| |
The following chart is based on a car that costs $23,000
and offers 0% interest or a rebate of $3,000.
We Find More Ways to Help!
Taking the manufacturer's rebate on a new vehicle and
getting a low-rate IU Credit Union loan will often save
you more than taking the manufacturer's 0% financiang offer.
Here's an example of how taking the rebate can save
you more than $400:
| |
Manufacturer's 0% |
IUCU Rebate |
| Purchase Price |
$23,000
|
$23,000
|
| Less Manuf Rebate |
not allowed with financing |
- $3,000
|
| Loan Amount |
$23,000
|
$20,000
|
| Rate (APR) |
0 %
|
4.9 %*
|
| Term |
60 months
|
60 months
|
| Monthly Payments |
$383.33
|
$376.51
|
| Total Loan Repayment |
$23,000
|
$22,590.60
|
| |
|
|
| Total Savings |
|
$409.40
|
| * Rate
accurate as of 5/8/03 and is subject to change
at any time. Check out our WEbsite for other
rates and terms Your payment at this rate and
term would be $18.83 per $1,000 loan amount. |
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Call Debi at 219-980-6850
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