Earn Money for Refinancing Your Vehicle Loan

In the previous blog post, we told you how refinancing your vehicle at a lower interest rate could save you hundreds of dollars and lower your monthly payments. Now, we’re going to tell you how refinancing your vehicle could actually earn you money.

It’s really quite simple. When you refinance you auto loan from another lender with Neighborhood Credit Union, we’ll give you $200. What’s the catch? The loan must be at least $10,000, and the loan you are refinancing must be from another lender. You cannot refinance a loan which originated at Neighborhood Credit Union. Meet those two requirements, and our regular credit criteria, and you’ll be $200 richer. This offer starts Friday, September 17 and will last through October.

During our fall auto loan promotion, we’re offering rates as low as 3.49% ARP for up to 72 months, with no payments until 2011. And remember, dealers are lowering prices now to make room for new inventory on their lots. If you stack our low rate on top of dealer clearance prices, you probably can find a new vehicle with payments that fit into your monthly budget.

One of the key things to remember when you’re shopping for anything is the cycle of savings. Every product, from what you buy at the grocery store, to what you buy at a dealership, has a cycle of savings. The price is highest when it first hits the marketplace and eventually goes down in price. Fall is by far the best time to save on a new vehicle. Prices on this year’s models go down, because next year’s models are hitting the lots.

Shopping gurus are always advising us to buy something when it’s on sale. Don’t wait until you need it, because the price may be higher. The same principal applies here. If you feel like you’re current vehicle is on its way out, don’t wait until you’re stuck on the side of the road. If it fits in your budget now, take advantage of these great fall deals while they are here. It may save hundreds or even thousands of dollars.