Auto Center
Many experts believe these gas prices aren't going away anytime soon. As a result, a lot of us are saying "goodbye" to our gas guzzlers and purchasing compact, fuel efficient cars to save money. If you want the best deal, come to your credit union for a great rate on your loan and you can save money on gas AND on the price of your vehicle!
New & Used Purchases:
Enjoy the benefit of the SAME LOW RATES for both new AND used vehicle purchases! Our rates are the lowest in our history, so now’s the time to get your loan at Central! We also offer convenient AUTO LOAN PREAPPROVALS so you’re prepared with credit union financing before you shop! Apply Now!
Refinancing from other financial institutions:
Did you finance your auto at the dealer or through another financial institution? You may be paying WAY TOO MUCH! Bring your auto loan to Central Credit Union and you could be paying less every month! Refinancing is EASY and FAST. Apply Now!
The 2% Auto Refinance!
Sometimes throughout the year, we'll run "The 2% Promotion." This is the EASIEST way to save money on the vehicle you have financed at another lender by bringing it to CCUMD. When you do, we'll drop the rate by 2% saving you money every month AND over the life of the loan. Certain restrictions do apply and there's a floor rate each time it's offered. Email us now to inquire when the 2% promotion will be offered!
Auto buying assistance programs:
Save up to $2000 before you buy! Just call MVCP for a FREE, NO OBLIGATION, HAGGLE-FREE, certified price quote from select area dealers. For full details, click on this link.
GAP Insurance:
If your vehicle is stolen or declared an insured total loss from an accident, GAP Insurance can cover the “gap” between what your insurance will cover and what you owe on the vehicle. Central offers this benefit at half the cost of what auto dealerships charge.
0% Dealer Financing Costs More!
- It’s true! Taking the manufacturer’s rebate and going with credit union financing will actually cost you LESS!
- 0% APR Approval is Rare:If you don’t qualify for 0% financing (spotless credit only), you may pay a higher rate. These offers may be for a short-term loan only (making your monthly payments HUGE!), require a larger down payment, or may only be offered on specific models.
- YOUR BEST BET—Manufacturer’s or Dealer’s Rebate Offers:
Many current rebates are as much as $4000! This choice makes sense if you finance with Central Credit Union. See how this can beat 0% financing in the chart* below:
| Credit Union Financing | Dealer Financing | |
|---|---|---|
| Vehicle Price | $15,645.00 | $15,645.00 |
| 20% Down Payment | -$3,000.00 | -$3,000.00 |
| Rebate | -$2500.00 | None |
| Amount Financed | $10,145.00 | $12,645 |
| APR / Term | 6.00% / 48 months | 0% / 48 months |
| Monthly Pymt | $238.25 | $263.44 |
| Total Payback | $11,436.48 | $12,645.12 |
| Savings of $1208.64 (9.5% savings!) | ||
*All numbers are approximates. Your loan may be different.
Print out the loan application and fax it to (410) 337-4905 or call (410) 828-4500 for more information, email us or stop in - click here for directions.