Before you take that 0% financing offer let us help you calculate your best financing options. In many cases, when you take advantage of 0% financing, you lose access to valuable manufacturer rebates and incentives.
Here is an example of a 0% offer compared to SEFCU.
- †0% financing offers often require the forfeiture of incentives and rebates.
- †Dealer payment calculation includes offer to delay first payment for the first 120 days.
|
Dealer Financing |
SEFCU Financing
|
|
|---|---|---|
|
Loan Term |
84 Months |
84 Months |
|
Interest Rate |
0% |
3.69% |
|
Vehicle Price |
$28,000 |
$28,000 |
|
Incentive/ |
0.00 |
$4,750 |
|
Loan Amount |
$28,000 |
$23,250 |
|
Monthly Payment** |
$350 |
$314 |
|
Total Payments |
$28,000 |
$26,376 |
Did you know?
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Often, only certain vehicles or limited dealer inventory is eligible for 0% financing.
-
If your credit is less than perfect, you are unlikely to qualify for 0% financing – and could wind up with a much higher interest rate alternative offer.
-
A 0% interest rate offer may also come with a maximum 48- or 60-month loan term, resulting in a larger monthly payment and limiting your financing options.
Before you sign on the dotted line...
-
Do your research, read the small print on offers, and make sure you take advantage of dealer pricing incentives and rebates on your vehicle of choice.
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Negotiate the best price upfront. Utilize SEFCU’s loan calculator to compare offers (as shown here).
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Contact SEFCU’s Auto Buying Concierge if you need assistance finding the right vehicle and financing offer for you.
Source: www.Chevrolet.com
*this model is based on offers and incentives as of April 20, 2020 for a Chevy Equinox
**(†)this is for demonstration purposes only. Other manufacturers and dealer incentives may vary.