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The UCU Advantage:
Take the rebate over dealer financing

Has the dealer's 0% loan rate financing specials clinched your decision to buy a new car? 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 dealer's 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, taking the rebate can reduce the overall loan on the car 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: $22,000. 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 online or call during business hours (7a-5p, M-F and 9a- 1:30p, Saturday) at (310) 477-6628, ext. 1!

 

UCU Loan @ 1.99% APR
60-mo. term

Dealer Loan @ 0.99% APR
60-mo. term
Your Advantage
Purchase price $22,000 $22,000  
Minus Dealer Rebate $  2,000 $        0 Apply rebate to your purchase price for a lower loan amount!
Loan Amount $20,000 $22,000 Lesser loan amount to repay at UCU!
Monthly Payment $   350 $   376 Pay $26 less per month at UCU!
Total Loan Repayment $21,029 $22,559 Pay $1,530 less cost overall at UCU!


 

UCU Loan @ 1.99% APR
60-mo. term

Dealer Loan @ 0.0% APR
60-mo. term
Your Advantage
Purchase price $22,000 $22,000  
Minus Dealer Rebate $  2,000 $        0 Apply rebate to your purchase price for a lower loan amount!
Loan Amount $20,000 $22,000 Lesser loan amount to repay at UCU!
Monthly Payment $   350 $   367 Pay $17 less per month at UCU!
Total Loan Repayment $21,029 $22,000 Pay $971 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.
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.
University Credit Union is an Equal Housing Lender.

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