|
Rebate vs. 0% Financing
You may save money by taking the rebate instead of 0% financing. Click
here to use our online calculator that shows how financing
your purchase through the credit union can save you money even
without 0% dealer financing!
Some Facts on 0% Financing
If you are in the market for a new vehicle, you've undoubtedly
come across a variety of financing options. Some dealers offer
0% financing. But before you choose an offer that seems too good
to be true, consider the fine print:
- Generally, consumers must forfeit the factory rebate on their
new vehicle in lieu of the 0% financing deal.
- 0% financing is often applicable only to certain makes and
models, leaving the consumer with little to choose from. Financing
your auto through Valley Credit Union keeps your options open.
- Many 0% offers are restricted to shorter loan terms, resulting
in higher monthly payments. Valley Credit Union offers
terms up to 84 months for qualified borrowers.
- Consumers with less-than-exemplary credit usually will not
qualify for 0% financing. According to a Consumer Task Force
for Automotive Issues survey, fewer than 10% of those who want
to take advantage of this offer actually get 0% loan rates. Valley
Credit Union has financing options for a wide range of borrowers.
Simply call our Loan Department at 408-955-1300
or 800-995-0287 before you shop for your new vehicle. With
your pre-approval in hand, you needn't hassle with the complications
of dealer financing.
|
