Think It Forward: Save Money on Your New Car

Ready to move ahead on purchasing your new car? Think it forward and save money. Before you visit the dealer, talk to one of our loan officers at Harvard University Credit Union about financing options.

Arranging your financing in advance is like having the money in your pocket when you go car shopping. It gives you the upper hand when you start negotiating price. And, as a member of a cooperative you reap the benefits of the lower rates that HUECU offers.

There's more: Forward thinking your financing takes the pressure off when dealers offer you their special low-rate financing (based on a higher sticker price). Be ready for that. Car dealers might offer you a rebate. Prepare yourself by doing the math and utilize our Dealer Financing vs. Credit Union Financing calculator.

Often you'll find it's best to:

  • Take the rebate.
  • Negotiate a lower sticker price.
  • Use the financing you prearranged with your credit union.
  • Use the rebate as part of your down payment.

Using the rebate as part of your down payment reduces the total amount of the loan. You'll pay less in finance charges and have a smaller monthly payment. And while you're car shopping, don't forget about the many eco-friendly auto options and the Harvard Credit Union's even friendlier Green Auto Loans.

If you're looking to purchase a vehicle, Harvard University Credit Union is here to help. For more information check out our Auto Buying Help Center or view one of our Interactive Coaches. You can also stop by any of our branch locations, email us or call us at (617) 495-4460.

 

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