PDF New & Used Vehicle Loans

New & Used Vehicle Loans

Cars, Trucks, Boats & RVs

If you're in the market to purchase an automobile, boat, or recreational vehicle, TFCU can provide the financing you need. Our rates are competitive, the loan application process is quick and convenient, and the service you'll receive is friendly and efficient.

New and Used Auto Loans

New Automobile Loans

? Terms up to 60 months ? A 72-month term is available on automobile

loan amounts of $10,000 or more ? An 84-month term of $20,000 or more ? A 96-month term of $30,000 or more ? The maximum financing available will be determined by

the credit score of the applicant ? Extended warranty purchase available ? Low payment "balloon" financing available up to 60 months

Used Automobile Loans

?Terms up to 72 months on vehicles (up to a 7-year-old model) whether purchased privately or through a dealer

? A 84-month term is available on automobile loan amounts of $10,000 or more (up to a 4-year-old model)

? The maximum financing available will be determined by the credit score of the applicant

? Extended warranty purchase available ? Low payment "Balloon" financing available

(subject to vehicle age restrictions)



Lease-like Automobile Financing

"Balloon" financing is like a lease, except that you actually own the vehicle. You can finance anywhere from 24 to 60 months and have a balloon note to pay at the end of the term.

At the end of the balloon contract, you can either pay the balance, finance the balance at current used car rates, or sell the car to pay off the balance. The balloon payment amount must be equal to 90% of residual value per Auto Lease Guide (ALG), and loan request must exceed ALG residual value amount. GAP Insurance is required on all "balloon" loans.

Recreational Vehicle and Boat Loans

Recreational Vehicle Loans

TFCU offers a variety of RV loans. From driveable RVs to the pull along type, we offer competitive rates and flexible terms.

New and Used Boat Loans

? Repayment terms up to 240 months ? 90% financing is available ? 85-96 Months, minimum loan $30,000 ? 97-144 Months, minimum loan $35,000 ? 145-180 Months, minimum loan $40,000 (a) ? 181-240 Months, minimum loan $50,000 (a)

(a) To be eligible for financing for 145 up to 240 months, the following requirements must be met: ? The vessel must be equipped with sleeping, cooking, and bathroom facilities. ? A first ship's preferred mortgage must be recorded with the Coast Guard. ? The vessel must meet the requirements for a home mortgage interest

deduction by qualifying as a "second home" in accordance with the Internal Revenue Code.

Application and Repayment Options

Applying For Your Loan - Apply at ,

in person, by telephone, or through the mail.

Credit Union Financing Now Available at Long Island Dealerships

Credit Union Lending Plus (CUL Plus), offered by GrooveCar, provides credit union members with access to hassle-free TFCUfinancing for new and used vehicle purchases and leases through a growing network of participating Long Island auto dealerships, without having to visit a TFCU branch office.

Call 1-866-GROOVE4, visit the GrooveCar website at TFCU. or contact TFCU.

Visit for Current Rates & Application!

631-698-7000 ? 1-800-341-4333*



*Outside of the Long Island, Westchester and New York Metro areas.

EQUALOPPORTUNITYLENDER

Your savings are federally insured to at least $250,000 by the National Credit Union Administration, a U.S. government agency.

All rates and terms are subject to change without notice. 5/19 B3

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