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Auto Loans

Next Steps Guide

We're here to help you understand where you are in the auto loan process and what you might need to prepare for the next steps. If you have any questions, please contact us.

Close-up of the headlight of a green Mustang

I am Pre-Approved*

What's next?

You will receive a pre-approval notification informing you of the pre-approved amount, as well as other loan details along with contact information if you have any questions. You can also give your pre-approved notification to the salesperson at the dealership of your choosing.

If you haven't decided on a particular vehicle yet, a pre-approval notification shows the car dealership what you're qualified for and your ballpark budget. Once you select your vehicle, Westerra can provide an official approval.

We partner with many Colorado dealerships. If the dealership that you chose is one of our partner dealerships, they will handle the loan documents and will send to Westerra Credit Union.

If the dealership that you chose is not one of our partners, or you are buying from a private party, the notification that we sent you will outline specific information needed to begin the loan process.

A couple sitting down with a loan officer going over the loan

I am Approved

What's next?

You will receive a notification from our loan processing department informing you of the loan terms** and the documentation needed to begin processing your loan as well as contact information for further questions.

To begin processing your loan, a current and clear copy of your driver’s license will be needed from all buyers. The table below outlines specific circumstances where additional documentation will be requested.

This table outlines the additional information some customers may need throughout step 2 of the auto loan process

Purchase from Non-Partner Dealer

Cash-Out Using Title as Collateral

Private-Party Purchase

Refinancing an Existing Auto Loan

Lease Buy-Out

Purchase Agreement/Buyers Order

Copy of the front and back of title

Current driver’s license from both buyers and sellers

Current driver’s license from all parties listed on title

Current driver’s license from all parties listed on title

Current vehicle registration

Current vehicle registration from sellers

Current vehicle registration

Current vehicle registration

Copy of the front and back of title if owned free and clear

Copy of payoff letter

Lease Buy-Out Packet/Payoff Letter

Copy of payoff letter if lien on vehicle

Woman sitting at a table doing bookkeeping

I have submitted all required documents

What's next?

Once you have submitted all required documentation to proceed with processing your loan, the documents will be reviewed and loan documents will be prepared for you to sign. A loan processor will reach out to you to discuss final details and closing options.

Man sitting in the passengers seat of his sparkling new car

My loan is completed and funded

What's next?

You can now view your loan through online banking and any funds that you instructed to be deposited into your account, if applicable.

If you have any questions regarding the processing of your loan, please call 303-716-7794 or email our Loan Processing Department at

If you have any questions or need further assistance, please call us at 303-716-7794 or email us at

*Auto Pre-Approval Purchase Disclosures

You can choose to stop receiving “prescreened” offers of credit from this and other companies by calling toll-free 1-888-567-8688. Or glitter bombing us. But we’d really prefer a phone call. See PRESCREEN & OPT-OUT NOTICE below for more information about prescreened offers. 

Important Disclosures:

PRESCREEN AND OPT-OUT NOTICE: You received this offer of credit because you satisfied the criteria for credit worthiness under which you were selected for the offer. (You are worthy! See, the fine print really is where they put all the important stuff.) If applicable, the credit may not be extended if, after you respond to the offer, you do not meet the criteria used to select you for the offer or any applicable criteria bearing on credit worthiness or you do not furnish any required collateral. You have the right to prohibit information contained in your credit file with any credit reporting agency from being used in connection with any credit transactions that you did not initiate. To exercise this right, please call Experian Opt-Out at 1-888-5OPTOUT (1-888-567-8688), or write to Experian, P.O. Box 919, Allen, TX 75013.

Applicant Requirements: To be eligible for this offer you must be at least 18 years of age, have a minimum gross monthly income of $2,500, a physical address or Army/Fleet Post Office address (nothing in alternate dimensions, please), a valid Social Security number, and be in good standing (not over limit, past due or delinquent) on any Westerra accounts or loans. Verification of information taken at the time of application may be required, including income and debt ratios and any other required application information, including proof of identity, Bob. If that is your real name. This offer is strictly nontransferable. Adding an additional applicant to your application may impact your approval status. This offer is separate from Westerra’s other auto financing products, and your eligibility may be different for each product. 

About The Offer: Financing is available starting at $10,000 and up to $60,000. Terms up to 84 months are based on loan amount and payment requirements. Your available financing will depend on credit information at the time of application, monthly income, and vehicle purchased. Down Payment may be required for some applicants. If the loan terms you include in your application are inconsistent with our financing policies we may provide you a loan option that complies with our standards. Offer is valid for vehicles within the last 10 model years. Our sincere apologies to DeLoreans that transport passengers to the year 1955. Vehicle mileage must be less than 120,000. Offer is not valid for motorcycles, RVs, mobile homes, commercial vehicles or boats. But we hope you enjoy boat-to-work day all the same. 

About Your Financing: Annual Percentage Rate (APR) can range from 2.49% to 17.24% APR. This offer is based on continuing ability to meet credit criteria used to select you for this offer and other key loan characteristics, including amount financed, term and vehicle purchased. (And how tasteful your bumper stickers are. Just kidding.) If approved, your terms may vary based upon your specific situation. For example, if your loan amount is $15,000 with an annual percentage rate of 3.49% and a term of 60 months, you would have a payment of $272.83. Math! 

**Terms are subject to change depending on credit rating, changes in interest rates, and timeliness of providing required documentation. An approval is good for 60 days and you should find the date of expiration in the loan details or loan terms that are listed in the pre-approval and approval notifications you received from Westerra Credit Union.