Vehicle Loan Preapproval

Choose your loan and vehicle

For a loan exceeding your preapproved amount, use this application instead.

(1) Subject to the terms herein, this firm offer of credit preapproves you for at least $10,000 of credit and is valid until September 30, 2025.

(2) Vehicle value will be required to determine maximum amount financed, not to exceed your preapproved amount.

Borrowers

*This offer is part of a firm offer of credit and is conditioned on your continuing to meet the criteria used to prescreen this offer and on your verification of annual income equal to or greater than twice the preapproved amount. Verification of income could be satisfied by providing a current paystub, and/or retirement statement and/or income tax return. Information included on your consumer credit report was used in connection with this solicitation. You received this offer by satisfying criteria for creditworthiness as established by Star One Credit Union. If applicable, credit may not be extended if, after you respond, it is determined that you do not meet the criteria used for screening or any applicable criteria bearing on creditworthiness such as income verification. All accounts with Star One must be in good standing and proof of income is required for this offer. Higher loan amounts may require a credit application.

Build your loan

(3) Debt Protection with Life Plus

Your financial safeguard against the unexpected

Life can take some unexpected turns. That’s why there’s Debt Protection with Life Plus.

Financial Protection for the unexpected – protect the ones that matter most. Debt Protection with Life Plus could help your family’s financial situation against a variety of covered life events:

• Involuntary unemployment
• Disability
• Death

For additional protections, Life Plus can extend your Debt Protection to address a wide range of circumstances, giving you the reassurance of knowing you’ve taken steps to help secure your finances.

• Accidental dismemberment
• Terminal illness
• Hospitalization or family medical leave
• Death of a non-protected dependent

Things to know about Debt Protection with Life Plus

• It’s easy: Simple to apply for.
• It’s budget-friendly: Comfortably fits into your monthly payment.
• It puts you at ease: Rest easy, knowing you’re taken care of in so many problem situations.

Take an important step toward financial security.
Ask us about Debt Protection with Life Plus today.

Debt Protection is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions and exclusions may apply.

Please contact your loan representative or refer to the contract for a full explanation of the terms. You will receive the contract before you are required to pay for Debt Protection. You may cancel the protection at any time. If you cancel protection within 30 days, you will receive a full refund of any fee paid.

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(4) Guaranteed Auto Protection

Guaranteed Asset Protection (GAP) with PowerBuy covers the difference between your loan balance and the amount your insurance policy would pay out if your vehicle were to be damaged beyond repair ("totaled") or stolen and never recovered. Your insurance policy will pay you the cash value of the vehicle, while GAP coverage is paid when the loan balance is higher than the vehicle's actual cash value paid by your insurer.

In addition, with PowerBuy, you may be eligible for up to $6000 toward the financing of a replacement vehicle (autos and motorcycles) if the vehicle is financed through the Credit Union within 90 days of settlement. See our GAP PowerBuy PDF brochure.

For boats and recreational vehicles, the benefit is up to $1000 toward the financing of a replacement vessel/vehicle if the vehicle is financed through the credit union within 90 days of settlement.

View our Guaranteed Asset Protection PDF brochure.

Protection Benefits

• Protects your credit rating
• Eliminates or reduces out-of-pocket expenses for the remaining loan balance after a loss settlement
• You may purchase a replacement vehicle sooner because there is little or no carry-over balance
• Maximum benefit:
  • Motorcycles: $50,000
  • Automobiles: $100,000
  • RVs and boats: $125,000
• May be purchased up to one year from effective date of loan

Exclusions and deductibles may apply.

(5) Major Mechanical Protection

Get financial protection against many mechanical breakdowns that normally fall outside of the manufacturer's warranty, or which occur after the warranty has expired.

MMPI is available for new and used vehicles. Add-on miles available—up to 105,000 miles on top of current odometer.

What does MMPI cover?

MMPI can cover the costs of many major repairs, such as engine, transmission, drive axle, fuel system, and electrical, just to name a few.

MMPI can also help with 24-hour roadside assistance, rental-vehicle assistance, key-fob replacement, a tire-protection plan, and trip-interruption coverage.

Deductibles per visit are $0 (surcharge applies) or $100 (standard), and three different plans are offered: Select, Deluxe and Ultimate.

View more details in our Major Mechanical Protection PDF brochure.

Exclusions and deductibles may apply. Some vehicles are ineligible for MMPI—such as RVs, Subaru WRX, all Porsche and Tesla models, and others. View a list of ineligible vehicles here.

Documents you need

1. Verification of income—current paystub and/or retirement statement and/or income tax return
2. Proof of auto insurance—copy of current insurance card showing preapproved borrower as a policy owner or insured driver
3. See below list of vehicle loan transactions and click on applicable transaction for a list of documents needed to process your loan.

1. Dealer purchase from a franchise dealership (a franchise dealership is licensed to sell new and used vehicles)
2. Dealer purchase from a non-franchise dealership (a non-franchise dealership is only licensed to sell used vehicles)
3. Refinance from another financial institution
4. Refinance for cash out (clear title)
5. Private party purchase (clear title)
6. Private party purchase (financed vehicle)
7. Private party purchase (leased vehicle)
8. Lease buyout (own vehicle)

This preapproval offer expires September 30, 2025. After submission you will hear from us within two working days. Call or e-mail us for additional information.