Are you looking to invest in a home project, pay off your high-interest debt, go on a vacation, or to gain access to some spare cash? With how strong the used car market is right now, you can access the equity in your vehicle with an auto equity loan!

What is Auto Equity? Many credit unions and banks allow you to borrow money against the equity in your home. At Maine Family FCU, we have a similar loan product available by using the value already paid into your vehicle. If you’ve paid off your car, or you have equity in it, you may be able to use it for an Auto Equity Loan. Having a secured loan can help you save money with a lower rate.