WHAT ARE MY BUSINESS LINES OF CREDIT OPTIONS?
SO WHAT'S THE DIFFERENCE?
WHAT TO EXPECT.
"Within 10 minutes of completing an auto loan application, a loan specialist called and told me I was approved. Three hours later I went home with a 2014 Chevy Sonic that I named 'Sapphire'. From that day on, I believed Louisiana FCU didn’t place limits on their members. So as a member, I won't put limitations on how much they would go above and beyond to keep their members happy."
- Antoinette M. MEMBER SINCE 2009
STEP 1: RESEARCH BUSINESS LINE OF CREDIT RATES.
Rates effective as of March 14, 2019
Rates subject to change without notice.
No maximum loan amount
Maximum term of 12 months with renewal options
Monthly interest only payments
Offered as both secured and unsecured
STEP 2: RESEARCH VEHICLE VALUE AND CALCULATE YOUR AUTO LOAN PAYMENT.
KNOW YOUR CAR'S VALUE
Check NADA for car prices so you can decide what is a fair price to pay for the vehicle. Very few vehicles actually sell for MSRP (Manufacturer’s Suggested Retail Price or “sticker price.”) Negotiate a sales price from the invoice price up - not down from the MSRP. Taxes, registration, and transportation costs are not included in MSRP.
Sometimes buyers have the option of choosing between rebates or zero percent financing – but not both. In most cases, you are better off taking the rebate rather than zero percent interest. Losing out on the rebate means you pay more for the car – more than if you would have taken the rebate and financed at a low rate. We can guide you through both options and help you decide what would be best for you.
Credit Life Insurance helps cover the loan balance in the event of a borrower's death.
Credit Disability Insurance helps cover loan payments if covered borrower becomes totally disabled.
Mechanical Repair Coverage (MRC) helps protect against the cost and inconvenience of breakdowns.
Guaranteed Asset Protection (GAP) pays the vehicle's cost not covered by primary insurance when it is totaled or stolen.
* APR = Annual Percentage Rate
Loan terms based on underwriting
Rates are based off of Wall Street Journal Prime