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Auto Equity Loan

  • Yes, this loan qualifies for our Skip-a-Payment program.

    With Skip-a-Payment you have the ability to skip up to two (non-consecutive) monthly credit union loan payments each year, whenever it’s most convenient for you.

    To enroll, complete the Skip-a-Pay form, indicating the month you would like to skip your payment, and return it to the Credit Union at least five days before your payment is due.

  • No, however we do offer lease buyout financing.

  • Not necessary. You may apply for a vehicle loan regardless of your citizenship or place of residence. The only condition must be that the car is in the U.S while being financed, and that you receive a salary from one of the organizations we have institutional agreement with (CAF, OAS, IICA, IADB, ICHR, CATIE). If you have further questions, please email us at: oasfculoans@oasfcu.org

  • Yes. you can make as many additional payments as you want without any fee or penalty for paying off the loan before the term.

  • As soon as your loan is paid in full, we will release the lien on the car title and will send it by mail. Once you receive the title, visit your local DMV to obtain a lien-free title and have OAS FCU’s lien removed from the state records.

    We recommend that, since making those monthly payments are already part of your budget, that you set up the “automatic transfer” function to deposit those funds into your savings account and without having to worry about the monthly due date of the loan.

  • Yes, you remain liable for any taxes on the vehicle or your use of the vehicle.