West Covina Logo
 
NewsFlash !!


Links to other sites are provided for your convenience. West Covina FCU makes no assurances and has no responsibility for the content, accuracy, or completeness of the information contained on these sites and shall not be held liable for such.
Auto Equity Loan

Stack the deductions in your favor!

With taxes always on the rise, who couldn't use another deduction? Finance your next new or used car with an auto equity loan from your credit union and stack the deductions in your favor.

Your credit union adds value to your vehicle loan by adding a courtesy lien on California property you own. The finance charges may be deductible from your taxes. Because your home is used as collateral, the interest on an auto equity loan may be tax deductible.*

Auto Equity Advantages

Auto equity loans offer you many advantages. With the credit union's fixed-rate equity loans:

  • You can finance any new or used vehicle
  • You can refinance your higher rate vehicle loan held by another financial institution and get the additional tax break.
  • You can borrow on your California principal residence or vacation home.
  • You will pay NO appraisal fees or title search fees.
  • You will pay NO prepayment penalties.
  • You will get the same low interest rates and convenient financing terms as the credit union's other car loans.
  • You will get the same friendly and personalized service that you always get as a valued member of the credit union.

Contact us for more information on an Auto Equity Loan.

* Whether or not the finance charges will be deductible depends on your individual circumstances. We recommend that you consult a tax advisor regarding the possible tax deductions of the interest payments.


Find the CO-OP ATM closest you.



West Covina Federal Credit Union is federally insured by the National Credit Union Administration.



We are an Equal Opportunity Lender.