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Know the Facts About 0% Financing
At first glance, 0% financing seems like a good deal. But before you sign on the dotted line, consider these facts:
1) You have to have excellent credit.
If you don’t have perfect credit, you may not qualify. Only 9% of car and truck buyers actually get 0% financing according to CNW Marketing Research of Bandon, OR.
2) You may have to pay the car in full within 24 or 36 months.
Many 0% offers require you to take a shorter term. So your payments may become less affordable.
3) You’ll most likely be limited to a particular model and/or have to pay for options you don’t want. 
0% financing is generally on select models and your model may not be one of them. You may even have to purchase a car with expensive options you don’t want.
4) You may have to give up rebates and cash bonus offers that could reduce the overall cost of the car.
Sometimes you have to choose between 0% financing or cash rebates. Believe it or not, if you do the math, credit union financing coupled with cash rebates often ends up saving you money. You can see for yourself.
The dealers love to push these 0% plans — because they are in the dealer’s best interest, not yours! The truth is, you can save money by taking a rebate instead, and financing here at Hoya Federal Credit Union.
Rates are as low as
1.99% APR*                      2.60% APR*
New Vehicles       Used Vehicles
Besides offering low rates, Hoya FCU offers:
  • Terms up to 72 Months
  • 100% Financing on 2010 Models or Newer
  • No Payments for 90 Days…
  • No Pre-Payment Penalties or Application Fees
  • Skip Payment Options
So skip the dealer financing and finance your next new or used vehicle at Hoya Federal Credit Union where you always have access to low rates and flexible terms for affordable monthly payments.
Apply today!
*Annual Percentage Rate (APR) is based on an evaluation of applicant’s credit. Your actual rate may vary. Rate is subject to change without notice. Other rates and terms are available. Rate includes a 0.25% discount for automatic loan payment from Hoya FCU checking account with direct deposit. This offer does not apply to existing Hoya FCU loans. Payments at 1.99% APR for 48 Months are approximately $21.77 per thousand, per month. … Member may take up to 90 days before making their first payment. Interest will continue to accrue.