Did you know you can get a better deal on a car if you buy at the end of the month? You sure can! Dealers need to meet monthly sales goals and often you’ll get a better deal with a motivated dealer.
End of the month isn’t the only motivator, actually end of just about any period will reward you with an opportunity for a good deal. Along with monthly goals dealers have to meet quarterly and annual thresholds. They may be willing to take less on an auto deal to reach a quota or bonus level.
Another good time is in the Fall. The 2019 models are making their debut. Dealers will be motivated to offer heavy discounts on older models to make room for the new vehicles.
Did you know you can get a great deal on an auto loan at Cal Poly Federal Credit Union? You sure can! You’ll get a great rate on that loan, and for NEW vehicles, you’ll get 1% Cash Back! That’s right, get 1% of your new vehicle loan back in Cash!
Did you know you can do all of your auto loan arrangements electronically? You sure can! From application to signing your loan agreement. Everything can be completed in the comfort of your office or home. You never need to take time away from your busy day to make auto loan arrangements.
In fact we can pre-approve you before you go to the dealership so you can spend your time focusing on negotiating on the price of the vehicle vs. negotiating on the payment. Ready to buy your next vehicle? Let’s get started!
How does the 1% Cash Back program work?
If you are in the market for a new vehicle, you can submit your loan application and get pre-approved before you go car shopping. Once at the dealership, let them know you have your financing approved at the Credit Union. Send us your purchase order and we will finalize the loan and give you 1% of the loan amount in CASH! We can deliver the loan agreement to you electronically – omitting the need to come into the Credit Union. We make the process very convenient and rewarding with a low loan rate and 1% of your loan amount in cash.
Did you already buy a vehicle? 2018 vehicles with under 7,500 miles qualify for the 1% cash back as well.
We can even assist you in finding your perfect vehicle with our FREE auto buying service (Autoland). Let them know what you’re looking for and they will do all the leg work for you. They will even deliver your perfect new vehicle to you, bypassing the dealership altogether. Check them out!
Not a member? Not a problem! You can submit your loan application and stop into our office to establish your membership. We extend membership to those affiliated with Cal Poly Pomona (Alumni, Faculty, Staff, Students, and family members of our membership). Get started on your membership today!
Conditions and credit approval apply. Offer does not apply to used vehicles or loans currently with Cal Poly Federal Credit Union. Offer expires December 31, 2018 and loan amount must exceed $10,000. Members is to surrender cash bonus if loan is paid off in full within one year.
Protect Your Investment
GAP Insurance and Extended Warranty are insurance products most members purchase at the dealership. We offer both of these competitively priced products for our members.
- GAP Insurance – protects a members if their vehicle is stolen and isn’t recovered, or is totaled in an accident. It waives the difference or GAP between your primary carrier insurance settlement and the payoff of your loan balance. It also provides a member with $1,000 to use toward the financing of a replacement vehicle. The cost of GAP Insurance at the dealership is typically around $800.00. The GAP policy at the Credit Union only costs $399. That’s a savings of $401.00 right off the bat!
- Extended Warranty Insurance – How many times have you heard stories about vehicles breaking down right after the warranty expires? With Mechanical Breakdown protection from Mercury, you can rest easy knowing you are covered. Plans extend coverage to virtually all mechanical and electrical components of your vehicle. Warranty plans are available for both new and pre-owned vehicles, and coverage is transferable if you sell your vehicle before your agreement expires, providing added resale value. Repairs can be done at any licensed U.S. or Canadian repair facility. We suggest you obtaining a quote for Extended Warranty Protection before going to the dealership. It will give you the chance to compare apples to apples and get the best warranty for your investment. Get a Quote Today!