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Save on Auto Buying and Save the Date

In Southern California, a reliable car is practically a must-have, and buying a new or new-used car every so often is virtually unavoidable. As of this writing, the average Manufacturer Suggested Retail Price (MSRP) for a new car is $51,440.* You can save by buying a used car instead but there are potential tradeoffs when it comes to reliability and repair costs, and even used cars can get expensive, with prices currently averaging $26,342. We might not be able to help you avoid buying a car every few years, but there are some ways we can help make it more affordable.

Let’s start with interest rates. We recently lowered our auto loan rates and can match or beat most offers in the market. We also have a wide variety of term and payment options, up to as much as 120 months, to help you find a monthly payment solution that fits your budget. So, before you shop, let us pre-approve you so that you know exactly what you can afford and don’t pay more for financing than necessary.

While you shop, you may encounter certain manufacturers offering a choice between a rebate and 0% financing. Please let us run the numbers for you to help you decide which option to choose! It may make more sense to take the rebate option, especially if you have good credit and qualify for a low rate, if you plan to pay off the vehicle quickly, or if you can apply a rebate to your down payment and lower the total amount you owe on the car. For example:

You may be able to save even more with discounts on insurance for first responders and by bundling policies for multiple vehicles and your home. If you’re buying a new car, consider adding Guaranteed Asset Protection (GAP) coverage so that you’re not upside down on what you owe compared to what insurance covers if your new vehicle is totaled or stolen. And if you’re buying an older car, consider adding Major Mechanical Protection (MMP). This coverage can protect you from big repair costs and comes with other benefits as well. LAPFCU offers these coverages at very economical prices. And, we can include the cost of these coverages in your loan so that you don’t have to pay out of pocket for them.

Lastly, to make things easier on your wallet and budget, for a limited time, we’re also offering $250** and no payments for 90 days^ when you refinance your vehicle with us. To qualify, your loan balance needs to be $10,000 or greater and currently held with another lender.

MARK YOUR CALENDAR!

Join us in celebrating our 90th anniversary on October 10 at the Los Angeles Police Academy. You won’t want to miss this party! Limited spots will be available, so be on the lookout for additional details to RSVP.