Did you know you can borrow against your car’s equity?

The equity in your home may be one of the first sources you consider when accessing cash when you need it most, but equity in your automobile is a viable option as well. A car equity loan is much like a home equity loan, except you borrow money against your car. You can use the cash for a variety of needs, especially those situations where you need a smaller loan to make immediate purchases, like:

• New furniture
• Home Improvements
• Major car repairs
• Vacation
• Debt consolidation

You can use the equity in any vehicle, and there are no appraisal fees or title search fees. Best of all, there are no prepayment penalties on the loan, you can enjoy the same low interest rates and convenient financing terms offered with JAXFCU’s other auto loans.