New & Used Vehicle Loans
Choice One is your best choice for financing a new or used vehicle.
- Cars, Light Trucks, Sports Utility Vehicles
- MAPS™ (Member Auto Payment Saver)
- Boats & ATVs
- Motorcycles
- Airplanes
- Recreation Vehicles
- CarSmart
- NADA
- Carfax
Cars, Light Trucks, Sports Utility Vehicles
Shop around to find the car, van, light truck or sport vehicle you
want, then come to your credit union for affordable financing -
or have your loan pre-approved for that cash-in-hand negotiating
advantage. We can also help you establish the best price to resell
or trade-in your current vehicle.
- Financing up to 100%
- Terms up to 72 months
- Rates to suit your budget
MAPS™
(Member Auto Payment Saver)
Drive The Car Of Your Dreams With A Lower Monthly
Payment!
While similar in concept to leasing, MAPS™ overcomes many of the leasing drawbacks:
- You have full ownership of the vehicle.
- There's no security deposit required
- There's no "wear and tear" penalties.
- There's
no
no capitalization fees!
How
Does MAPS™ Work?
It's simple. Finance your car through Choice One Credit Union
Federal Credit Union. Our computers will determine,
based on industry-approved guidelines, what the car will be worth
the year your loan is scheduled to end (called the "residual
value"). We subtract the residual value from your loan and
base your monthly payments on the remaining amount.
For example, if your loan is for $20,000 and our computers tell us the vehicle will be worth $8,000 (residual value) the year it is scheduled to end, your monthly payments are calculated for $12, 000 ($20,000 - $8,000 = $12,000) instead of the full $20,000. Your monthly payments could be lower by nearly 50%!
What
Happens At The End Of The Loan?
When your loan is paid up, you have the following options:
- Sell the vehicle, pay the residual value, and keep the difference.
- Trade in the vehicle and pay the residual value as part of the transaction.
- Refinance the residual value as a used vehicle loan.
- Return the vehicle to the credit union and forgo paying the residual value.
Check Out MAPS™ Today!
If you're planning to buy a new car, van, or light truck, be sure
to call or stop by our new credit union office first. We'll be happy
to explain the details.
MAPS™ is a registered trade name of Membership Marketing Support Services.
Boats & ATVs
If a recreational vehicle is your goal, check with us before buying. With as little as 20% down, you can heading into your favorite unchartered territory.
Motorcycles
Whatever your favorite motorcycle choice, we have financing available. With a 30% down payment, you can choose a new or used motorcycle and get the same rates and terms as with our new and used automobiles.
Recreational Vehicles
Take to the road in your home on wheels. Call us today and then hit the road.
CarSmart
Tired of the frustrations of working with dealers?
CarSmart is an easier way to buy a car. It's for members only.
