The truth about 0% financing.
If you've been planning to purchase a new vehicle, zero percent financing offers may be the perfect opportunity to do so -- if you qualify. That's right. According to a recent survey of auto dealerships, only about 15% of the consumers who shop for an auto hoping for zero percent financing actually get it.
As stated in the Los Angeles Times, zero percent financing is reserved for consumers with near-perfect credit. Many times, you must choose between the low financing or factory cash offers. And, your payments might be higher than you'd expect, because the term on zero point loans is usually 24 or 36 months.
And, The Wall Street Journal writes, "with such numbers in hand, car buyers might find that the much ballyhooed financing offers aren't all that they are cracked up to be."
With that in mind, we suggest that you take the cash back and apply for your loan with Hawthorne before you step into the dealership. That way, you're sure to get the greatest savings possible.
Hawthorne offers low rates, every day
Hawthorne Credit Union offers the best rates on auto loans. Or, if you think a lease might be what you're after, check out our Lease Look-Alike program. It offers the low payment of a lease, but all the benefits of car ownership.
You can apply online -- and get a response in seconds!
Get a response in seconds with our online loan application. If you're a member who uses eHawthorne, our online banking service, just log in as you usually would, then click on the "Loan" button at the top left of your eHawthorne screen.
If you are a member who does not use eHawthorne, log in with your member number as your "User Name". Your password will be your social security number with no dashes or spaces. Once you're in, you'll be asked to change your password to one that you'll select.
With our online loan application, you may get a response in as little as a few seconds. With our online loan application you can:
1) Apply for a loan online
2) Check the status of any loan, even one you applied for with a paper application
3) Use our loan calculators to estimate monthly payments
Shop online and purchase an auto for just $50 over invoice!
CarQuotes has a selection of new and used vehicles at great prices -- as low as $50 over the dealer's invoice! With CarQuotes, you can find the auto of your choice at a dealer near you, select the options you'd like and arrange for pick up of your vehicle.
Find out the current value of a used car.
If you're trading in a vehicle, selling your current vehicle, or buying a used vehicle, check out these links. You'll get a fair estimate of what it's worth.
