RV, Motorcycle, Watercraft Loans

RV Loans

Traveling in an RV should be an adventure. Getting an RV loan shouldn’t be. For RV purchases of $50,000 or more, terms can extend up to 180 months.

Motorcycle Loans

Enjoy the same rates and terms as with MECU vehicle loans. Optional additional coverage with our Guaranteed Asset Protection and Payment Protection is also available. Take up to 72 months to repay for loan amounts greater than $20,000.

Watercraft Loans

For boats and other watercraft, we offer the same competitive rates as for autos. Optional Payment Protection is available. For boat purchases of $50,000 or more, terms can extend up to 180 months.

With great fixed rates (including refinancing), flexible terms and a desire to give you the green light, an MECU loan for a new or used RV, motorcycle or boat can help get you going with:

• Fast approvals
• .50% discount for Express Advantage members (those with MECU checking and direct deposit) who make automatic loan payments from an MECU savings or checking account
• No prepayment penalty

Even your loan payment is hassle-free with automatic transfers that:

• Transfer funds automatically from one MECU account to another
• Ensure each payment is made on time
• Save the time and expense of going to the credit union or mailing your payments

Our comprehensive range of vehicle loan services includes:

• Preapproved vehicle loan check
• Full vehicle protection packages
• Optional payment protection

So when you’re ready to get rolling, we’re ready to help.

For a list of our fees, please check our fee schedule.

Rates as low as displayed.

Term	APR As Low As**	National Average APR
New Vehicle - up to 24 months	1.99%	*
New Vehicle - up to 36 months	1.99%	4.23%
New Vehicle - up to 48 months	1.99%	4.27%
New Vehicle - up to 60 months	2.24%	4.38%
New Vehicle - up to 72 months	2.49%	4.39%
Used Vehicle - up to 24 months	1.99%	*
Used Vehicle - up to 36 months	1.99%	4.57%
Used Vehicle - up to 48 months	1.99%	4.64%
Used Vehicle - up to 60 months	2.24%	4.52%
Used Vehicle - up to 72 months	2.49%	4.36%

** Annual Percentage Rate (APR) is based on excellent credit history, and reflects a .50% discount for Express Advantage members (those with MECU checking and direct deposit) who make automatic loan payments from an MECU checking or savings account. APR for new cars applies to 2011 or newer models with a loan to value up to 100%. APR for used cars applies to 2009-2010 models with a loan to value of less than 80%. The APR for used 2006-2008 models is as low as 2.24% APR (48 month term), and for used 2005 and older models is as low as 3.99% APR (48 month term). Your actual rate will be based on creditworthiness, vehicle model year, loan to value, term and Express Advantage status. Rates are subject to change without notice. National average APR may not reflect rate discounts offered by MECU.

* No national average is shown because this offering is not commonly available at other financial institutions. National average rates provided by Datatrac, an unbiased research firm that monitors rates from over 20,000 financial institutions nationwide.

Because it’s one of the most expensive purchases you’ll make, you may wish to consider additional protection for your RV, motorcycle or boat.

Opting for the MECU loan protection package helps protect your financial investment and your credit rating. For just a few more dollars a month, enjoy peace of mind with extra protection from the unexpected and unforeseen.

• Guaranteed Asset Protection (GAP). If your vehicle is stolen or totaled, GAP pays the difference between your primary insurance settlement and your outstanding loan balance, potentially saving thousands in out-of-pocket costs. (Not available for boats.) Learn more.
• Mechanical Repair Coverage (MRC). Plan for the unexpected for mechanical repairs outside the manufacturer’s warranty – available for new and used cars that are no more than 10 years old and have no more than 100,000 miles. (Not available for motorcycles or boats.) Learn more.
• Payment Protection. Enjoy added peace of mind knowing your loan will be paid in the event of unforeseen, difficult circumstances, including unemployment, disability or death. Learn more.