Vehicle Loans

Vehicle loans are the bread and butter of credit unions. Banks can’t compete with an auto loan from a credit union.

Coloramo offers vehicle loans for up to 84 months. The rate you receive is based on your credit. The better your credit score, the better your rate!

Banks don’t like to lend on vehicles with over 100,000 miles. Coloramo does!

Banks use the NADA Loan Value for what they will lend on a vehicle. Coloramo uses the NADA Retail Value, which is usually $2,000-$3,000 more. So, we will finance more of the vehicle for you.

Banks don’t publish their rates so dealers can raise the rate to make more money off of you, the consumer. Coloramo’s rates are the same low rate inside our lobby that they are at the dealership.

Thinking of taking the manufacturer’s 0% or low rate financing?  By taking the low rate for the loan, which by the way is only for certain models and up to 36 or 48 months, you usually can’t ask for the cash rebate (thousands of dollars off the price of the vehicle).

Click here to see whether it’s cheaper to take the 0% rate and pay full price on the vehicle, or get a lower sale price and finance it through Coloramo! 

The next time you are looking to purchase a vehicle, apply for the loan at Coloramo. Or, if you’re at the dealership, tell them you want it financed at Coloramo.