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Dear Member,
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Purchasing a hybrid or electric vehicle: A win for you, and for the planet! |
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With our fixed rate auto loan, you can help lead the way to a cleaner tomorrow by driving a vehicle that reduces harmful emissions and cuts your fuel costs.
We offer low rates and flexible terms for both new and used vehicles, plus a preferred fixed rate for your hybrid or electric cars to help you save more:
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Financing and refinancing options for new or used vehicles.
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Up to 125% financing for qualified borrowers.2
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Low monthly payments, and two skippable payments a year.3
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Possible additional perks, such as tax credits and low or no-taxes on hybrid or electric vehicles (consult your tax advisor).
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Get a better deal on your current vehicle loan |
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If you already had purchased your electric or hybrid car, refinancing is a simple solution to reduce your monthly payment and interest rate. Come to us to find out if we can offer you a better deal on your current loan. Very often we get our members a much better interest rate and payment than before.
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Want to learn more about electric vehicles? Check out our blog page. |
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1 APR means Annual Percentage Rate. The rates listed are fixed and will remain the same during the life of the loan. The two rates listed above include a 0.25% discount that you would obtain if you qualified and purchased an electric/hybrid vehicle. If you qualify and purchase a regular motor vehicle (not hybrid or electric), the promotional rate would be: 1.74% APR for up to 4-year financing, and 2.49% APR for up to 6-year. Sample repayment schedule: the monthly payment for a 6-year used car loan with the current basic APR of 2.24% would be $14.86 for every $1,000 borrowed. Full coverage insurance is required for all vehicle loans. Every OAS FCU vehicle loan will use your car’s title as security.
2 Up to 125% financing means that your loan would also cover additional costs such as processing fees, tags and taxes. Automobiles up to 3 years old are eligible for this type of financing. Based on the results of your credit evaluation, repayment ability and the age of the car, you might not qualify for 125% financing, and a down payment might be required of you; you might also not qualify for a loan with OAS FCU or qualify for one with different terms. OAS FCU determines used car loan values using the NADA guide.
3 Skip-a-Pay is available for qualifying members only, and only after the first year of the loan has elapsed.
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