Rates
Auto Loan Rates
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36 month auto loans at 3.49% or 3.99% APR. Qualify and you WILL get one of these awesome rates!
New Auto Loans
| Description | 0- 60 months | 61-72 months | 73-84 months | Daily Periodic Rate |
|---|---|---|---|---|
| PREMIER | 5.00% | 5.75% | 6.75% | 0.01369% |
| NEW | 5.50% | 6.25% | 7.25% | 0.01506% |
| GO GREEN | -.51% off above rates | -.51% off above rates | -.51% off above rates | 0.01230% |
| Note: Through September 31, 2008, all 36 month auto loans (new, 2006-2008 used and refinance loans) are 3.49% – 3.99%. |
Used Auto Loans
| Description | 0-60 months | 61-72 months | 73-84 months | Daily Periodic Rate |
|---|---|---|---|---|
| Premier ‘06-’08 | 5.50% | 6.25% | 7.25% | 0.01506% |
| Regular ‘06-08 | 6.25% | 7.00% | 8.00% | 0.01712% |
| Go Green ‘06-’08 | -.51% off above rates | -.51% off above rates | -.51% off above rates | 0.01367% |
| 2005 – 60 mo max | 6.50% | n/a | n/a | 0.01780% |
| 2004 – 48 mo max | 7.00% | n/a | n/a | 0.01917% |
| 2003 & older – 36 mos | 7.75% | n/a | n/a | 0.02123% |
| MINUS 2 Refinance (0-72 mos) | Starting at 6.50% | Starting at 6.50% | n/a | 0.01780% |
| Note: Through September 31, 2008, all 36 month auto loans (new, 2006-2008 used and refinance loans) are 3.49% – 3.99%. |
* RATE REDUCER BONUS: Excludes Premier New, Go Green and Premier Used auto loans. The rates above reflect a 0.25% rate reduction that will be given if payment is made by payroll deduction or automatic payment from an NIHFCU account. If payroll deduction or automatic payment is discontinued, the APR will increase to the current rate and any increase in the rate will result in more payments of the same amount until what you owe has been repaid.
^ GO GREEN AUTO LOANS: Pertains to new vehicles with 25 MPG City based on The United States Department of Energy current official EPA ratings (www.fueleconomy.gov)
Your Annual Percentage Rate may vary depending on your creditworthiness. Please ask a loan officer for details regarding how your rate is determined.
As a condition of receiving an automobile advance/loan, you must obtain single-interest automobile coverage. You may obtain the single-interest auto insurance from anyone you want that is acceptable to the credit union. If you get the insurance from the credit union, you will pay $12.00. This rate is subject to change. The insurer waives all subrogation rights.
Maximum loan amount on all auto loans is $100,000.
If you are more than 10 days late in making your payment, you will be assessed a late payment of 5% of the past due amount or $20, whichever is greater.
You understand that in the event of default, you will pay all reasonable costs and expenses of collection of any indebtedness you owe to the Credit Union, plus the costs and expenses of the repossession and sale of any collateral. These costs and expenses which you agree to pay to the Credit Union include, but are not necessarily limited to: all court costs; litigation expenses; collection agency fee and reasonable attorney’s fees of the unpaid total amount you owe to the Credit Union.
