional protection products: GAP coverage, extended warranty, and debt protection are available for an additional cost based on the coverage you choose.
  
  

There's no penalty for paying off your auto loan early. Contact us or visit a branch for current fee and pricing details.

Getting pre-approved gives you a better idea of your budget before you start shopping. It can also help streamline the buying process and give you more confidence when visiting a dealership. 

If you’re having trouble making a payment, contact us as soon as possible. Depending on your situation, options like Skip-a-Pay may be available to help give you temporary financial flexibility.

Yes. OCCU offers financing for both new and used vehicles, with competitive rates and flexible loan terms available for qualified borrowers. 

Yes. OCCU offers a First-Time Auto Buyer Program designed to help qualified borrowers purchase their first vehicle with affordable financing options and guidance throughout the process. 

Because credit unions are not-for-profit, member-owned institutions, they're able to return earnings to members in the form of lower rates rather than paying out shareholder profits. As a result, credit unions typically offer lower average auto loan rates than banks. Visit our rate table for OCCU's current auto loan rates by vehicle year 

Yes. If you have an auto loan with another lender, OCCU can help you refinance your auto loan to potentially lower your rate or monthly payment.