Before you set foot on the car lot in Palm Beach County, get preapproved for an auto loan at Velocity Community Credit Union. Getting preapproved for a car loan will make it so you know what kind of rate you’ll pay, and what size loan you’re qualified for. 

Apply online or call us at (561) 264-8250 to get started!

If you have questions about how much car you can afford, or how financing works, a Velocity Community Credit Union loan officer will be happy to help.

To apply for preapproval, you’ll need to show:

• Name and address
• Social Security number
• Driver’s license number
• Employer information (name, hire date, gross income)
• Current housing information—monthly payment, time in current residence
• Debt obligations—current credit card debt, home association dues, auto insurance

For first-time car buyers, we have a First-Time Auto Buyer Program to help young adults get into the car they want at a great rate.

Buyers need to:

• Complete the Car Buying course on KOFE, pass the quiz with an 80% or higher, and send in the certificate with your other documents 
• Show proof of insurance
• Provide two references
• Show proof of employment for at least a year

Once preapproved, you’ll receive a preapproval letter that you can take car shopping showing the amount you’re approved for.

Get preapproved before going to the dealership to show the car sales staff that you are serious about buying a car. It also removes the pressure of negotiating financing contracts at the dealership and allows you to focus your attention on finding the right vehicle. And, if you need another incentive, our low auto loan rates can get you on a faster track toward making your dream car a reality.

Not wanting to deal with the dealership at all? Take advantage of AutoAdvisors, a complimentary member service that takes the hassle out of car buying! Autoadvisors will help you find the perfect car and negotiate a great deal for you. Plus,  if you go through AutoAdvisors, we’ll take 0.15% APR off your approved Velocity Community rate!¹

Apply online or call Velocity Community Credit Union today. We’re here to help with all of your vehicle loan needs.

1) Special Auto Advisor Discount applied to your approved auto loan rate from your credit union. Restrictions apply. Contact credit union for complete details. AutoAdvisors receives a transactional fee from the dealer not dependent on dealer profit. Membership and credit requirements apply.