Auto Draft Pre-Approved Auto Loan 

 Auto Draft is a pre-approved auto loan that gives you the bargaining power of cash and ensures you can negotiate the best price on the vehicle you’ve selected. Once you’re approved, and after you’ve negotiated the best price on your car, just sign over your Auto Draft. It’s like writing out one of your own checks! 
Additional benefits:

• 1% Cash Rebate on the amount of your Auto Draft Loan. (for example: use an Auto Draft for $20,000, and you'll get $200!)*
• Use it at any licensed car dealer.
• Get approved today...use the check when you’re ready to make a vehicle purchase. 
• There’s no need to come to the Credit Union to sign additional papers.
• Your rate will be CVCU's current auto loan rate at the time you make your vehicle purchase.
• Interest accrues after you’ve signed the check over to the dealer.
• Auto Draft minimum is $5000.

*The cash rebate check will be sent to the borrower after the loan has been active for 90 days.

 Call Center: 715-627-4336 or
toll-free 1-800-398-2667

Please email us with questions or comments.

PRIVACY POLICY

Read what members are saying about their great experiences with Auto Draft!

"We knew we wanted a car that was a little different. And because we were pre-approved for an Auto Draft with CoVantage Credit Union, we knew exactly how much we could spend. Our loan officer, Keith, gave us a blank check that we could write to any dealership, in any town, for any car we wanted to buy. He called it an Auto Draft loan, and it worked just like having a suitcase full of cash. We picked out our car, settled on a price, and handed the salesman our check. Then we drove away, in our cool yellow Mazda Protegé5!And you know what's really different - CoVantage Credit Union gave us a cash rebate just for using their Auto Draft loan!"

---A Couple from Antigo

"We were attracted to CoVantage Credit Union because we knew they had great rates. We started out by calling Dana in their Call Center, and within a few hours our loan was approved. Dana even let us choose which office we wanted to sign loan papers at. We went to Crandon where Lisa handed us our Auto Draft, which was ready and waiting, and we were off to the dealership. As easy as that! We can honestly say that before using Auto Draft we had never looked forward to buying a car. But using Auto Draft was just like writing our own personal check - there were no problems at all! We picked out this great van, handed over our Auto Draft, and we were off to have some fun with our family. The kids love the van, and we love the idea that we got a check for $227 from CoVantage Credit Union just for getting our loan with them."

---A Family from Crandon

"We spend a lot of time in our truck, so we didn't have a lot of time to spare when we got our loan. We called CoVantage Credit Union and told them over the phone how much we needed to borrow. Because we had already signed an open-end loan agreement, all we had to do was stop in, and the receptionist handed us our Auto Draft check - no papers to sign! When we got to the dealership, everything went really fast too because all we had to do was fill out our Auto Draft which was just like writing out one of our own checks. If great rates and fast service are important to you and your family, we recommend CoVantage Credit Union's open-end loan agreement and pre-approved Auto Draft loans."

---A Family from Deerbrook