Rate vs. Rebate
Credit Union Rates with Rebate Can Beat The Dealer’s 0% Financing.
Take the rebate and save with a loan from NHCU. If you’re offered the choice of a rebate or the dealer’s 0% financing, choose wisely. Financing the lower amount with a low rate loan from NHCU could cost significantly less than paying the full invoice amount with the dealer’s 0% financing. For example:
|Vehicle Purchase Price||$25,000||$25,000|
|Final Loan Amount||$23,000||$25,000|
|48 Monthly Payments of||$498.89||$520.83|
|Total Cost Paid||$23,946.62||$25,000|
Research is key. Even though the deal may sound good, you have to consider the long term impact that choosing a dealer's financing over the Credit Union can have.
Some of our Loan Features can also include:
- Up to 100% financing
- Low, fixed rates
- No prepayment penalties
- Terms up to 84 months for new and used autos
- Credit life and Disability Insurance offered for peace of mind
- Guaranteed Auto Protection (GAP) insurance
- Extended Warranty Protection
*APR = Annual Percentage Rate. 100% Financing available. New auto loan rate example: 48 month loan at 1.99% APR. Other terms available; call for details.
Dollar amounts are approximate values. The rate for new/used auto loans is determined by evaluation of applicant’s credit and may vary.
Your actual rate could be higher. Rate effective 9/1/18 and is subject to change without notice.