When you are out shopping for a new car, be aware of "zero percent
financing." This sounds like a great deal, BUT...if you take the manufacturer’s rebate of $2,500 and finance the car through the Clara Barton Federal Credit Union, you will actually be putting money in your pocket.
Here is an example:
|
|
Dealer
|
Credit Union |
Amount Financed |
$20,000 |
$17,500 |
| Rebate |
0.00 |
$2,500 |
| Term |
36 months |
36 months |
Interest Rate |
0.00% |
3.90% |
| Monthly Payment |
$555.56 |
$515.92 |
| Total Payments |
$20,000 |
$18,572.91 |
That would give you $1,427.09 pocket money!
If you have already financed your new car, check the new low loan rates
at the Credit Union for refinancing.
