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|
If you handle your
new vehicle financing
through a car dealer,
you may not be getting
the best deal.
Their advertised loan
rates maybe lower, but
you may end up paying
hundreds of dollars more
for your car than if you
had financed it through
First Trust and Savings
BankFeatures:
- New and Used vehicles
- Low interest rates
- Monthly payments to fit YOUR budget
- Credit Life and Accident/Health insurance available
How much car can I
afford?
How
long would it take
to pay off a loan?
What would my
payments be?
Credit Application
If the manufacturer offers you a choice between a cash rebate and the reduced-rate financing, your best bet maybe to use the rebate as a down payment and finance the car loan through First Trust and Savings Bank.
|
Manufacturer |
First Trust |
|
Financing |
Financing |
| APR* |
0.0% |
6.90% |
| Vehicle Price |
$20,000 |
$20,000 |
| Down Payment** |
0 |
$4,500 |
| Manufacturer’s Rebate |
0 |
$4,500 |
| Loan Amount |
$20,000 |
$15,500 |
| Repayment Terms (months) |
60 |
60 |
| Monthly Payment |
$333.33 |
$306.19 |
| Total Payment |
$20,000 |
$18,371.27 |
| YOUR SAVINGS: $1,628.73 |
|
|
* These figures are for illustration purposes only
** Manufacturers offer either 0.0% financing or a large rebate that can be used as a down payment at First Trust and Savings Bank
|
