0% Interest, is it a good deal?

Zero percent financing is not always as good as it sounds.  Did you know that only 10% of people buying new vehicles actually end up with 0% financing?  In many cases, even if you qualify, choosing the rebate and a loan at Peoria Hiway Credit Union is the better way to go.  With the rebate you borrow less and could save money over the term of the loan.  Check out this example:

                              $18,000.00 LOAN

Interest/Term            0% / 48 Months      4% / 48 Months        3% / 36 Months

RebateN/A                          $2500                 $2500

$ Financed $18,000     $15,500       $15,500

Payments   $375  $350    $450.75

Total Repayment      $18,000     $16,799$16,227

You Save   $0      $1,201 $1,773

We also offer great rates, quick and easy loan approval, and payroll deduction.  Call the credit union at 309-693-5166 and one of the staff can give you more details on rates and payments.  Use your credit union and save.