Smart Choice Auto Financing

Get a bigger/better car for your money!

Combine the lower payment of an auto lease with the ownership benefits of a conventional auto loan!

Compare the ways to Finance Your Next Vehicle:

1. Lease from a Dealership 

• Up-front cost (down payment)
• Locked-in terms
• You are a renter, not an owner
• Increased insurance premiums usually required
• Early termination fees
• Typically limited to new car models only

2. Conventional Loan (Simple interest financing) 

• Often a longer term is needed to afford payment
• Risk of unexpected depreciation
• Increased negative equity risk
• Early trade-out is limited

3. GCFCU Smart Choice Auto Financing 

• Guaranteed a future value (GFV) of car at end of term
• Reduced risk for negative equity
• Payments are lower - based on difference between conventional loan amount and the GFV
• A lower payment allows options for better cars
• Choose a new or used car (up to 5 years old)
• You have rights of ownership:
  Titled in your name
  Choose your own insurance
  Trade or sell at any time
  No early termination fees
• Guaranteed Asset Protection (GAP) insurance is included if the loan-to-value is greater than 80%

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