Buying a new vehicle can sometimes be an overwhelming task. Use the resources below to learn more about the products and services that are out there to keep your loan and your new auto in tip-top shape.
A fee charged by your lending institution to cover the expenses incurred for things such as credit reports, insurance verification, and processing of the application.
The percentage of interest you pay for one year on the unpaid balance of a loan. APR applies to vehicle loans but not to leases.
The equivalent of the purchase price of a leased vehicle. Whereas a new car has a "price," a leased vehicle has a "capitalized cost" (the amount that accrues interest).
Refers to a variety of ways to reduce the capitalized cost, such as a rebate, trade-in, or down payment.
A financial organization that is affiliated with an automotive manufacturer or distributor. General Motors Acceptance Corporation, or GMAC, is an example.
A lease where the consumer is not liable for the vehicle's projected value (at lease's inception) and its actual value (at lease's end). The consumer is, however, liable for excessive wear and mileage. (See Open-End Lease.)
A lease to an individual who intends to use the vehicle primarily for personal, family or household use, rather than for business. A consumer lease can have a total contractual obligation of no more than $25,000.
Any amount with which the dealer reduces the manufacturer's suggested retail price.
A vehicle's decline in value over a period of time.
A fee charged by some dealers to cover the cost of preparing lease or loan documents.
A fee charged by some dealers to cover the cost of preparing lease or loan documents.
The cash you give to the dealer or lessor to reduce the vehicle's price. It's a type of Cap Cost Reduction.
Insurance coverage to pay for future lease or loan payments in the event your vehicle is stolen or totaled in an accident.
A financial organization that leases vehicles but is not affiliated with an automotive manufacturer or distributor. (See Captive Finance Company.)
(See Acquisition Fee.)
The company that leases the vehicle to the consumer.
Also known as "sticker price." MSRP is what the vehicle manufacturer determines is the value of the car at retail. In the majority of situations, the vehicle sells for less than the MSRP. However, it can sell for more than the MSRP if the vehicle is in particularly high demand.
A lease where the consumer is liable for a shortfall between the vehicle's projected value (at lease inception) and its actual value (at lease end). (See Closed-End Lease.)
A fee charged by the dealer or lessor to cover the incurred cost of readying the vehicle for pickup. Also known as "prep fee."
A lease's equivalent to a regular auto loan's interest.
The estimated wholesale value of a leased vehicle at the end of the lease. It is used to determine your monthly payment.
A lease where all payments are made in a lump sum, rather than on a monthly basis. Generally, the consumer pays less interest this way than with a conventional lease.
The sum of your down payment, trade-in, all monthly payments and any other fees, exclusive of deposits, taxes, and registration expenses.
The value assigned to the vehicle you use as a trade.
A fee charged by your lending institution to cover the expenses incurred for things such as credit reports, insurance verification, and processing of the application.
The percentage of interest you pay for one year on the unpaid balance of a loan. APR applies to vehicle loans but not to leases.
The equivalent of the purchase price of a leased vehicle. Whereas a new car has a "price," a leased vehicle has a "capitalized cost" (the amount that accrues interest).
Refers to a variety of ways to reduce the capitalized cost, such as a rebate, trade-in, or down payment.
A financial organization that is affiliated with an automotive manufacturer or distributor. General Motors Acceptance Corporation, or GMAC, is an example.
A lease where the consumer is not liable for the vehicle's projected value (at lease's inception) and its actual value (at lease's end). The consumer is, however, liable for excessive wear and mileage. (See Open-End Lease.)
A lease to an individual who intends to use the vehicle primarily for personal, family or household use, rather than for business. A consumer lease can have a total contractual obligation of no more than $25,000.
Any amount with which the dealer reduces the manufacturer's suggested retail price.
A vehicle's decline in value over a period of time.
A fee charged by some dealers to cover the cost of preparing lease or loan documents.
A fee charged by some dealers to cover the cost of preparing lease or loan documents.
The cash you give to the dealer or lessor to reduce the vehicle's price. It's a type of Cap Cost Reduction.
Insurance coverage to pay for future lease or loan payments in the event your vehicle is stolen or totaled in an accident.
A financial organization that leases vehicles but is not affiliated with an automotive manufacturer or distributor. (See Captive Finance Company.)
(See Acquisition Fee.)
The company that leases the vehicle to the consumer.
Also known as "sticker price." MSRP is what the vehicle manufacturer determines is the value of the car at retail. In the majority of situations, the vehicle sells for less than the MSRP. However, it can sell for more than the MSRP if the vehicle is in particularly high demand.
A lease where the consumer is liable for a shortfall between the vehicle's projected value (at lease inception) and its actual value (at lease end). (See Closed-End Lease.)
A fee charged by the dealer or lessor to cover the incurred cost of readying the vehicle for pickup. Also known as "prep fee."
A lease's equivalent to a regular auto loan's interest.
The estimated wholesale value of a leased vehicle at the end of the lease. It is used to determine your monthly payment.
A lease where all payments are made in a lump sum, rather than on a monthly basis. Generally, the consumer pays less interest this way than with a conventional lease.
The sum of your down payment, trade-in, all monthly payments and any other fees, exclusive of deposits, taxes, and registration expenses.
The value assigned to the vehicle you use as a trade.
click link below to login to Online Banking
Send us your best pet photo for your chance to be featured in our first-ever CCCU Furry Friends Calendar! We'll sell the calendars during the holidays in our branches and donate 100% of the calendar proceeds to the Oregon Humane Society.
PHOTO SUBMISSION DEADLINE:
Sunday, October 31 | 5:00 pm
