No Hassle Auto Loan, No Hassle Auto Purchase

 

 

Buying a new car is a breeze when you shop at Enterprise, and get your car loan at Hawthorne.

Enterprise has an online inventory of hundreds of certified pre-owned vehicles in the Chicagoland area at no-haggle prices. Plus you can trade in your current vehicle. Enterprise's 7-day/1,000 mile repurchase agreement lets you buy with confidence. 

Hawthorne can pre-approve you for your vehicle so you’ll shop like a cash buyer and spend less time at the dealership. We offer low rates, flexible terms, and speedy processing. Save an additional 0.25% on your rate when you set up your payment with direct loan payment.

• Refinance your loan at Hawthorne and save
  Lower your current rate by up to 2%¹ to a rate as low as 4.99% APR when you finance your auto loan balance with Hawthorne.
  
  For example, if your current rate is 12.99%, we may lower your rate to 10.99% APR. If your current rate is 5.99%, your rate may be 4.99% APR. Your payments with likely be lower, too!
  
  Make NO CAR PAYMENT for up to 90 days². Skip up to three months of car payments!
  
  ¹Not valid for refinancing Hawthorne CU auto loans. APR=Annual Percentage Rate. Your rate will be lowered by 2%, but not lower than our floor rate of 4.99%APR. Sample payment: For every $1,000 borrowed at 4.74% APR for 60 months, your payment would be $18.68.
  
  ²Your first car payment will be due on the 25th of the month, up to 90 days after closing, during this time interest will accrue.  

• Deduct the Interest on Your Auto Loan – Let Your Home Pay For Your Car
  Talk to us about financing your auto loan with a home equity loan or line of credit. The interest on a Home Equity loan or line of credit is tax deductible, consult your tax advisor.

• Protect Your New Vehicle with GAP Insurance

GAP (Guaranteed Asset Protection) insurance pays the difference between the outstanding scheduled principal balance and the vehicle’s actual cash value, determined by your primary auto insurance carrier, on your auto loan or lease in the event of total loss or theft. GAP covers up to $1,000 of the borrower's deductible if there is a “GAP” after the primary insurance settlement is paid.

GAP protection is helpful in the event if your car is stolen or totaled in an accident, often insurance companies only pay the Cash Value of the vehicle at the time of the loss. Your remaining loan balance could be much greater than the Cash Value of your vehicle creating a deficiency of several thousand dollars that you’re liable for.

• According to Automotive News the average new car will lose 60% of its value over 3 years of normal driving.
   
• The Insurance Information Institute estimates that one vehicle is stolen in the United States every 24 seconds.
   
• CCC Information Services, a firm that supplies the automotive claims and collision repair industries with collision statistics, tells us that 18% of vehicles involved in a collision will result in a total loss.
   
• Insurance companies report that on an annual basis they write off 500,000 insured vehicles due to total loss, fire or theft.

Click here to apply for an auto loan today.