Vehicle Loans

Rates

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New Auto (current model year or newer)105/24/2013
	Annual Percentage Rate As Low As2
Up to 4 years	2.79%
Up to 5 years	2.79%
Up to 6 years	3.24%
1Rates are accurate as of specified date and are subject to change without notice. 2Actual rate is based on applicant's credit history.

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Used Auto (2006-2012)105/24/2013
	Annual Percentage Rate As Low As2
Up to 4 years	2.99%
Up to 5 years3	3.29%
1Rates are accurate as of specified date and are subject to change without notice. 2Actual rate is based on applicant's credit history. 36 year financing available for collateral meeting specific criteria.

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Used Auto (2005 and older)105/24/2013
	Annual Percentage Rate As Low As2
Up to 4 years	5.49%
1Rates are accurate as of specified date and are subject to change without notice. 2Actual rate is based on applicant's credit history.

Details

• Highly competitive rates.
• No application or hidden fees.
• Free vehicle pricing.
• Eligible security includes cars, trucks, motorcycles, boats, campers, motor homes, etc., or even funds in your MEFCU savings account.
• Maximum financing is up to 100% of the purchase price or up to the current Black Book "clean" retail value.
• Not all loan requests are eligible for maximum financing.
• Various terms available.
• Protect your investment, and your family, with our Payment Protection options.

Make the most out of your purchase by knowing the vehicle worth before you buy, and by having financing lined up before you buy!

Refinance

As a benefit for our members, MEFCU pays the refinancing fees for vehicle, RV/Boat, personal, and other non-real estate loans that are financed elsewhere.  In many cases, we are able to take loans for qualified buyers and lower their rate while keeping the term the same... all for FREE!

Lower your monthly bills, and get the loan paid off in the same amount of time!  We have saved our members thousands of dollars per month!

Simple Steps:

1. Compare your rates to ours.
2. If you are paying more, stop into an office to refinance or simply request a loan online.

Motorcycle, etc.

Any titled vehicle can take advantage of the vehicle rates at MEFCU!

• Motorcycles
• Certain types of trailers
• Etc...

You deserve to have fun!  Use MEFCU to get the 'toys' you want!

Debt Defender – protection that pays!

Debt Defender is a voluntary loan-payment protection product that helps preserve your family’s standard of living and helps give you relief from financial burdens if a protected life event such as disability, loss of life or involuntary unemployment happens to you.   Debt Defender will protect up to two borrowers.

Disability

• A voluntary form of payment protection designed to make a member’s monthly payment, up to the policy maximum, should you become totally disabled due to a medically determined sickness or injury and are unable to work.

Loss of Life

• A voluntary form of payment protection designed to pay off an outstanding loan balance in the event a covered member dies before the loan is repaid, up to policy maximum.

Involuntary Unemployment

• A voluntary form of payment protection designed to make a member’s monthly payment, up to the policy maximum, should they become unemployed through no fault of their own.

 

 

Your purchase of Debt Defender is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan.  Certain eligibility requirements, conditions and exclusions may apply.  Please contact your loan representative, or refer to the Member Agreement for a full explanation of Debt Defender terms, DPGAP-0413-822E.