Purchase from an Individual

Select the type of Vehicle
  • Benefits/Good to Know
  • Finance Your ATV
  • Tools
  • FAQs
 

Benefits

  • Competitive interest rates
  • No penalties if you choose to pay off your loan early
  • Low-cost optional payment protection insurance
  • Free online loan calculators
  • Convenient payment options
 
 

Good To Know

Electronic Title 

The electronic lien and the title program is a paperless method that allows TXDMV and a financial institution or lienholder to exchange vehicle title information electronically. The title record is sent electronically and the lienholder stores the electronic record instead of a paper Certificate of Title. The electronic title is created and held by TXDMV in the state motor vehicle database. When the loan is paid in full upon lien holder's request, the TXDMV will print a paper title and mail it to the owner. 

Loan Payoff

10 business days after a loan has been paid off, JSC FCU will automatically release the electronic lien with TXDMV. After 10 business days has passed, the State will then mail a paper title to you within 7 to 10 business days to the address the Credit Union has on file. If the address on record is incorrect, please update your address with the Credit Union to ensure the title comes to the correct address. Any address changes should be made prior to loan payoff.

GAP (Guaranteed Auto Protection) Insurance

GAP insurance helps pay off your remaining loan balance if your ATV is stolen or damaged, and is deemed to be a total loss. GAP insurance bridges the "gap" that can occur when the unexpected (accident or theft) happens to your ATV. It bridges the amount you owe and the amount your ATV insurance covers for your ATV.

Benefits Include:

  • Protection for the term of your loan up to 72 months.
  • Coverage for ATVs financed up to $50,000.

You may even qualify to add the cost of GAP to your loan. Please contact JSC FCU representative.

Co-borrower
  • The co-borrower, must be a JSC FCU member.
  • Interest rate is based on the qualified co-borrower - parent, grandparent or legal guardian.
  • Loan qualification is based on the parent, grandparent or legal guardian.
  • The co-borrower may choose the name(s) listed on the title. (Both the borrower and co-borrrower or one or the other.)
Taxes & State Fees*
  • Title Application Fee: $35.50 ( Harris County)
  • New Resident Fee (if applicable): $90 or the difference between the two states sales tax.

* Taxes & State Fees may change without notice. Visit www.txdmv.gov for most current taxes and fees.

Finance Your ATV

JSC FCU offers extremely competitive interest rates and terms for both new and used vehicles. Use this guide to apply for a loan, find your vehicle and to finalize your loan – we even explain the process in between so you know exactly what’s needed to expedite the process. 

Use the print icon located at the top right to conveniently print the provided information.

Pre-Approval
  • What you will need to provide at time of application:
    • Personal contact & employment Information
    • Proof of Income
      • W2
      • Pay Check Stub
      • Self Employed: Two years of tax returns
    • Collateral Information (Optional)
      • VIN Number
      • Year/Make/Model
      • Mileage
      • Color
      • Features
    • Amount Requesting & Down payment (if applicable)
  • Member will receive a pre-approval letter (email for online apps) from a loan officer/processor. This will be your point of contact for your loan closing.
Prior to Loan Closing
  • If the ATV is financed, the Member should ask the seller to obtain a 10-day payoff from their financial institution. The 10 day payoff must include the name, account number and payoff address of their financial institution. The payoff amount should be dated 10 calendar days from the expected loan closing date.
  • If the ATV is not financed, the seller will need to bring their clear title to loan closing.
  • Member should contact their Insurance Agent to obtain an Insurance Card and an Insurance Policy or
    Declaration Page listing the ATV and JSC FCU as Lien Holder with a max Comp / Collision of $1,000. Member should bring this document to loan closing.
  • Member should contact their loan officer to schedule a closing appointment.
 
Loan Closing
    • The buyer and all parties listed on the title must be present.
    • Documents to bring to closing
      1. 10-Day Payoff if applicable(Provided by Seller)
      2. Clear Title if applicable(Provided by Seller)
      3. Insurance ID Card and Insurance Policy or Declaration(Provided by Purchaser)
      4. Current State Issued Photo ID (All parties)
    • Member chooses optional products:
      • Guaranteed Auto Protection (GAP) Insurance
      • Credit Life / Disability Insurance
    • Member chooses payment options
      • Mail payment coupons
      • Scheduled Transfer
      • ACH payments (from another financial institution)
      • Electronic Transfer (through eBanking)
    • Member signs loan documents

Tools

 

FAQs

Can anyone get a loan from a credit union?

Only a member of a Credit Union can apply for a loan. To find out if you are eligible for membership or for information about becoming a member click here.

How many months can I finance an ATV  loan?

You may be able to finance up to 72 months. Please contact a JSC FCU representative for more details.

Can I apply for a loan if I haven't found an ATV yet?

Yes, you may apply for the approximate amount you will finance and obtain a pre-approval good for 30 days.

Is there a pre-payment penalty on ATV loans?

No, you may pay your loan off at any time.

What is the maximum age of an ATV I can finance? 

We prefer the ATV being less than 8 years old.

How much can I borrow on an ATV loan?

You may qualify to borrow up to 120% of NADA clean trade on an ATV loan.Please contact a JSC FCU representative for more details.

How do I know if my loan is approved?

You will be contacted by the loan officer assigned to your application.

How long does it take to get a loan approved once the application has been turned in?

Loans are typically approved the same day.

How is interest calculated on an ATV loan? 

Divide the interest rate by 365 days (# of days in a year), multiply by the principal balance (this gives you the per diem), then multiply that by the number of days from payment to payment. Interest is calculated daily on the unpaid principle balance of the loan.

Do you offer credit life and disability insurance on an ATV loans? 

Yes, we offer credit life and disability insurance on our ATV loans.

Does the title have to be in my name?

Whoever is on the loan can be on the title. 

Can I pick up my title at the Credit Union? 

JSC Federal Credit Union no longer holds paper titles at the Credit Union. 

What is electronic title? 

The electronic lien and the title program is a paperless method that allows TXDMV and a financial institution or lienholder to exchange vehicle title information electronically. The title record is sent electronically and the lienholder stores the electronic record instead of a paper Certificate of Title. The electronic title is created and held by TXDMV in the state motor vehicle database. When the loan is paid in full upon lien holder's request, the TXDMV will print a paper title and mail it to the owner. 

What happens when I payoff my vehicle? 

10 business days after a loan has been paid off, JSC FCU will automatically release the electronic lien with TXDMV. After 10 business days has passed, the State will then mail a paper title to you within 7 to 10 business days to the address the Credit Union has on file. If the address on record is incorrect, please update your address with the Credit Union to ensure the title comes to the correct address. Any address changes should be made prior to loan payoff.

What can I do to receive my title sooner? 

You can request for receive your title sooner by completing the Early Title Release Form and paying with guaranteed funds (cash, verifiable cashier's check, transfer from JSC FCU account, Shared Branch account or wire transfer).

The JSC FCU Title Department will electronically release the Credit Union's lien the next business day. The State will then mail the title to the member within 7 to 10 business days to the  

Title requirements are subject to change due to each individual loan scenario.

JoomShaper

Locate a Surcharge Free ATM or Shared Branch

eBanking Login