Mailing Address: PO Box 780004, Myrtle Beach, SC 29578-7804
Phone: (843) 448-2133 / Hours & Locations / Contact Us
Lost or Stolen Cards: Debit: 1-888-918-7810 and Credit: 1-800-654-7728

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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 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.


Apply Online        

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 Financial Toolkit to help determine what you can afford for a down payment and total monthly expense. Additionally, BalanceTrack's "Drive Away Happy" program 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 repair coverage (MRC), you're taking steps to protect your finances in the event of expensive mechanical repairs.

I didn't buy a warranty 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 don't think I can afford it.
If you're thinking of buying a used car, the cost of mechanical repair coverage (MRC) can be added to your monthly payment for very little cost. Even if you have your auto loan elsewhere, you can still add Carolina Trust's mechanical repair coverage to your loan. No amount is needed up front, and we offer a no deductible option. Coverage is available for any vehicle up to 120,000 miles and up to 12 model years old. Even if your auto loan is financed elsewhere, you can purchase Carolina Trust's MRC for your vehicle.

Take a look at this example: Ben is purchasing a 2010 Mazda 6 with 31,000 miles. He is financing $14,000 at Carolina Trust for 5 years at an Annual Percentage Rate (APR) of 3.49%*. His car payment without MRC would be $255. His monthly payment with MRC protection would be $279 or $285 with MRC and GAP coverage. For about $25 a month** on the five-year Platinum Plan with no deductible, Ben would receive coverage that includes the engine, transmission, entertainment system, front and rear wheel drive, steering, front suspension, brakes, electrical and air conditioning. Plus, Ben would receive rental reimbursement up to $35 per day and 24-hour roadside assistance, which includes towing, flat-tire assistance, jump starting and lock-out service. Additionally, if a covered breakdown or collision occurs more than 100 miles from home, MRC kicks in up to $500 for travel expense reimbursement. For 5 years or 75,000 miles, whichever comes first, Ben would have peace of mind knowing he'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 up to 120,000 miles and up to 12 model years old. You can even get coverage on vehicles that are not financed through Carolina Trust. For MRC, we offer a Platinum, Gold and Silver Plan with three deductible options: $0, $100 or $250***. 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. Rate is subject to credit worthiness, terms of loan and age of vehicle. Related to the above example, total coverage price for the Platinum Plan is $1,323 for MRC only or $1,648 with MRC and GAP. **All pricing in example is approximate. ***Not every deductible available on all MRC Plans or Terms.

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. is a registered broker/dealer in all fifty states of the United States of America. The mechanical breakdown protection and GAP products described above are offered by CUNA Brokerage Services, Inc., 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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