;
Info For

Buying a Car

Buying a car is an important purchase—so it makes sense to do your homework before you sign on the dotted line. After you have researched options, you’ll see that CFE offers competitive, affordable rates on new, used, and classic cars. We also offer a lot more than just great rates. 

Car loans and so much more

When you finance a car through CFE, you’re getting more than just competitive loans with affordable monthly payments. Yes, CFE offers loans for new, used, and classic vehicles. But we also offer other auto products and services including guaranteed asset protection (GAP) coverage, extended warranties, business vehicle loans, and business vehicle service agreements. 

New & Used Loans

Are you ready to purchase a new car? We offer affordable and competitive financing options on both new and used vehicles.  We also partner with great dealerships across Central Florida to help get you into a new vehicle you will love.

Classic vehicle loans

Turn your dream of owning a classic automobile into reality with a CFE Classic Car Loan today. If the vehicle is 25 years old or older, it is eligible for our affordable and competitive financing options.

Guaranteed Asset Protection (GAP) coverage 

Let us assist you with GAP coverage, which protects you in the event your car is totaled or stolen. When you’re covered, GAP pays the difference between your car’s cash value and your remaining car loan balance. GAP can even pay your insurance deductible. 

 

Credit Life and Disability Insurance

Credit Life and Disability Insurance (CLDI) can be added to CFE personal and auto loan payments to help cover loan payments in the case of death or disability.

 

Extended Warranty 

Get protected with extended warranty coverage in case of a mechanical breakdown. Coverage includes repairs, towing, roadside assistance, lockout service, car rentals, and more.

TruStageTM Auto Insurance Program

Obtain discounted rates and convenient service by protecting your auto with TruStage. Discounts are not available in all states and vary by state. The insurance offered is not a deposit and is not federally insured. This coverage is not sold or guaranteed by your credit union.

Business Vehicle Loans

Your business may require transportation and a CFE Vehicle Loan can get your business moving in the right direction—one vehicle or more at a time. Business Vehicle Loans include financing of new cars, vans, and light trucks that weigh up to one and a half tons. CFE offers competitive rates for new and used vehicles to keep your business running.

CFE Financing Offers Extra Benefits

Choosing to finance your car purchase with CFE offers you immediate benefits other financial institutions can’t match. With CFE, you see the difference in our lower rates, personalized member service, educational resources available to members, and non-sales oriented approach to providing loans.

Helpful financial calculators 

choose the right options 

There are many options available to assist you with finding the car that is right for you. At CFE, we’ll assist you with getting pre-approved so you can shop with ease and confidence.

 

 

 

Get pre-approved 

Getting pre-approved with CFE to purchase a car is like showing up with money in hand. You’ll know what your financial limits are and you can shop with confidence knowing that you’re good to go when you find a car you want to buy.

New vs. Used Vehicles

Having trouble deciding between purchasing a new or a used vehicle? Use this helpful chart to aid in your decision making process.

Advantage
Disadvantage
New
  • Low Mileage
  • Newest Technology 
  • No Previous Owners
  • Dealer Incentives Maintenance Packages
  • Great Warranty 
  • Higher Fuel Efficiency
  • Lower Emissions
  • Immediate Depreciation
  • More Expensive
  • Unknown Safety and Reliability Information for Model Year
  • Higher Taxes
  • Higher Insurance Costs
Used
  • Lower Pricing 
  • Avoid Initial Depreciation
  • Lower Insurance Costs
  • Avoid New Car Fees
  • Vehicle History Reports
  • Save Money
  • Risk for Repairs Higher
  • No Warranty 
  • Outdated Technology
  • Higher Maintenance
  • Potential for Multiple Owners

Let us recommend a few more resources.

Enterprise Car Sales

Enterprise has a great selection of vehicles with one of the industry’s best used car warranties.

Visit Enterprise Car Sales

Auto Wholesale Direct

Experience red-carpet, white-glove service. Let AWD know what car you’d like, and they will do the rest.

Visit Auto Wholesale Direct

Indirect Dealers

CFE partners with a wide variety of auto dealerships in the Central Florida area. Whatever make or model you are looking for, CFE has a connection to help make your car buying experience even easier. Take a look at our Indirect Dealer List and pick out which dealership you wish to visit.

Visit Indirect Dealer List

Want additional information?

Know someone buying a car? Share this page with them.