When most customers consider refinancing, mortgages might be the first thing to come to mind, but Mission Federal Credit Union offers automobile loan refinancing as well as brand-new auto loans and lease buyouts for locals of San Diego County. In truth, for a limited time, Mission Fed is providing customers a special APR as low as 1.49 % on loans for automobiles with model years 2008 and newer.

The unique rate, which is subject to credit approval, is available for funds toward the initial purchase of a brand-new or secondhand car, a lease buyout or refinancing of an auto loan released by another lender. Consumers can take benefit of this offer to replace their current non-Mission Fed car loan if it has a higher rate, conserving money over the life of the loan.

Why You NeedHad to Refinance Your Automobile Loan

Maybe you took advantagemade the most of dealership financing since of the easy approval process, benefit or rewards such as cash back offers at the expense of a more attractive rate of interest. Or, perhaps you have actually cleaned up your credit report because you bought a vehicle and can now qualifyget a lower rate of interest instead of being stuck to an unfavorable rate for several more years. Objective Fed’s advertising automobile loan provides you the chance to reduce your rate.

In addition, the advertising offer includes:

  • No minimum loan quantity
  • The choice to defer the very first payment for as much as 90 days for qualified borrowers

Mission Fed likewise provides APRs as low as 1.89 % for automobile loans of up to 72 months on vehicles with design years 2008 and newer. Loans for other types of automobiles are likewise available.

This offer suggests that numerous consumers who have dealer-financed loans and even higher-interest direct loans from other banks or cooperative credit union might stand to save a significant amount in interest.

About Objective Fed

Mission Fed is a not-for-profit financial cooperative possessed by its clients, and credit union membership is open to those who live, work or go to school in San Diego County. You can start an application by phone, online or at one of Mission Fed’s more than 25 branch areas, and online applications could get an answer in minutes. To take benefit of this Mission Fed auto loan offer, you will need a legitimate motorists license and current evidence of insurance when you apply for vehicle financing.

Mission Fed also provides inspecting accounts, savings accounts, credit cards and home loans with competitive rates.

Mission Fed is a GOBankingRates client.

APR = Yearly Percentage Rate and might differ based upon credit qualifications. Rates as low as 1.49 % APR and terms up to 48 months available on purchase, lease buyout or refinance of non-Mission Fed Automobile Loan. All loans are subject to approval. Very first payment may be deferred as much as 90 days for certified customers. Interest may remain to accumulate during the deferment duration. A regular monthly payment of $21.48 for each $1,000 borrowed is based on an Automobile Loan at a rate of 1.49 % for 48 months. No minimum loan quantity for 1.49 % APR rate shown. Other rates and terms are available. No top quality titles or industrial use automobiles will be funded. A valid driver license and existing insurance information are needed at the time of financing. Restrictions may use. New clients should be eligible to open an account and all accounts undergo approval. Programs, rates, terms, conditions and services subject to change without notice. 2/15

Image credit: David Brooks