Assisting Our Membership With COVID-19 Uncertainty
Here at Spirit of Alaska, we know that getting an auto loan can be tough and is a big decision. It’s normal to have questions about everything: from the best rate for you, to loan terms and promotions. We work hard to make it easy with simple applications and friendly loan officers.
So, whether you’re interested in purchasing your first car, replacing an older one, or simply getting a better interest rate on your existing automotive loan, our loan officers are here to help. Keep in mind that reconstructed and classic cars are subject to higher interest rates, but we have programs for those too.
Apply now from your computer, mobile phone, tablet, or in person with one of our friendly loan officers. More questions? Contact Consumer Loans at 907-459-5970.
Comprehensive auto loans to help you purchase the vehicle of your dreams
- As low as 2.50% APR* for new passenger vehicles, on approved credit.
- Pre-approvals and same-day approvals available in most cases.
- Loans for both new and used vehicles.
- Up to 96 monthly payments.
- A simple application process for both online and in-branch.
Purchasing a brand new car this year?
New Model Vehicles
2.50% APR on approved credit and terms**
- New model autos, trucks and vans only
- Up to 60 months
- 100% Financing
Absolutely love this credit union! The staff is always so friendly & so helpful. They do a great job servicing our loans & have been extremely helpful when needing to make vehicle purchases, etc. out of town. HIGHLY RECOMMEND!!!Jessica Rady
Refinance as low as 2.75% APR o.a.c
Spirit of Alaska FCU can often refinance your vehicle at a great rate, especially if your credit has improved. Our current rate promotion is available through 6/30/2021, so don’t miss your opportunity!
For best rates, borrower must have A-grade credit. 100% MAX Loan to value. Rate promotion is for New & Used passenger-vehicle models. Financing not available with a co-signer or for re-financing existing SOAFCU loans. All approvals must be funded within 30-days.
*Lowest interest rate available, including promotional discount, is 2.50% Annual Percentage Rate, on approved credit. Loan fees and terms may vary and will be disclosed at the time of the loan verbally and in the contract. Financing over the retail or MSRP value may result in a higher APR. See the Rates tab on this page for complete interest rate and fee details.
**New Model Vehicles
Annual Percentage Rate on approved credit. New Model Rate is for new passenger-vehicle models of the current year of the application. Borrower credit score must be 725 or higher and borrower(s) must meet all criteria of an A+ borrower. No co-signer deals, refinancing, or used autos allowed. All approvals must be funded within 30 days. 100% max loan-to-value, prior to fees and back-end, with a max term of 60 months. The promotional rate is available until 6/30/2021.
Auto Loan Rates
Type of Loan Term APR*
New Model Autos, Trucks & Vans**Outdoor Show Special
Promo rate good from 5/01/2021 to 06/30/2021
Up to 60 months. Term based on value of vehicle. Fixed Rate As Low As 2.50%
New & Used Non-Commercial Vehicles†Outdoor Show Special
Promo rate good from 5/01/2021 to 06/30/2021
Up to 96 months. Term based on value of vehicle. Fixed Rate As Low As 2.75%
Up to 96 months. Term based on value of vehicle. 75% of value max financing. Fixed Rate As Low As 4.90%
Up to 72 months. Term based on value of vehicle. 50% of value max financing. Fixed Rate As Low As 6.15%
Refer to our Pricing Guide (PDF) for transaction and activity fees, as well as credit union membership fees. A loan processing fee of $35 will be charged per signer. Other loan fees and terms may vary and will be disclosed at the time of the loan verbally and in the loan disclosures.
*APR = Annual Percentage Rate. Current as of 19 June 2021. Up to 100% financing available, some restrictions may apply. Interest rates and terms dependent on credit qualifications. Interest rates on new Non-Commercial Auto’s, Trucks, Vans, Classic and Reconstructed vehicles are subject to change at any time. Loans under $2000 may have substantially higher APR. Optional Spirit of Alaska Protection and GAP Coverage available.
New Model Vehicle Rate
**On Approved Credit. New Model Rate is for new passenger-vehicle models of the current year of the application. Borrower credit score must be 725 or higher and borrower(s) must meet all criteria of an A+ borrower. No co-signer deals, refinances, or used autos allowed. All approvals must be funded within 30 days. 100% max loan-to-value, prior to fees and back-end, with a max term of 60 months.
†Promotional Rates On Approved Credit. The lowest rate is available for A-grade borrowers. 100% MAX Loan to value. Rate promotion is for New & Used passenger-vehicle models. Financing not available with a co-signer or for re-financing existing SOAFCU loans. All approvals must be funded within 30-days.
Contact the Loan Department at (907) 459-5970 for more detail.
Federal law requires us to verify all identities when opening new accounts. If you are applying with a joint applicant, their consent is implied when the application is submitted with the online loan application.
This calculator is not supported for Internet Explorer. Please use an alternate browser, such as Edge, Firefox or Chrome. Alternatively, try this simple Auto Loan Affordability Calculator.
Other Auto Loan Calculators from Banzai
Compares a current auto loan with a possible refinanced loan with an emphasis toward paying the refinanced loan quickly and lower the overall amount owed.
Compares a current auto loan with a possible refinanced loan with an emphasis toward lowering the user’s current monthly payment.
Demonstrates how much money and time can be saved by paying down an auto loan faster than the loan term.
These calculators do not include loan fees or optional GAP or MRC insurance.
Frequently Asked Questions
Can I get a loan on a reconstructed vehicle?
Yes. However, Spirit of Alaska will only finance 50% of the vehicle’s value, on approved credit.
- What dealerships work directly with Spirit of Alaska?
What are the requirements for proof of insurance?
Make sure that Spirit of Alaska FCU is listed as the lienholder on your insurance policy statement, with an address of:
Spirit of Alaska FCU, P.O. Box 791647 San Antonio, TX 78279-1647
Deductibles for comprehensive and collision should not exceed $500. We do not accept insurance cards as proof of insurance.
I already have an auto loan with Spirit of Alaska. How do I inquire about my insurance coverage?
For inquiries and to change your insurance information, visit www.imcovered.com/spiritofak, or call 866-201-0921. You can also fax your policy to 866-895-2553.
How do you determine the value of a vehicle I want to purchase, for the purposes of the loan?
Spirit of Alaska FCU determines the loan value of a vehicle by Nada Guide estimates at nadaguides.com.
Can I skip a payment on an auto loan?
Yes. If your credit is approved, you can get some financial breathing room and additional flexibility with this special offer. Just let us know which loan payment you would like to skip. Your loan must be up to date. Normal interest charges will continue to accrue, and your skipped payment will be added to the end of your loan term.
How can I find out my loan balance?
You can find all your loan information by accessing e-Teller, our online banking application.
Can I change the loan payment date?
Yes. Come in to one of our branches and our loan officers can help you with changing your payment date.
Can I get my loan payments deducted automatically from my checking or savings accounts each month?
Yes. Come to any of our branches or download and fill out an Automatic Payment Authorization form.
How can I get more loan payment coupons?
Spirit of Alaska can issue loan coupons for a small fee of $5. Call 907-459-5970, come in and see us, or print a blank coupon.
- Can I get a loan on a reconstructed vehicle?