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 Telcom offers loans for vehicles at very affordable rates - for both new and used vehicles. We also have a buying service, Auto Privileges, that can help you save money on a gently used car or truck. We can help you find a vehicle, or you can purchase from our inventory. Take a look at what's in stock right now.
Telcom Credit Union auto loans feature:
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Low rates for new or used vehicles up to 72 month terms, based on credit experience
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The same low rates for new or used vehicles
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Simple interest calculation on unpaid balance
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No pre-payment penalties
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No down payment for qualified borrowers
It's easy to apply for a Telcom auto loan. You can:
Take the Rebate instead of 0% Dealer Financing
It might sound better to pay no (0%) interest when you finance a vehicle. But if you do, you might end up paying more than you should!
When there is a dealer rebate offered, you can save thousands of dollars by taking the rebate and financing your vehicle with Telcom Credit Union.
Take a look at the following example. If the car you want to buy costs $25,000, and you can choose between a $5,000 rebate or 0% APR dealer financing, you could save over $2,600 by financing with Telcom.
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Telcom Credit Union
Financing
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Dealer Financing |
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Amount borrowed
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$20,000
($25,000 - $5,000 rebate)
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$25,000
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APR = Annual Percentage Rate
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5.50%
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0%
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48 Monthly Loan Payments
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465.13
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520.83
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Total Amount to be Paid Back
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$22,326.24
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$25,000
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Total Savings by Financing
with Telcom Credit Union
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$2,673.76
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To see how much you could save by taking a rebate and financing with Telcom instead of choosing dealer financing, click here.
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