It seems like every car dealer is offering 0% financing. But just like any offer that sounds too good to be true, this one is no exception! As a member-owned financial institution, we are dedicated to educating our members and ensuring your financial well-being. So here are some things you should know about 0% financing:
You usually have to choose between the dealer rebate and 0% financing
Generally, only people with High Credit Scores qualify for 0% financing
0% financing is usually offered with very short repayment terms
You may be required to make a large down payment
0% financing is usually offered for certain models with certain features
The price of the car may not be negotiable
A car is a major purchase, and even with 0% financing it is still an expensive one. Be sure to carefully consider all the costs and variables involved in your transaction, and always feel free to walk away and think about an offer. Don't let high-pressure tactics force you into making a purchase-you can always buy your car later or somewhere else!
November 1, 2018 . All rates are AS LOW AS
3.84% and are quoted as Annual Percentage Rate. Rates and terms are subject to change without prior notice. Other restrictions may apply. Rates apply on new loans only. Subject to normal credit, underwriting and collateral value guidelines. Floor rate on auto loans is
3.84% APR. Maximum term for
3.84% rate is 60 months. For vehicles over 10 years old, add 2.00% to the above listed rates. This offer does not apply to existing Firstmark CU vehicle loans. On loans refinanced from other lenders, members must provide documentation of their existing rate with the other lenders to qualify for the rate match. For title secured auto loans, add 2.00% to the above listed rates and max LTV is 80%.
The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.
Firstmark Credit Union
Firstmark Credit Union (formerly San Antonio Teachers Credit Union) is a member-owned, locally controlled not-for-profit financial cooperative. It was chartered in 1932, giving it the honor of being the oldest state-chartered credit union in San Antonio, Texas.