The UCU Advantage: Take the rebate over dealer financing - University Credit Union, Los Angeles, CA

The UCU Advantage:
Take the rebate over dealer financing

Has the dealer financing specials of 0% loans clinched your decision to buy? On the car you want can you get a rebate instead (usually dealers will offer low rates or financing -- not both)? In most cases, it might be better for you to take the rebate and the UCU financing.

Rebates usually help reduce the overall cost of a car (the total of purchase price plus loan interest) because the loan interest will be calculated on a lower loan balance. And, if it's close, by taking the rebate, you reduce the overall loan on the car, making it so you owe less. If you were to sell the car during the time you were paying on the loan, that would mean more money comes back to you because you had a lower loan balance.

The following examples show potential savings by taking a $2,000 rebate and the UCU loan versus no rebate and a special dealer loan. Sample purchase price: $18,000. Make your own calculations for the purchase price you want. Your credit union is ready to help you finance that car purchase ... just look at your options.

Apply for your loan on-line or call during business hours (7a-5p, M-F and 9a- 1:30p, Saturday) at (310) 477-6628, ext. 1!

UCU Loan @ 2.99% APR
36-mo. term
Dealer Loan @ 0.0% APR
36-mo. term Your Advantage

Purchase price $18,000 $18,000

Minus Dealer Rebate $ 2,000 $ 0 Apply rebate to your purchase price for a lower loan amount!

Loan Amount $16,000 $18,000 Lesser loan amount to repay at UCU!

Monthly Payment $ 465 $ 500 Pay $35 less per month at UCU!

Total Loan Repayment $16,749 $18,000 Pay $1,251 less cost overall at UCU!

UCU Loan @ 2.99% APR
48-mo. term
Dealer Loan @ 2.9% APR
48-mo. term Your Advantage

Purchase price $18,000 $18,000

Minus Dealer Rebate $ 2,000 $ 0 Apply rebate to your purchase price for a lower loan amount!

Loan Amount $16,000 $18,000 Lesser loan amount to repay at UCU!

Monthly Payment $ 354 $ 398 Pay $44 less per month at UCU!

Total Loan Repayment $16,997 $19,104 Pay $2,107 less cost overall at UCU!

UCU Loan @ 2.99% APR
60-mo. term Dealer Loan @ 3.9% APR
60-mo. term Your Advantage

Purchase price $18,000 $18,000

Minus Dealer Rebate $ 2,000 $ 0 Apply rebate to your purchase price for a lower loan amount!

Loan Amount $16,000 $18,000 Lesser loan amount to repay at UCU!

Monthly Payment $ 287 $ 331 Pay $44 less per month at UCU!

Total Loan Repayment $17,247 $19,860 Pay $2,613 less cost overall at UCU!

* Annual Percentage Rate. Rates are subject to change without notice. Rates listed are used for example of repayment. Consult UCU for current rate information.

Disclaimer: All loans are available only to members residing in California. For car loans, cars must be purchased, titled and registered in California. Rates are subject to change without notice. Loan issued subject to credit review. Contact UCU for complete details.

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Your savings federally insured to at least $250,000 through the National Credit Union Administration (a U.S. Government Agency) and backed by the full faith and credit of the United States Government.
University Credit Union is an Equal Housing Lender.

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For more information, please e-mail us or call (310) 477-6628.