You Can Do Better than 0%
Fewer than 1 out of 10 people who want 0% financing get 0% rates. And if you take the 0%, you give up the rebate -- which usually is the better deal, when combined with low Coosa Pines FCU interest rates. Now is a great time to buy, because CPFCU interest rates are even lower than before, starting at just 1.90% APR!*
Here's an example:Purchasing a $25,000 car and financing at 0% APR for 48 months, the monthly payment would be about $520 and pay off would be the full $25,000 financed.
Opting for the $2,500 rebate and financing the remaining $22,500 at Coosa Pines at 1.90% APR, the monthly payment would be lower -- about $487 -- and the total repay including interest would drop by over $1,600 -- if paid out over the full 48 month term.
In this case, it definitely pays to take the rebate!
You can use our
Loan Payments Calculator to look at your specific situation. In the "Down Payment Amount" field, simply plug in the rebate amount. The calculator will figure a monthly payment amount as well as the "Total Finance Charge".
Get your pre-approval today!
When you're ready to purchase a new automobile,
call or stop by to see a Coosa Pines Loan Officer -- or
apply online through Virtual Branch -- to get your pre-approval first, and you won't be at the mercy of the dealer.
Got more questions? Feel free to call your favorite CPFCU location. We'd be happy to help you save money on your new auto loan!
*APR (Annual Percentage Rate) based on individual credit worthiness, vehicle model, and loan term. Quoted rate is our lowest rate offered. Rates vary and may change without notice. Certain restrictions apply. **Payment and interest amounts are estimated for this example and rounded to nearest dollar. Estimates do not take into account future actions such as add-ons and payments skipped. Please contact a Loan Officer for complete details.
