Know the facts about 0% financing

Before you take that 0% financing offer let us help you calculate your best financing options. In many cases, when you take advantage of 0% financing, you lose access to valuable manufacturer rebates and incentives.

Here is an example of a 0% offer compared to SEFCU.

  • 0% financing offers often require the forfeiture of incentives and rebates.
  • Dealer payment calculation includes offer to delay first payment for the first 120 days.
 

Dealer Financing

SEFCU Financing

 

Loan Term

84 Months

84 Months

Interest Rate

0%

3.69%

Vehicle Price

$28,000

$28,000

Incentive/
Rebate*

0.00

$4,750

Loan Amount

$28,000

$23,250

Monthly Payment**

$350

$314

Total Payments

$28,000

$26,376

 

Did you know?

  • Often, only certain vehicles or limited dealer inventory is eligible for 0% financing.

  • If your credit is less than perfect, you are unlikely to qualify for 0% financing – and could wind up with a much higher interest rate alternative offer.

  • A 0% interest rate offer may also come with a maximum 48- or 60-month loan term, resulting in a larger monthly payment and limiting your financing options. 

Before you sign on the dotted line...

  • Do your research, read the small print on offers, and make sure you take advantage of dealer pricing incentives and rebates on your vehicle of choice.

  • Negotiate the best price upfront.  Utilize SEFCU’s loan calculator to compare offers (as shown here).

  • Contact SEFCU’s Auto Buying Concierge if you need assistance finding the right vehicle and financing offer for you.


Source: www.Chevrolet.com
*this model is based on offers and incentives as of April 20, 2020 for a Chevy Equinox
**(†)this is for demonstration purposes only. Other manufacturers and dealer incentives may vary.