HOW ABOUT SOME MONEY BACK?
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February 2010
As tight money times continue in 2010, how does getting some money back sound? Maybe a thousand dollars or two?
If you’re driving a vehicle financed at any place other than CCU, money back may be closer than you think. If you financed a new or used vehicle some other place, a lot of money back may be in your future.
Thousands of times in the past several years, CCU has refinanced members’ car loans from other financial institutions and has saved members an average of $1790 in interest payments.
Did you get that? CCU refinanced members’ loans from other institutions and cut each member's finance charges an average of $1790. Hundreds of members saved several thousand.
How can CCU do this? It’s simple. When you finance a vehicle at CCU, you’re always given the lowest possible rate you qualify for. But when you finance a vehicle at most other places, you’re usually given the highest finance rate you’ll pay. The seller is looking for the biggest profit for them, not the biggest savings for you. Bingo, they make a huge profit and you throw away money. In my book, that’s called “predatory lending.”
What does all this mean to you?
It means three things.
- If you have financed a new or used vehicle any place other than CCU, you need to talk with CCU about refinancing. It takes little time and no money to find out if you can save a handsome amount of money. Simply visit the “Second Chance Auto Loan” page on CCU’s website.
- If you’re thinking about buying a vehicle right now, stop everything. Read CCU’s one-of-a-kind car buying guide now. Just select “Car Buying Guide” under Buying Guides on StraightTalk.
- If you have good friends who don’t belong to a good credit union like CCU, do them a favor, and tell them to join.
We all deal with a lot of businesses in our lives, but frankly, you’re not going to deal with many that work as hard as CCU does to save you money. A Second Chance Auto Loan is a good way for you to see that concern for your pocketbook in action.
Prepared for Corning Credit Union by Remar Sutton & Associates, February 2010. All rights reserved.
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