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.
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|
|Interest Rate||5.25% APR||6.00% APR|
|Number of Payments||36||36|