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VEHICLE LOANS
We make loans for the purchase of new or
used cars, trucks, sport utility vehicles, vans, motorcycles
and recreational vehicles (motor homes). Although we may offer
special promotions from time to time, our goal is to offer
the lowest vehicle loan rates in our area every day. Unlike
some financial institutions that reduce their rates only in
the spring or fall, you can be assured we'll have the lowest
rates we can possibly offer no matter when you're in the market
for a vehicle.
NEW AUTOMOBILES
We'll finance up to 100% of the total
sale price of a new automobile including tax, title, tags,
dealer prep, freight, options, extended warranty and GAP
coverage. The maximum repayment period is 7 years depending
on the total amount borrowed. A current or previous year model
will be considered “new” if it has never been
titled and the odometer reading is no more than 6,000 miles.
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USED
AUTOMOBILES
We'll finance up to 100% of the total
sale price of a used automobile (including tax, title, tags,
extended warranty and GAP
coverage) or the retail value as listed in the Eastern
Edition of the NADA Official Used Car Guide, whichever is
less. The maximum repayment period is 5 years depending on
the age of the vehicle. If you're buying a used vehicle from
Enterprise Car Sales, we'll finance the purchase at our New
Auto interest rates.
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NEW
MOTORCYCLES
We'll finance up to 90% of the total
sale price of a new motorcycle including tax, title, tags,
dealer prep, freight, options, extended warranty and GAP
coverage. The maximum repayment period is 6 years. A current
or previous year model will be considered “new”
if it has never been titled and the odometer reading is no
more than 3,000 miles.
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USED
MOTORCYCLES
We'll finance up to 90% of the total
sale price of a used motorcycle (including tax, title, tags,
extended warranty and GAP
coverage) or the appraised value, whichever is less. We
may require an appraisal of the used motorcycle at the member’s
expense. The maximum repayment period is 4 years.
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NEW
RECREATIONAL VEHICLES (MOTOR HOMES)
We'll finance up to 90% of the total
sale price of a new recreational vehicle including tax, title,
tags, dealer prep, freight, options and extended warranty.
The maximum repayment period is 12 years depending on the
amount financed. A current or previous year model will be
considered “new” if it has never been titled and
the odometer reading is no more than 6,000 miles.
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USED
RECREATIONAL VEHICLES (MOTOR HOMES)
We'll finance up to 90% of the total
sale price of a used recreational vehicle (including tax,
title, tags and extended warranty) or the appraised value,
whichever is less. We may require an appraisal of the used
recreational vehicle at the member’s expense. The maximum
repayment period is 5 years.
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REFINANCING
AN AUTO LOAN FROM ANOTHER LENDER
When paying off a loan from another
lender, we'll finance up to 110% of the NADA retail value
or the amount required to pay off the loan, whichever is less,
at our normal Used Auto loan rates and subject to our normal
loan qualification guidelines.
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