Obtaining a loan is often one of the most important steps in purchasing a vehicle. The main issues can be navigating the process of getting the loan and finding one that can be paid off with manageable interest rates. Finance a vehicle with Wayne Westland Federal Credit Union, and you’ll find at least 10 reasons that the exchange is worthwhile.
The first reason is that you’ll be supporting a community-based Credit Union which is employed by local residents and is structured to provide the best individualized service available. Residing in the area since 1954, the Credit Union originated in Wayne, Michigan and moved permanently to Westland in 2001. Second, the business offers the advantage of low interest rates on loans for various time periods, expanding the choice of options for the traditional consumer.
Applying for a loan is easy as well; most applicants get an answer in 10 minutes, another reason to consider this community Credit Union. Most of the time, members also qualify for an interest rate discount, which translates to additional savings, and GAP insurance is also offered, so you get to protect the vehicle at yet another low rate.
Financial savings is expanded with the inclusion of a CARFAX report, worth $19.95, when one finances with the company. Another reason to finance a vehicle with the Credit Union is its low cost life and disability insurance. Loan rates are discounted by .50% when this insurance is purchased.
Additional reasons for financing vehicles with the Credit Union include no pre-payment penalty, for any type of loan, and automatic payments. You can have a separate account with the Credit Union and have funds transferred out without having to do anything; in fact, a .5% discount is offered when this option is selected. Finally, options such as a loan deferral and skip-a-pay offer members flexibility in managing their loan payoff. The Credit Union employs a friendly and knowledgeable staff to help you learn about and take advantage of these 10 reasons to finance your next vehicle there.