AUTOMOBILE LOANS

Put yourself in the driver's seat when you purchase a new or used car with DFECU. Our financing options, rates and loan pre-approvals can help you find the best car for your needs, at the best price! Enjoy the added convenience of making your payments with Direct Deposit.

New and used car, truck, van loans and motorcycle loans are now available at rates as low as 4.74 percent Annual Percentage Rate to qualified borrowers (or even lower!*). Auto financing is available up to 72 months, for slightly higher rates. Apply on-line now.

* If you have Direct Deposit or Payroll Deduction of at least $400 per month to your DFECU account, AND a DFECU checking account, you qualify for a 0.25% interest rate reduction on your vehicle loan.
You can also qualify for an additional 0.25% interest rate reduction if you have a Down Payment of at least 10 percent.

Determine your payment amount.

Use the Loan Calculator to figure out your payment or how much interest you'll pay.

Apply Online

Fill out an Application Form online; or print the application form, fill it out and send it in to the nearest Branch Office.

CPI (Collateral Protection Insurance)

You may have received a letter stating we did not receive a copy of your policy renewal or reinstatement from your insurance agent or company. We are asking for your help to show us that you are meeting this requirement. If you have insurance with the required Comprehensive and Collision coverage, naming us as Loss Payee, please go to our Insurance Information Form and provide us with your insurance data.

Payment Shaver - Drive More For Less

DFECU offers Payment Shaver, the auto loan that's structured like a lease, only better! It offers monthly payments up to 30% lower than a conventional loan. Here's why it's better than a lease:

• You're allowed up to 18,000 miles per model year (lower mileage options are also available)
• It can be written for almost any make or model of car or truck
• You can use it to pay for new autos or used autos up to five years old
• The vehicle is titled in your name
• No security deposit is required
• Typically no down payment is required
• You can terminate the loan without penalty simply by paying it off

The Payment Shaver loan is flexible right up to the end. There are four easy options:

• Sell the car, pay off the loan balance and if there's equity, keep it
• Trade the car in and pay off the loan balance
• Keep the car and refinance the amount owed; or
• Return the car and the balance will be paid off subject to charges for excess mileage, missing equipment and unrepaired damage covered by insurance

Enterprise Auto Sales

We offer daily Enterprise car sales at three locations:

Enterprise online vehicle list		Clinton Township	Wyandotte

Shop from a wide variety of vehicles on the Enterprise website or at their lots. Call for a pre-approved loan before buying. DFECU co-sponsors a members-only Enterprise car sale every March at the Michigan State Fairgrounds. Watch for the 2004 sale announcement.

AutoVantage

As a DFECU member, you have the option of using AutoVantage, a free auto buying service. Be an educated consumer with free New Car Summary Guides and possibly save thousands off the sticker price without the hassle of negotiation!