Assisting Our Membership With COVID-19 Uncertainty
We know how important power toys are to Interior Alaskans. Toys aren’t just for fun, but to get work done and for everyday transportation.
Skim through powder on a new snowmachine, get dirty on an ATV or cruise the summer highways on a motorcycle. You can even ramp up the fun in our short summers with a jet-ski on the Chena River.
Spirit of Alaska offers comfortable terms on a toy loan; you can even apply and close at your local dealership.
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.
Loans for ATVs, motorcycles, personal watercrafts and other off-road power toy vehicles
- Low New and Used interest rates on approved credit
- Friendly loan officers and personal service
- Up to 72 month terms with flexible financing options
- Same-day approvals
- Close at a dealership
"Received in a card from a member: "C. - Thank you for all you do. You make our lives easy. Cheers, D. & D. K."- A. B.
The lowest interest rate available, including any promotional discount, is a 3.75% annual percentage rate, on approved credit. Loan fees vary and will be disclosed at the time of the loan verbally and in the contract. See the Rates tab on this page for complete rate and fee details.
Financing over 100% of MSRP may result in higher rates.
Type of Loan Term APR*
New and Used Power Toys
Up to 72 months. Term based on value of collateral. Fixed Rate As Low As 3.75%
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. 90 days until first payment available for approved borrowers.
* APR = Annual Percentage Rate. Current as of 10/1/2019. Up to 100% financing available, some restrictions may apply. Rate will be higher if financing over 100% MSRP. Interest rates and terms dependent on credit qualifications. Interest rates on new New and Used Power Toy Loans are subject to change at any time. Loans under $2000 may have substantially higher APR. Optional Spirit of Alaska Protection and GAP Coverage available.
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
- What dealerships work directly with Spirit of Alaska?
Do you do loans for airplanes?
No. We aren’t able to originate loans to purchase an airplane at this time.
I already have a toy loan with Spirit of Alaska. How do I inquire about my insurance coverage?
For inquiries, or 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.
What are the requirements for proof of insurance?
Proof of Insurance Requirements
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.
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 a power toy 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.
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 in 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 online.