4 Tips for Using Your Summer Auto Loan Sale

Congratulations! You’ve locked in the Summer Loan Sale rate, but now you’re wondering what you can do with it. Here are four tips for using your low rate before August 31, 2017.

Buy a New Car

With Auto Loan rates on the rise, use this low rate and our 10 Essential Car-Buying Tips to find the best deal for you and your family. New cars are a great purchase because you can have peace of mind, knowing any potential repairs will most likely be covered by the warranty.

Remember, there are typically three separate transactions or negotiations involved in buying a car.

  1. The price for the new car
  2. The price for your trade-in
  3. The financing

With this locked in rate, we’ve taken care of one-third of the purchase process! So now you can relax and focus on the other negotiations.

Refinance a Higher-Rate Auto Loan

Rates go up and down with time, and depending on the institution you financed your last car through, you might have a higher rate than you would prefer. With your low rate locked in, you may be able to refinance any auto loans you might have with other institutions any time before August 31, 2017. Any one of our auto loan experts available in every branch can help you gather all the correct information and get you the lowest rate possible!

Buy a Used Car

Buying a used car is often a smart financial choice for many reasons (just like your low auto loan rate with UCCU). A used car often reduces your insurance costs and registrations fees. Since your low rate is good for cars that are 2010 or newer, take the time you need to shop around and find the best deal! That’s the beauty of locking in your rate; you can make deliberate, smart financial decisions instead of rushing.

Share with Your Family

Family is there to support and help each other, so what better way to help someone than giving them the gift of a low auto loan rate? Your immediate family members can use the low rate you locked in and you can be the hero at the next family dinner party!

If you haven’t already, be sure to go to uccu.com/summer to lock in your Summer Auto Loan Sale base rate as low as 2.99%!*

*Any person who completes the lock-in request form at uccu.com/summer prior to 11:59 pm on July 31st, 2017 receives an auto loan interest rate lock as low as 2.99% APR (base rate). 60-month term or less, on 2010 models or newer. The 2.99% base rate redemption period will expire at 5:30 pm Thursday, August 31st, 2017. Immediate family members of those who successfully lock-in the 2.99% base rate can also use the rate. Can be used to refinance auto loans from other institutions or to purchase a new or used auto. Annual percentage rate (APR). Subject to membership eligibility. Some restrictions may apply. Limited time offer. Available on approved credit only. Federally insured by NCUA.

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