Auto Loan FAQs

You need your car for more reasons than just transportation: you need a safe place for your family, a tool that remembers all the radio stations you love, and a reliable companion for the road. Securing the proper funding for a new or used car, or even refinancing for a lower interest rate, are fundamental aspects of the modern car owner’s lifestyle.

Looking for more information before applying for your auto loan?

Check out our answers to some frequently asked auto finance questions below.

What types of auto loans does Gulf Winds offer?

We offer loans for new and used vehicles as well as options to refinance your current auto loan.

If you're ready to apply, check out our online application to see the loan terms you're eligible for from Gulf Winds Credit Union.

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What are the benefits of financing through Gulf Winds?

Our low auto loan rates are the same whether you're purchasing a new or pre-owned vehicle or would like to refinance your current auto loan from another lender.

All Gulf Winds auto loans offer:

  • Low loan rates
  • Flexible repayment options
  • No payments for 90 days
  • Simple loan application
  • Pre-approved rates and terms good for 30 days

For added security protect your auto loan with Extended Warranty, Guaranteed Asset Protection (GAP) and Credit Life & Credit Disability.

What are Gulf Wind’s current interest rates?

All current interest rates for Gulf Winds’ new, used, and refinanced auto loan rates are updated daily with the latest information. Please check back often for an accurate reflection of the current market.

What factors are important for getting pre-approved for an auto loan?

Getting pre-approved for an auto loan begins with a secure online application that guides you through the initial stages of the acceptance process. Important details that may be asked on your submitted application include your credit history, previous vehicle loan amount (for refinancing), and vehicle price range.


All pre-approval rates and terms are valid for thirty days, allowing members to carefully choose their next vehicle and prepare for the future.

How much will my auto payments be?

Your auto loan will be calculated using several internal factors and external frameworks, including:

  • Your credit score and history
  • Your chosen loan term length
  • The MSRP price of your vehicle
  • Current interest rates

These are subject to change with time and circumstance, making perfect calculations for your auto payments nearly impossible.

However, it is important to assess and appraise your potential rates to prepare yourself for the borrowing process. Calculating your estimated monthly payment is a snap with Gulf Winds’ auto loan calculator. Simply enter the relevant information and receive a personally tailored estimate of your monthly auto loan payments.

For help entering the correct numbers or to speak to a Gulf Winds representative with a general inquiry, reach out to our Pensacola office at 850.479.9601 today.

We're ready to help you get on the road. For additional help or questions give us a call at 1.800.650.6328 or visit your local branch.

How do I apply for a Gulf Winds Auto Loan?

If you're ready to apply, head over to our online application, call us at 1.800.650.6328, or visit your local branch.

Can I get pre-qualified for an auto loan without impacting my credit?

Yes, just complete our online application to check if you are eligible for any pre-qualification offers in minutes with no impact to your credit score.

What’s the difference between being pre-qualified vs pre-approved for an auto loan?

Pre-qualification is a qualifying offer based on a soft credit pull. While pre-qualification shows you what rates you may qualify for with no impact to your credit score, these offers may change based on a full credit check.

Pre-approval requires a review of your credit report and personal information to determine what loan amount and rate you can receive; these rates are good for up to 30 days and require a hard credit pull which impacts your credit score.

New Auto Loan Rates
Term APR Range Est. Payment/$1,000 Borrowed
36 months 2.99% - 13.99% $29.08 - $34.20
66 months 2.99% - 15.99% $16.45 - $22.90
75 months 3.74% - 17.99% $14.97 - $22.32
84 months 4.79% - 7.84% $14.04 - $15.51

Rates as of . Maximum loan term will depend on the age of collateral and/or the size of the loan. The actual APR may vary based on the applicant's credit history and underwriting criteria.