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New and Used Car Loan Rates
May, 2008
Rates are subject to change at any time without prior notice.
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* * * * * *HIGH CREDIT SCORE DISCOUNT* * * * * *
IF YOUR TRANSUNION CREDIT SCORE IS 750 OR MORE - DEDUCT 3%
IF YOUR TRANSUNION CREDIT SCORE IS 710-749 - DEDUCT 2%
IF YOUR TRANSUNION CREDIT SCORE IS 679-709 - DEDUCT 1%
IF YOUR TRANSUNION CREDIT SCORE IS 651-708 - DEDUCT 1/2%
THE TERM AND RATE OFFERED TO YOU WILL BE DETERMINED BY YOUR CREDIT HISTORY.
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The actual rate will be determined by the above special discounts and the "Favorite Member" discount, but will be within the posted range.
The posted range of rates is based on the above "special" and the following discounts:
A member will receive a discount of ¼% for any of the following services, up to ½%:
- Automatic Payment Transfer - 15th of the month
- Active Share Draft Checking
- Direct Deposit (net pay check)
- Any regular or IRA savings certificate
Total of all discounts may be as much as 3½% based on their account relationship with Telco, an automatic transfer payment and a high credit score
RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE
All of the following rates are stated as an Annual Percentage Rate
| NEW AND USED AUTOS |
| 2000 AND OLDER MODELS - SEE PERSONAL SECURED RATES.
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New Autos - Loans secured by new (not previously registered '06 or '07 model years) vehicles may be for up to 100% of the invoice price, plus applicable sales tax and extended warranty (if purchased).
Used Autos - Loans secured by used ('00 - '05) vehicles will be for amounts up to 100% of the NADA retail value, plus applicable sales tax and extended warranty (if purchased). |
| MODEL YEARS 2007 & NEWER |
NEW |
USED |
| 66-72 MONTHS |
| 2007 & Newer (New Only) Min $25,000 |
6.75% - 16.25% |
N/A |
| 66 MONTHS |
| 2007 & Newer |
6.45% - 15.95% |
6.45% - 15.95% |
| 60 MONTHS |
| 2007 & Newer |
5.95% - 15.45% |
5.95% - 15.45% |
| 48 MONTHS |
| 2007 & Newer |
5.50% - 15.00% |
5.50% - 15.00% |
| 36 MONTHS |
| 2007 & Newer |
4.95% - 14.45% |
4.95% - 14.45% |
| MODEL YEARS 2004-2006 |
| 60 MONTHS |
| 2004 - 2006 |
N/A |
6.95% - 16.45% |
| 48 MONTHS |
| 2004 - 2006 |
N/A |
6.25% - 15.75% |
| 36 MONTHS |
| 2004 - 2006 |
N/A |
5.95% - 15.45% |
| MODEL YEARS 2001-2003 |
| 60 MONTH |
| 2001 - 2003 |
N/A |
7.25% - 16.75% |
| 36 MONTH |
| 2001 - 2003 |
N/A |
6.75% - 16.25% |
E-mail us at: telco@telcofcu.org
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Copyright ©2008
All rights reserved
Last updated: 05/01/08
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