Don't Be Fooled by 0% Financing - Take the Rebate!
Although 0% financing sounds fantastic, think again. Many times 0% dealer financing offers are available only to specially qualified borrowers at limited terms. You may not qualify for the 0% loan and, if you do, the payments will be higher because you finance more money and the term may be a shorter time-making your payments even higher. In most cases, you're better off taking the case rebate from the dealer and financing your loan through us. Take a look at this example:
Example |
Dealer financing |
HCU financing |
Loan Amount |
$20,000 |
$20,000 |
Rebate |
N/A |
$3,000 |
Amount Financed |
$20,000 |
$17,000 |
APR |
0% |
5.75% |
Term |
48 month |
48 month |
Monthly Payment |
$416.67 |
$397.30 |
Your monthly savings by financing with HCU is $19.37, over the life of the loan you save $929.76!
1, 2, 3 Deciding What Vehicle You Can Afford
What About all the Extended Warranties?
*Your actual loan rate will be based on your credit history and repayment option. Annual percentage rate may increase after loan closing if checking account is closed. 48 monthly payments of $19.37 per $1000 borrowed at 5.75% interest. Rate subject to change. The above is an example and dealer offers may vary.
