OKLAHOMA AUTO LOAN FINANCING

FAQ about Auto Loans, Oklahoma

• What vehicles can I buy with WEOKIE financing?

  Whatever type of vehicle you want, WEOKIE offers flexible financing to purchase or refinance new or used:

  • Cars
  • Trucks
  • Recreational vehicles (RVs) 
  • All-terrain vehicles (ATVs)
  • Motorcycles
  • Boats
  • Personal watercraft
  • Commercial vehicles, trailers, and more. 

  You may be able to lower your monthly payment when you refinance your current vehicle loan with us.

• Can I refinance my existing auto loan that I have through another lender?

  Yes! Our goal is to help you keep your hard-earned money in your pocket. If you have an auto loan somewhere else, we can likely reduce your monthly payments. Refinancing your vehicle is quick and easy and offers significant savings.

  Refinance with WEOKIE and save! As a bonus, you can get 1% cash back and no payments for 60 days.

• Can I get an auto loan if I have poor credit or no credit?

  Yes, we believe that access to transportation is important, and therefore strive to provide affordable auto loan options for all. We are affordable loan experts and WEOKIE can help you get a loan payment that fits both your needs and your budget!

  In addition to our standard auto loan financing options, we have developed our Smart Path loan program to help those with less-than-perfect credit or no credit at all. It is an awesome solution to make sure you still have access to a reliable car at a reasonable interest rate of 12.99% APR. In order to qualify, your vehicle must be purchased through First Rate Autos.

  • Up To 100% Financing Available.
  • Terms up to 84 months. 
  • Payments deferred up to 60 days
  • Protection options, including payment protection and mechanical repair coverage, are available.

  We believe you deserve the chance to cruise around in a good car with a realistic payment, regardless of your credit history!

• Why can WEOKIE offer lower rates than some other lenders?

  WEOKIE is a not-for-profit credit union, not a bank. While banks are focused on earning a profit for its stakeholders, we focus on returning our profits to our members by offering lower fees and lower interest rates.

  You can view our current Auto Loan rates on the Loan Rates page of our website.

• Are there any other benefits of becoming a WEOKIE credit union member?

  Yes, when you join WEOKIE as a member, you become a part-owner of our credit union. In addition to great loan rates, you become eligible for exclusive discounts, financial education resources, and premier online banking services.

  Another reason to finance your car with us is that we look beyond the numbers to the person filling out the application. We consider other factors beyond your current credit score when we review your application.

• Can I get an auto loan if I have an ITIN and not a SSN?

  Yes, we can help you if you have an Individual Tax Identification Number (ITIN) rather than a Social Security Number (SSN). At WEOKIE we are committed to supporting everyone in our community in their financial journey. 

  Whether you're looking to buy a car, truck, SUV – or even finance a boat or RV – WEOKIE has options for applying with an SSN or ITIN. 

  We offer the same great products, affordable fees, and terms. If you are ready to get started, WE are ready to help you finance your next major purchase.

• How can I apply for my auto loan?

  We know your time is valuable, so we’ve made applying for a WEOKIE auto loan easy and convenient with our online application process.  We have 13 locations and you can apply in person at a branch, or over the phone by calling us at 405-235-3030 or 1-800-678-5363.

• How long does the loan process take?

  Our simple online application takes only about five minutes to complete. We’ll contact you – often the same day you apply – on the status of your approval. Your loan will be funded once the process is complete and the title has been obtained. 

  We are eager to help you save money, whether you’re buying your very first car or refinancing an existing car loan.  We can even send over your signing documents electronically to make things super easy.

• Do you offer any services to help me buy a car?

  Yes! Whether you already have a specific car in mind or are still searching for the right vehicle for your family, we make it easy for you to shop online with AutoSMART. You can also shop through our dealer partner First Rate Autos.

  We partner with dealers you know and trust so that we can offer you a vast inventory to find your next vehicle. Just let your salesperson know that you will be financing with WEOKIE. If you’re leaning toward a private party purchase, you can count on us too.

• Can I use auto financing to purchase a car through a dealer?

  Yes! With WEOKIE's online car-buying resource center, AutoSMART, we make finding your next vehicle easy and fast. We have partnered with dealers you know and trust so that we can offer you a vast and diverse inventory to shop your next vehicle. 

  AutoSMART allows our partner dealers to handle your WEOKIE transaction from start to finish.  You can stop in and get preapproved at any of WEOKIE's convenient locations, by applying online, or apply right at any AutoSMART dealership. Just let your salesman know that you will be financing with WEOKIE.

  Together, WEOKIE and AutoSMART can offer you:

  • Research tools to help with the selection of your next vehicle
  • The convenience of credit union financing at the dealership
  • Unbeatable member service

• Can I use auto financing for a private party sale?

  Yes, you can apply for an auto loan in the usual way and just let us know you plan to buy from a private party. Apply online or contact WEOKIE’s Call Center at 405-235-3030 or 800-678-LEND to reach us. 

  Signing documents can be accomplished electronically.

• How long will it take to receive a vehicle title when I pay off my auto loan?

  For Oklahoma titles:

  If you financed your vehicle with WEOKIE after July 1, 2022, the title and lien will be processed within 7 business days of the loan payoff.

  If you financed prior to July 1, 2022, then just the lien will be processed within 7 business days of the payoff.

  All other states:

  Titles and liens will be processed according to each state’s requirements.

• How long will it take to receive a lien release when I pay off my auto loan?

  Liens are released within seven business days. If you need the release sooner or have any questions, please contact us at 405-235-3030 or 1-800-678-5363.

• What insurance requirements do you have for auto loans?

  When you have an auto loan with WEOKIE, it is required that you carry full coverage that includes comprehensive and collision for the value of the loan. If you switch insurance, please remember to send in a new proof of insurance. If insurance lapses, you may be subject to force-placed insurance and any costs associated with it.

• Do you have a list of repossessed autos?

  WEOKIE offers a full list of properties that we currently own, including foreclosed homes and cars. The majority of repossessed vehicles are sold by First Rate Autos. First Rate Autos offers a no-hassle auto purchasing experience and low financing for all vehicles.

  For more information, please visit our Repo Vehicles page.

• What should I do if my car was damaged by hail?

  When a natural disaster occurs, such as hail, you can count on WEOKIE to help guide you through the process. If you have a WEOKIE Auto Loan and your vehicle has been affected by hail damage, here is what you need to know.

• Where should Letters of Guarantee requests by sent?

  Our Operations Support Team handles all Letters of Guarantees

  
  Email: operationssupport@WEOKIE.org 
  Fax: 405.603.1081
  Text: 405.546.1795 for a secure link to upload documents
  Documentation required: LOG Form, Payoff Request, Total Loss Settlement/Vehicle Valuation, Member(s) Written/Signed Authorization to Release Information.