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Vehicle Purchasing List
TipsAlways take a dealer rebate and finance through your credit union! 0% financing can wind up costing you more money in the long run. Visit www.vbsfcu.org for more information.
VBSFCU is partnered with several local used and new auto dealers. Please ask your Loan Officer for more information.
GAP protection is available to you. If the vehicle is deemed a loss by your insurance company this protection will cover the difference between your insurance settlement and the balance of your loan. GAP also provides $1,000 towards the purchase of a new vehicle.
Extended Warranty is also available.
My InformationMy Loan
Officers’ name is: _____________________________________________________
Phone number: 463-3650 ext. ___________________________________________
My 10-day pay off is $ __________________________________________________
and it is good through: _________________________________________________
Interest rate: __________________________________________________________
Payment terms: _______________________________________________________
Approved for $ ________________________________________________________
My Dealer’s name is: ___________________________________________________
Phone number is: ______________________________________________________
New Car’s VIN is: ______________________________________________________
My insurance company is: _____________________________________________
Their phone number is: ________________________________________________
the smart way to buy a car
For a list of nationwide branches and ATMs visit www.co-opsharedbranch.org
© CUAdvantage.com • 877.799.0784 • 4/19
Join VBSFCUStudents, Parents & Staff: • VB Schools• VB Adult Learning Center• VA Wesleyan University• St John the Apostle Catholic School• Virginia Beach Art Institute
Staff: • Accomack County Schools• Northampton County Schools
Visit Us for Hours & Locations www.vbsfcu.org
Loan CenterVehicle & Personal Loans: 757.306.7999Home Equity & Mortgage Loans: 757.306.7998General Loan Questions: 757.463.3650 option 1
Contact VBSFCU757.463.3650 • TF 877.482.7328Infoline 24-Hour Access • 757.486.3525Financial Literacy • 757.463.6097
Account Questions? Try our secure email option inside SmartLink Home Banking. • Log on to SmartLink Home Banking • Tap/click on Services, then select Secure Messaging
Refinancing An Existing Car Loan Apply online at www.vbsfcu.org, come into the office, or call us at 757.463.3650, option 1.
Purchasing A Vehicle From A Private Owner When Title Is Free And Clear
Get Preapproved by VBSFCU. Apply online at www.vbsfcu.org, come into the office, or call us at 757.463.3650, option 1.
Information we will need: Vehicle Identification Number (VIN)
and current mileage
Name or names on the title (copy of title if available or copy of registration)
Purchase price
Insurance verification – add the vehicle on to your insurance policy and have your insurance com-pany fax us a copy of the policy showing Virginia Beach Schools Federal Credit Union as loss payee and full coverage insurance (collision and compre-hensive coverage).
4.15% Sales Tax to DMV
The seller, with the title, should accompany the member (buyer) to the closing OR the member must get a Power Of Attorney form for the seller to sign. The member is responsible for having the seller sign & returning it to the Credit Union.
Information we will need: 15 day pay off from financial institution,
address, account number & phone number
Vehicle Identification Number (VIN) and current mileage
Names that are listed on the title (copy of registration)
Insurance verification – Change your loss payee to VBSFCU and then have your insurance company fax us a copy of the policy showing Virginia Beach Schools Federal Credit Union as loss payee and full coverage insurance (collision and comprehensive coverage).
If there is a lien on the title, the Seller needs to have power of attorney and a letter to the financial institution at the time of closing.
Refinancing An Existing Lease Get approved by VBSFCU. Apply online at www.vbsfcu.org, come into the office, or call us at 757.463.3650, option 1.
Information we will need: Letter from lease company showing payoff
figure, odometer statement & any other papers sent by lease company, address and account number.
Names on lease (copy of registration)
Vehicle Identification Number (VIN) and current mileage
Insurance verification – Have your insurance company fax us a copy of the policy showing Virginia Beach Schools Federal Credit Union as loss payee and full coverage insurance (collision and comprehensive coverage).
Purchasing ChecklistNew Or Used Vehicle
Get Preapproved by VBSFCU. Apply online at www.vbsfcu.org, come into the office, or call us at 757.463.3650, option 1.
n Go Shopping using our Smart Search website. When you choose your vehicle the information we will need:
n Have the buyer’s order faxed to VBSFCU Loan Center
(757) 463-0106
n Invoice showing MSRP on new vehicle (can be a copy of the window sticker)
n Insurance verification – add the vehicle on to your insurance policy and have your insurance company fax us a copy of the policy showing Virginia Beach Schools Federal Credit Union as loss payee and full coverage insurance (collision and comprehensive coverage).