Driving Sense - A Low Payment Alternative to Leasing
How would you like the low monthly payments of a lease, without all the heavy restrictions and hidden costs of leasing? Sounds impossible? It’s not. MPS Credit Union’s Driving Sense offers just that!
Like a lease, Driving Sense offers payments that are considerably lower than conventional financing. But unlike a lease, with our Driving Sense program you own the vehicle and have all of the flexibility and benefits of vehicle ownership!
Benefits of the program include:
- Available on new and pre-owned vehicles up to 5 years old.
- Flexible loan terms of up to 72 months.
- No up-front costs or early termination fees.
- Annual mileage options of 7,500, 10,000, 12,000, 15,000 and 18,000 available.
- No higher insurance premium.
- Trade-in, payoff, refinance or sell at any time.
- Easy “walk-away” option at loan maturity. Our program guarantees residual value – if your vehicle is worth less than what you owe on your loan at maturity, you can turn the vehicle in and "walk away."
- No early payoff penalty.
- The vehicle is titled in the borrower’s name – you OWN the vehicle!
- Refinance your current vehicle loan to reduce your monthly payments.
- It enables you to easily upgrade and/or change your vehicle every couple of years!
Why pay for the whole car?Pay for what you use with a guaranteed future value that allows you flexible options at loan maturity - turn in and "walk away", keep it, or trade-in/sell it. You can choose whatever option works best for you. |
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View the chart below to see how Driving Sense compares to a conventional loan, or click here to calculate your payment.
| Loan Information | Conventional Loan | Driving Sense Loan |
|---|---|---|
| Loan Amount | $36,000 | $36,000 |
| Interest Rate | 5.25% APR | 6.00% APR |
| Number of Payments | 36 | 36 |
| MONTHLY PAYMENTS | $1,083.02 | $745.38 |