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> > > Loans for Cars and Trucks
Conventional amount of financing is 100% of purchase price on new vehicles and the retail value of used vehicles as published in a recognized used vehicle pricing guide. Payment Calculator The length and amount of financing may, at the discretion of the credit union, be extended for the following rate add-ons:
*A rate discount is provided for members taking out their first secured personal loan with the credit union. Apply for Your Membership with the credit union Online
All Rates: view a full schedule of all loan and savings rates in our current newsletter. Base rates for conventional vehicle loans are as follows:
Conventional Financing
Annual Percentage Rate (APR): Estimated Monthly Payment per $1,000 at Base Rate: Model Years 2007 to 2011 Variable 4.20% 60 Mo. $18.51
Fixed
1-36 months 4.30% 36 Mo. $29.66
37-48 months 4.40% 48 Mo. $22.76
49-60 months 4.50% 60 Mo. $18.64 72 months 5.00% 72 Mo. $16.10
Model Years 2005 to 2006 Variable 4.70% 60 Mo. $18.73
Fixed
1-36 months 4.80% 36 Mo. $29..88
37-48 months 4.90% 48 Mo. $22.98 49-60
5.40% 60 Mo. $19.06 Model Years 2003 to 2004 & Classic Variable 5.45% 48 Mo. $23.23
Fixed
1-36 months 5.55% 36 Mo. $30.22
1-48 months 6.05% 48 Mo. $23.51 2002 & Older Variable 6.45% 36 Mo. $30.63
Fixed
1-36 months 6.55% 36 Mo. $30.67 All rates quoted for non-real estate loans (vehicle and other secured personal loans) are rates which apply to the large majority of the credit union borrowers. Higher rates may apply on applications with higher indications of credit risk and the credit union reserves the right to apply higher rates based on applicant credit history and credit score. Loan Calculator
Four Points Federal Credit Union is an Equal Housing Lender, an Equal Opportunity Lender, and complies with all requirements of the Federal Truth in Lending Act. All published rates are subject to change without notice. Existing variable rate loans are subject to change with a 30-day notice.
Apply for Your Membership with the credit union Online
IMPORTANT DISCLOSURES
CLOSED-END CREDIT THIS DISCLOSURE NOTICE CONTAINS IMPORTANT INFORMATION ABOUT FOUR POINTS FEDERAL CREDIT UNION’S CLOSED END-CREDIT LOANS. YOU SHOULD READ IT CAREFULLY AND KEEP A COPY FOR YOUR RECORDS. Terms of Repayment. First mortgage real estate loans are available on both a variable and fixed rate plan. Fixed rate loans are made only on terms up to 60 months, with the exception of extended term vehicle loans which may be made at fixed rates up to 72 months. All loan of terms longer than these will be made only at variable rates of interest. Long term fixed rate first mortgage loans are available through a program with Federal Home Loan Bank.
The Annual Percentage Rate. The Annual Percentage Rate for closed end credit loans are subject to change. At the currently published interest rates, the repayment terms would be as described in the above chart.
Membership or Participation Fees. You must be a member of the Four Points Federal Credit Union to obtain a loan from Four Points Federal Credit Union. There is no membership or participation fee associated with that membership and no such fee is imposed for obtaining a loan.
Interest Rate Changes. Interest rates for closed end credit can be either fixed or variable as periodically determined by the credit union board of directors. The rates contained herein are effective as of September 1, 2010. However, the rates and terms described in this disclosure concerning variable rate loans are subject to change at any time. |
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