Auto Choice
Get More Car
for Less with AutoChoice
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If you are a low-mileage driver, or you want to drive a more expensive car for only a few years, or you want a lower monthly payment, the AutoChoice loan may be your best financing option.
How is AutoChoice different from a conventional vehicle loan? The contract to pay a monthly amount is calculated partly on the difference between the sales price and residual value of the car (the estimated worth at lease end). Payments are less than conventional financing (up to 30%) since you are not financing the full vehicle price.
- New or used vehicles qualify.
- No or low down payment - even the taxes and registration fees can be included in the payment plan.
- Lower monthly payments - up to 40% less than conventional loans.
- Mileage plans for various driving habits - from 12,000 to 18,000 miles per year.
- Flexible terms.
- Actual ownership of vehicle.
- Plenty of options for end of term:
- Drive a new car - which is safer and has lower maintenance.
- Get more car for your money - drive a better car for the same amount of money as a conventional loan.
- Minimize cash outlay on a depreciating asset - leaves money for better uses, such as other purchases or investments.
- Refinance remaining balance and keep the vehicle.
- Sell it.
- Pay remaining balance in full.
- Trade it in.
- Return the vehicle.
Call us today 734-662-8200 for more information.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Mortgage loan services provided by MemberFirst Mortgage LLC (NMLS #149532)
and UMCU (NMLS #712343)