At Central State, we know there's more to buying a car than applying
for a loan. We don't stop at great rates and a variety of options
- no way!
Take the rebate and drive! The best deal may not be 0% financing!
0% financing can certainly make you want a new car. Unfortunately, in
many cases,
0% financing has strings attached. Sometimes the deal is only available
on a few new car models. Plus, you
may have to take a short-term loan with higher monthly payments that can
put a crunch on your wallet. Most of all, if your credit isn’t perfect
you can forget about getting 0% financing.
After all, somehow you're
going to have to pay.
DO THE MATH
By taking the rebate
offered through the dealer and financing with Central State Credit
Union, you may actually pay less for your car loan in the end. In the
chart below, look at a $17,000 car with a choice of 0% financing versus a
$3,000 rebate.
APR* |
TERM |
CAR PRICE |
REBATE |
PRICE
AFTER REBATE |
MONTHLY
PAYMENT |
TOTAL
COST AFTER ALL PAYMENTS |
| 0% |
36 mo. |
$17,000 |
$0 |
$17,000 |
$472.22 |
$17,000 |
| CSCU 4.74% |
36 mo. |
$17,000 |
$3,000 |
$14,000 |
$417.99 |
$15,047.28 |
| |
|
|
|
|
|
|
| 0% |
60 mo. |
$17,000 |
$0 |
$17,000 |
$283.33 |
$17,000 |
| CSCU 4.74% |
60 mo. |
$17,000 |
$3,000 |
$14,000 |
$262.56 |
$15,753.02 |
You can see that by
taking the rebate and Central State Credit Union financing at 5.49%
APR*, you save money. And if you decide to pay off the car early, you
save even more.
*APR is based on credit history, term, automatic payment and
amount financed. Rate is subject to change. Equal Opportunity Lender.
Certain membership eligibility requirements apply. An additional
fee applies to refinancing an existing Central State Credit Union
loan.
All loans subject to credit approval
Central State offers the CUDL, CU Auto Sales, Payment Advantage
and Kelley Blue Book services as a member convenience. Central State
does not endorse or warranty any of these entities. Members use
this service on a voluntary basis. |
|
