RV (Recreational Vehicles)

 

Recreational Vehicles (Dirt Bike, ATV, Snowmobile, RV, Camper, Boat)

So you are the adventurous type? We like that and want to experience the journey with you! We will finance up to 80% of the value of your purchase. These all-terrain vehicles do need to be titled and carry adequate insurance.

^Rates reflect a .25% APR reduction for Payroll Deduction or Auto Transfer. Your rate will increase if you discontinue Automatic Payment Service.

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Vehicle Information Links

Financing at the Dealership

You can easily finance your automobile with Lebanon Federal Credit Union right at the dealership. Make sure to tell your sales person that you want LFCU to do the financing.

Participating Dealers

Adams Auto Sales Brubaker's Auto Sales LLC Cars 2 Credit LLC
Cleona Used Cars Ciocca Hyundai Diamond Toyota
East Lebanon Auto Ebersoles Honda Eisenhauer Nissan Inc.
Frederick Chevrolet Cadillac Frontier Auto Sales H.A. Boyd Inc.
Keller Bros. Motor Co. Klick Lewis Inc. Ladd Hanford Dodge,
Chrysler, Jeep, Mazda
Ladd Hanford KIA Lancaster Lincoln Mercury Maguires Ford Lincoln
Maguires Nissan Mease Motors Outten Buick Pontiac Inc.
Rocky Ridge Auto Sales Savage Dodge Chrysler Truck Village
Twin Pine Auto Sales Inc. Wengers of Myerstown Z Motor Company

What information will I need?

The following information will be needed to finalize the purchase of your automobile:

Buyers Order – you will get this from the dealership. This will outline the details of your transaction such as the subject vehicle, sales price, tax, tags, down payment, warranty and if there is a trade.

VIN Number – this is the Vehicle Identification Number. The dealer will be able to provide this to you or you can locate it on the left side of dash where it meets the windshield.

Mileage - cannot exceed 150,000 miles

Evidence of Insurance - LFCU requires that all collateralized loans be covered by insurance. You must provide proof of this coverage to protect the vehicle in the case of loss.

The following information is required:

  • Name of insured - this should match the name of the borrower(s) on the loan
  • Policy Period - the time period the policy is in effect
  • Policy Number
  • Coverage - the credit union requires comprehensive and collision coverage with a maximum deductible of $500
  • Lien holder - Lebanon Federal Credit Union must be listed as the lien holder on the policy. The lien holder address on the policy should be: PO Box 924428 Fort Worth Texas 76124
  • Collateral Description - The insured collateral description must match the description of the collateral for the loan

What if it is a private sale with no dealer involvement?

The following information will be needed to finalize the purchase of your automobile:

Sellers Name – we will issue the check directly to the seller

Auto Details – year, make and model

VIN Number - this is the Vehicle Identification Number. The dealer will be able to provide this to you or you can locate it on the left side of dash where it meets the windshield.

Mileage - cannot exceed 150,000 miles

Evidence of Insurance - LFCU requires that all collateralized loans be covered by insurance. You must provide proof of this coverage to protect the vehicle in the case of loss.

The following information is required:

  • Name of insured - this should match the name of the borrower(s) on the loan
  • Policy Period - the time period the policy is in effect
  • Policy Number
  • Coverage - the credit union requires comprehensive and collision coverage with a maximum deductible of $500
  • Lien holder - Lebanon Federal Credit Union must be listed as the lien holder on the policy. The lien holder address on the policy should be: PO Box 924428 Fort Worth Texas 76124
  • Collateral Description - The insured collateral description must match the description of the collateral for the loan

GAP Coverage

When shopping for a vehicle, consider GAP coverage. GAP or Guaranteed Asset Protection is a supplement to your primary auto insurance. If you are financing more than the value of the collateral or close to the value, then GAP coverage may be right for you. GAP coverage will cover the balance on your loan that remains after your insurance company pays their portion of the claim.

Insurance settlements do not always cover your loss. Unfortunately, many are unaware their primary auto insurance does not adequately protect their vehicle. Putting less than 20% down on a new vehicle purchase means you may be "upside down" on your loan-to-value ratio for the next two to three years. Even if you put money down on your vehicle, it can depreciate by thousands of dollars just by driving it off the lot. Your primary auto insurance covers your vehicle at its assessed value.

You could be responsible for paying the difference between your primary insurance settlement (vehicle’s actual cash value) and your loan balance if your vehicle is stolen, accidentally damaged beyond repair, or declared a total loss.

This could add up to thousands of dollars out of your pocket. You could end up paying on a vehicle you no longer drive, plus you still have to purchase a new vehicle.

Protection that pays the difference
MEMBERS CHOICE Guaranteed Asset Protection Plus (GAP Plus)* helps ease your financial burden by paying the potentially high-cost difference between your insurance settlement and your loan balance on items directly related to the purchase of your vehicle. Plus it includes $1,000 toward your down payment on a replacement vehicle when financed by Lebanon Federal Credit Union within 60 days after your primary insurance company issues a settlement check.

Features of MEMBERS CHOICE Guaranteed Asset Protection Plus

90-day free look you may cancel your protection within 90 days of your enrollment date and receive a full refund and no cancellation fee.

Available on loans protects new and used vehicles.


If you have any loan questions, please contact us during normal business hours.

By email: loans@lebanonfcu.org

By phone: (717) 272-2210 option 1 for the Loan Department