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Auto Loan FAQ

Ready to refinance and save with an OECU auto loan? Read through this page to get some information about the process.

Contact Us
Ready to refinance and save with an OECU auto loan? Read through this page to get some information about the process. Contact Us

You asked and we answered these questions about our Auto Loans


Where can I go to pull values on vehicles?

Resources for calculating values on vehicles are available through Black Book® and NADA Guides

How can I calculate my estimated monthly payment?

Use our vehicle payment calculator to calculate monthly payments based on the net purchase price of the vehicle, the loan term and the interest rate for the loan.

Do I need to carry full coverage insurance?

Yes, it’s our recommendation that you have full coverage insurance on a vehicle that currently has a loan.  If you need to provide us proof, please feel free to fax it directly to 405.213.1544.

How many months can I be approved for?

The term will depend on the vehicle that you end up purchasing, however, we have terms of 12 months through 84 months available.

If I need funds for a purpose other than actually purchasing a vehicle, can I use my free and clear vehicle as collateral?

Yes, a free and clear vehicle can be used as collateral to secure a loan at a much lower interest rate than an unsecured loan or a credit card.

How do I make my payments?

There are many different ways for you to make your payments, but OECU does offer automatic payment options that will make it more convenient and save you time!

Is there a fee to refinance my vehicle loan?

No, but we will need to send $25 to a tag office to get a new title printed and the new lien entered. We usually include this in the loan amount.

How long does an auto refinance take?

Not long at all. Most of the time we can finish up the refinance the same day you apply. We just need an approved application, a couple of signatures, your payoff amount from your current lender, and your title.

Will you need my title to refinance my auto loan?

Yes. If you have an Oklahoma title and want to refinance your auto loan, we will need your actual title to enter a new lien.

What if I can't find my title?

No worries. All you need to do is contact your local tag office and apply for a lost title. It usually takes about a week to get another one.

Happy To Help Stories

Why do our members love being part of OECU? Find out below.

  • Kyle B.

    OECU worked with me and got me pre-approved to help me buy a car. It was the easiest car buying experience ever!

    – Kyle B.

  • Jennifer B.

    OECU has helped me consolidate a few cards with our vehicles so we could pay off a few credit cards, a tremendous help!

    – Jennifer B.

  • Melissa J.

    You have given me the lowest rates on two car loans. Now, I can use that money to do things with my kids!

    – Melissa J.

  • Diana L.

    OECU approved me for a better car loan than my previous bank and at a great rate, too. I can actually feel comfortable paying for something I like and wanted!

    – Diana L.

  • Kathy S.

    OECU helped me by refinancing my truck so that I could get cheaper payments and a lower interest rate.

    – Kathy S.

  • Mary G.

    OECU gave me a chance to improve my credit score all while giving me a great low, low interest rate on my car.

    – Mary G.