Auto Advantage Program
Auto Advantage offers payments up to 40% lower than conventional financing. Lease-like benefits without the hidden fees while maintaining ownership of your vehicle.
- No Down Payment Required
- Vehicle is Titled in Your Name
- Multiple Mileage Options
- No ‘Back End’ Surprises
- Local Return Options
- The Option to Keep Your Vehicle is Easy
- No Security Deposit Required
- No Early Payoff Penalty
2021 and Newer
AS LOW AS
5.74% APR1
for 3 years
2019-2020
AS LOW AS
6.99% APR1
for 3 years
How the Program Works
Eligible Vehicles
Future year, current year, and used vehicles up to five years old.
Financing Terms
24 to 72 months
Residual Value and Guaranteed Future Value (GFV)
The residual is the projected value of the vehicle at loan maturity. Our program guarantees this residual – we call it the “Guaranteed Future Value.” If your vehicle is worth less than what you owe on your loan at maturity, you can turn the vehicle in.
Payments
The difference between what you pay for the vehicle and the residual value is used to determine the principal portion of your payment, which results in a lower monthly payment than conventional financing.
Options
At any time during your loan term:
- Sell the vehicle, pay the loan balance (including residual value) and keep any difference.
- Use the vehicle as a trade-in, and the loan balance (including residual value) is paid as part of a transaction.
- Keep the vehicle and refinance the loan balance (including residual value) as a used vehicle loan.
At Loan Maturity
Return the vehicle and not pay the residual value.
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Annual Percentage Rate (APR). All rates quoted are the lowest available rates. Actual interest rate will be based on overall creditworthiness. Other rates and terms may apply. Monthly loan payment example: a 60-month term for a $25,000 loan at 5.74% for the first 59 months, with no payment protection, would be $243.11. If only the minimum payment of $243.11 is made for those 59 months, a balloon payment (also referred to as Residual Value) of $16,762.00 will be due as your final payment. Please note that your balloon payment is dependent on the residual value of the financed vehicle. The residual value is impacted by items such as estimated mileage usage, vehicle year, make and model. Rates accurate as of today and subject to change without notice.
