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Driver's Choice Auto Loan
With no down payment and no prepayment penalties, our Driver's Choice Auto Loan is designed to help you get the car you want with financing options that work for you.
What is the Driver's Choice Auto Loan?
Our Driver's Choice Auto Loan is like a lease, except that you actually own the vehicle. At the end of your financing term, you can retain the car by paying the remaining balance or finance the balance at the current used rates. Or you can simply return the car.1
How does the Driver's Choice Loan Program work?
The Driver's Choice Loan Program is available for new and used vehicles (up to five model years old). Financing options are available from 24 to 72 months, offering payments up to 40% lower than conventional financing. Here is an example:
Conventional Loan Driver's Choice Loan Loan Amount $30,000 $30,000 Loan Term 36 Months 36 Months Guaranteed Furure Value (GFV) N/A $16,500 Monthly Payments $869.00 $464.80*
*Payments 1-35 are $464.80 with a 36th payment of $16,500 (GFV). 45 days to first payment. Based on a 3.99% annual percentage rate. Disclaimer: (1) Rates shown are for illustrative purposes only and may vary due to individual credit worthiness and/or loan term. (2) Payments shown may vary from the final payment provided by credit union loan representative.
At any time during your loan term you can:
- 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 the transaction.
- Keep the vehicle and refinance the loan balance (including residual value) as a used vehicle loan.
At loan maturity, you have the option to return the vehicle and walk away from the residual value.
Why should I get a Driver's Choice Loan?
With the Driver's Choice Auto Loan, you enjoy:
- Low monthly payments
- No down payment required
- No upfront fees
- Vehicle ownership (it is titled in your name)
- No higher insurance premium
- Option to sell, trade, refinance or pay off at any time
- No early termination fees
- Return your vehicle at loan maturity and simply “walk away”
- Yearly mileage options: 12,000, 15,000, 18,000
Find out how low your Driver's Choice payment could be
Click here or on the image above to go to the Driver's Choice Lending Calculator where you can build your car from the comfort of your own home. For more information, call 740-389-9960 or visit Pillar Credit Union.
Our loan application process is simple and we pride ourselves on our member service. There are three convenient ways to apply for a loan.
Print a Pillar Credit Union Loan Application (PDF Form)
Print an application for an Auto, Holiday, or Signature loan, complete the information and return it to one of our offices or FAX it to us at 740-389-4606.
Visit one of our branches
Apply in person and our friendly staff will help you.
1Vehicles will be returned to a retailer selected by Pillar Credit Union.
Disclaimer: (1) Rates shown are for illustrative purposes only and may vary due to individual credit worthiness and/or loan term. (2) Payments shown may vary from the final payment provided by credit union loan representative.
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