Your Solution to lowering your monthly car payments
Member Auto Payment Saver, or MAPS ™, is a vehicle financing program that lets you enjoy the benefits of leasing, including monthly payments that are considerably lower than conventional financing. Because MAPS ™ is a loan and not a lease, you avoid all of the expensive drawbacks of leasing.
The benefits MAPS ™ include:
- Ownership of the vehicle
- Up to 18,000 miles per year allowance
- No application fees or security deposit
- No first or last payment
- And many, many more
|Sales tax||Paid up front||Monthly Sales Tax Fee (usually adds up to more than 6% using this method)|
|Up front first and last payment required||No||Usually Yes|
|Security deposit required||No||Usually Yes|
|Options at end of term: Sell vehicle||Yes||Yes|
|Use as trade||Yes||Usually No|
|Previously owned vehicles qualify||Yes**||Usually No|
|Mileage allowance||Up to 18,000 miles per year||12 to 18,000 per year|
|Over limit||10 cents per mile|
|Who owns vehicle||Member||Lease company|
|*If a member returns vehicle, credit union is guaranteed payment of Residual value established at time loan is disbursed.|
|**Current model year and previous three model years qualify. Demonstrators qualify as new vehicle when they are current model-year vehicle.|
At the MAPS™ calculator Web site you will be able to calculate a monthly payment for as many vehicles as you choose with the options you select. Current model year vehicle and vehicles up to three model years old qualify for MAPS™ financing. The calculator will automatically calculate the monthly payment for both MAPS™ financing and conventional vehicle financing, allowing you to immediately see the lower monthly payment available with MAPS™ financing. For rates click here.
When all the steps are completed you will receive a message informing you that a loan officer will be contacting you.
NOTE: This site is for calculation only. A loan application still must be executed.
For more information about MAPS ™ call our Loan Office today at 570-961-1100.