 Baker's
Federal Credit Union
Loans . . . |
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| 0%
Financing Not Always the Best Deal! |
|
What could be better than 0%?
|
|
Financing at your credit union could save
you money. How can that be?
Most 0% financing options require you to give up a substantial rebate to
receive the discounted rate. In most cases, you're better off to take the
rebate, apply it to the cost of the vehicle and finance through our
credit union. Contact us and compare options. You'll be glad you did!
|
| |
0%
Financing* |
Your
CU** |
| Vehicle Cost |
$18,000 |
$18,000 |
| Rebate |
(forfeited) |
$2,000 |
| Amount
Financed |
$18,000 |
$16,000 |
| APR |
0% |
4.5% |
| Est. Mo.
Payment |
$500.00 |
$486.83 |
| Total
Financed |
$18,000 |
$17,521.15 |
|
| Both
examples based on 36 month term. *Rates and rebates vary. **Rate as
of 1/19/2006 and subject to change without notice. |
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Credit Union Keeps Loan Rates Low....
As Low As
4.99% Annual Percentage Rate |
To maintain the guidelines for our
Risk Based Lending (RBL) parameters. The areas reviewed in the RBL format are the
following:
- Continuity of income
- Debts in comparison to income
- Credit report
- Offer of collateral
The loan officer reviewing the loan starts
at a base rate of 8.5% and subtracts or adds interest rate points
based on your scoring in each of the preceding categories. Now members
may qualify for rates as low as 4.99%
A.P.R.
for "collateralized" loans. To learn if you qualify
for a low rate on a new or used car, a home equity loan, or second
mortgage, call one of our loan officers at 402-339-6755
to have an application forwarded to you or click
here to apply online.
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