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Auto Loans at CSE Save You Money

Auto Loans at CSE Save You Money

 

Know Before You go... Car Shopping

The age of vehicles on the road continues to rise. According to IHS Markit, the average age of all vehicles at the end of 2019 was 11.8 years old. After a nationwide drop in vehicle sales in 2019, the average age will likely creep up more. When considering those factors, the market is likely to move toward an increase in car sales. If you find yourself looking for a vehicle, be smart about your financing options.

With gas prices leveling off at more reasonable rates and steady incomes, consumers have been buying up bigger and more expensive vehicles. Add in new technology and the desire from many consumers to drive “loaded” vehicles with all the bells and whistles, it adds up to a hefty cost for consumers.

Knowing that you’re going to pay the price at the dealership, it's in your best interest to get pre-approved before shopping! Pre-approvals are great for several reasons, including:

  • Know your budget, rate, and payment before shopping
  • Focus on the car, not the financing
  • Gives you added negotiating power to fit within your budget
  • Prevents your credit from being blasted to many different lenders

 

Save Money by Avoiding Unnecessary Fees

Saving on a vehicle loan starts with the interest rate. The lower the rate, the more money you save. What many lenders may try to sneak in though, are unnecessary fees like an application or processing fee. On top of that, it's important to watch out for a penalty if you want to pay the loan off early. At CSE, we want you to get the best bang for your buck! Since we don't charge additional fees, you have more money in your pocket to go towards your car, not our bottom line.  

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Protect Your Auto Loan

We want to help you save money on your loan, but we also want to save you money with add-on options you might consider when buying a vehicle such as GAP (Guaranteed Auto Protection).

Many people consider adding on GAP when buying a vehicle to protect themselves in the event your car is totaled before paying off the loan. GAP protects you in the event you owe more on the loan than what an insurance company would payout. GAP protection at CSE is available for just a few extra dollars a month in your loan payment. Now that is a no brainer. Ask your loan officer about GAP with your next vehicle.

If car shopping is in your future, take the guesswork out of your financing and come to CSE for a great deal. Then, enjoy the ride!

  

 

1. APR = Annual Percentage Rate. Loan Rates are based on credit score and term of loan. A sample monthly payment for a loan of $20,000 and a term of 72 months at 2.99% APR would be approximately $303.78. 2.99% rate reflects 0.25% rate discount when setup on auto pay. All rates and promotions subject to change without notice.

2. First payment will be due 90 days from closing of the loan. Finance charges begin accruing as of the loan disbursement date. All loans are subject to approval meeting standard credit union underwriting guidelines. If refinancing an existing CSE auto loan, refinanced loan must include at least $2,000 cash out. Offer excludes mortgage loans, credit cards, unsecured loans, share secured loans and any commercial loans. Offer is valid beginning March 1, 2020. Programs, rates, terms and conditions are subject to change or end at any time without notice.

 

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