See All | Contract
Financial Education

Financial Tip

New vs Used Auto- Which Is Best? 

One of the biggest dilemmas consumers have when in the market for a vehicle is whether to buy new or used. While each situation is unique, here are a few things for you to consider before making a decision.

New Auto 

  • Fewer repair costs during initial warranty
  • Initial cost can be higher, but interest rates generally lower
  • New cars depreciate in value quickly
  • Up-to-date technology and features

Used Auto

  • Get vehicle inspected before making purchase
  • May be cheaper to buy
  • Have to account for repairs/maintenance
  • Lower costs for insurance and taxes

Factors such as gas mileage and overall maintenance costs can factor into your decision as well. Whatever it is you decide, LOC's low-interest rates can help you save money and put you in your dream car. So check with us before you start shopping.

see Rates Apply Now

Surcharge-Free ATMs

Enjoy the convenience of accessing more than 30,000 fee-free ATMs for deposits and withdrawals through the CO-OP Network.  Look for this symbol:

Co-op ATM network

Branch & ATMs

Find a Branch or ATM near you.

Click here

Make An Appointment

Contact Us

Toll Free: 800.837.4562

Email Us

LOC Credit Union facebook  LOC Federal Credit Union linkedin  LOC Federal Credit Union YouTube

Find Us Call Us
Back to Top