Mailing Address: PO Box 780004, Myrtle Beach, SC 29578-7804
Phone: (843) 448-2133 / Hours & Locations / Contact Us
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Home Loans
New and Used Vehicle Loans

If you're shopping for a new or used vehicle, contact Carolina Trust first. We finance cars, trucks, boats, motorcycles, RVs, utility vehicles, and farm equipment.

If you're looking for a particular payment amount or would like to know how much you qualify to borrow and at what Annual Percentage Rate (APR), just contact our loan department at (843) 448-2133 or apply online.

Vehicle Loan Perks and Discount Options:
  • We offer same low rates on new and used vehicles up to seven model years old.
  • We finance up to 100% of vehicle's NADA value.
  • We offer a 0.25% rate reduction for having your monthly vehicle loan payment automatically drafted.
  • We offer a 0.50% APR Green Auto Loan discount if you choose a U.S. Government EPA designated SmartWay® eco-friendly vehicle. Lots of cars qualify not just hybrids and small cars.
  • We offer competitive rates for used vehicles older than 7 model years.


        

Check your Member Reward points to see if you have enough points to request an additional 0.25% APR reduction on an approved vehicle loan rate and find out how you can earn additional Member Reward Points by adding Credit Disability, Credit Life, GAP, or mechanical breakdown protection to your loan account. Why is mechanical breakdown protection important?


First time buying a car? Check out the free BalanceTrack "Drive Away Happy" program. It covers the basic information you should consider before buying or leasing a vehicle.



Thinking about getting a more fuel efficient and eco-friendly car or truck? Go Green, Save Green with a Carolina Trust Green Auto Loan!


The U.S. Environmental Protection Agency (EPA) rates vehicles on calculated greenhouse gas emissions and fuel economy. The most environmentally friendly vehicles receive a SwartWay® or SmartWay® Elite designation.

Visit the EPA's Green Vehicle Guide and look for the SmartWay® logo. You'll be surprised at how many vehicles qualify for the EPA's SmartWay® rating, not just hybrids and small cars.

To reward your eco-friendly efforts, Carolina Trust is offering an additional rate discount of 0.50% APR on qualifying Green Auto Loans. Qualifying vehicles will have the EPA's SmartWay® or SmartWay® Elite designation at the time of loan approval and will not be older than 5 model years. The rate discount will be applied to the approved loan rate financed at the Credit Union. The Green Auto Loan discount cannot be applied to auto loans financed at the dealer or existing Carolina Trust auto loans.

According to the EPA, nearly one third of the pollution in the U.S. is caused by tailpipe emissions from cars and trucks. A vehicle's impact on the environment can be reduced by choosing an EPA SmartWay® designated vehicle.

And remember, every eco-friendly effort helps protect the environment.

Why Mechanical Repair Coverage Is Important
The unexpected expense of a vehicle breakdown can add considerable financial stress to a household. By protecting your vehicle with Carolina Trust's mechanical breakdown protection, you're taking steps to protect your finances in the event of expensive mechanical repairs.

"I didn't buy it at the dealership, so why would I purchase it from Carolina Trust?"
The Credit Union's mechanical warranty is typically priced lower than those offered by dealers, and in many cases, it provides better coverage.

"I can't afford it."
If you're thinking of buying a used car, the cost of mechanical breakdown protection (MBP) can be added to your monthly payment. Or, if you have your auto loan elsewhere, you can still add Carolina Trust's mechanical breakdown protection to your loan. No amount is needed up front and no deductible is required. Coverage is available for any vehicle regardless of the age or mileage. For example: Sarah is purchasing a 2007 Toyota Camry with 24,202 miles. She is financing $16,000 at Carolina Trust for 5 years at an Annual Percentage Rate (APR) of 4.75%*. Her car payment without mechanical breakdown protection would be $300. Her monthly payment with mechanical breakdown protection would be $324 or $329 with MBP and Gap coverage. For about $25 a month** on the four-year Easy Street plan, Sarah would receive coverage that includes the engine, transmission, fuel delivery, front wheel drive, rear wheel drive, steering, front suspension, brakes, electrical, and air conditioning. Plus, Sarah would receive rental car allowance and 24-hour roadside assistance, which includes towing, flat-tire assistance, jump starting and lock-out service. For 4 years or 75,000 miles, whichever comes first, Sarah would have peace of mind knowing she's protected from the cost of expensive mechanical repairs.

"Can I purchase mechanical repair coverage if my factory warranty or other warranty has expired?"
Yes. Coverage is available on all vehicles regardless of the age or mileage. You can even get coverage on vehicles that are not financed through Carolina Trust. Call the Credit Union for more information about this and other affordable insurance products.

*APR in example is based on a sample rate that includes the 0.50% Green Auto Loan discount and 0.25% discount for automatic draft. Total coverage plan price is $1,290 for MBP coverage only or $1,569 with MBP and Gap. **All pricing in example is approximate.

Please Note: Securities, non-deposit investments and insurance products sold through licensed third party providers advertised on this site are not federally insured by the National Credit Union Administration (NCUA). They may involve investment risk, may lose value, and they are not underwritten or guaranteed by the Credit Union. Similar products may be purchased from an agent or company of your choice. CUNA Brokerage Services, Inc. and Allied Solutions, LLC are registered broker/dealers in all fifty states of the United States of America. The mechanical breakdown protection and Gap products described above are offered by Allied Solutions, LLC, a third party, and are not policies or contracts of insurance. Contact the third party provider or refer to policy for full details, limits and restrictions.



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