If you are shopping for a new vehicle, be sure you visit the Credit Union about your financing options. We have many options available that allow us to custom fit the financing you need.
• Several qualified terms of financing available, from short-term needs of just a few months, to longer terms of up to 7 years.
• Single or Joint Credit Life, Single or Joint Credit Disability and GAP insurance available.
• No standard interest rates based on particular vehicle loans. Your interest rate will be based on your individual credit status. The better your overall credit worthiness, the better your interest rate.
• Marginal or poor credit, don’t worry; you are not out of the picture. We will use all available options to develop an approved loan package that allows us meet your financing needs at the best possible rate.
• Offered an extra rebate if you use dealer financing… we have a program that allows you to take that extra rebate and then refinance with us. Scroll down the page for more information on, ‘Extra Rebate With Dealer Financing.
Here are some examples: We can finance 100% of the purchase price on your new vehicle… we can add sales tax, extended warranties or trade deficiencies to your loan up to 100% of the MSRP… need to go over MSRP because of the sales tax, extended warranty or trade deficiency?… we can do that. Or maybe you need to extend the terms a few extra months to allow for adding an insurance option or just to lower the payment… we can do that too… so be sure to call or come by the Credit Union and see what we can do for you.
And remember that your loan payment can be made easy with an automatic payroll deduction, direct deposit, account transfer or direct draft of another account. This eliminates the need to write out and mail checks each month. You can arrange for one of the simple payment options at the same time you arrange for your loan.
FINANCING TIPS
Extra Rebate With Dealer Financing.
A promotion being utilized by the automobile industry and dealerships is to give you an extra rebate if you use the dealer financing.
Many of our members want to use and support their Credit Union and enjoy the convenience of the payroll deducted loan payments… but to throw away $2000, $1500 or even $1000 offered in an extra rebate is something none of us can afford. Therefore, your Credit Union has developed a plan that allows you to get that rebate and spend it too.’
The Extra Rebate Promotions contain a required period of time that the loan must remain financed with the original lender to prevent the promotional rebate amount from being added back into the payoff amount. This time frame is usually 1 to 3 months. Find out what that time frame is for your promotion and then contact your Credit Union.
We have developed a program that will allow us to refinance your new vehicle loan, for the full payoff amount, within the first six months after the original purchase. This will make it possible for you to take advantage of the extra rebate savings, and then move the loan to your Credit Union for the ease and convenience of direct payments.
Is 0% Financing The Best Option For You?
As a consumer, you have many options when purchasing big-ticket items. The automobile industry has great offers and unbelievable incentives to purchase a new car. Some promotions sound too good to be true, and in many instances they are just that… to good to be true. For example, the promotion:
• May require perfect credit before you are even eligible for the special offer;
• May require a specified down payment;
• May be limited to a certain make or model in stock;
• Usually will require you to give up all rebates to get the low financing rate.
If you qualify for the 0% rate, is it really your best option? Let us help you with that question. Get all the specific detail information related to your 0% offer and come by or call the Credit Union. It is a fact that in many instances the rebates you give up will cost you more than the finance charges would have been with a conventional credit union loan. We will take all the information and look at the loan both ways and show you which option would be best for you.
