GUARANTEED FUTURE VALUE (GFV) $18,500 -PAY FOR WHAT YOU USE $15,500
Pay for what you use with a Guaranteed Future Value (GFV) – 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.”
A “fully insured, walk-away balloon” payment program. On a 60-month “walk-away” balloon, you make 59 payments and when the balloon payment is due you can pay off the balloon through a trade-in, private sale, refinance or simply walk away. You can also pay off the loan anytime during the term of the loan with no prepayment penalty.
Loan rates and terms are determined by each individual’s credit history, underwriting factors, and loan-to-value and are subject to change without notice. Applications are subject to credit approval.*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 and “walk away.” Or you can keep the vehicle and refinance the loan balance (including residual value) as a used vehicle loan.
Ready to buy a car or motorcycle? Finance it with Northern: We’ll satisfy your need for speed—and savings.
To get started simply:
|Rates as low as||Term||Sample Payment|
|4.90% Fixed APR||48-months||$574.56|
|5.49% Fixed APR||66-months||$439.69|
|5.74% Fixed APR||75-months||$397.47|
|6.24% Fixed APR||84-months||$368.09|
Vehicles older than 2013 will receive personal loan rates. The annual percentage rate is the advertised rate and can vary based on creditworthiness, age of vehicle, and terms of the loan. Contact Northern Credit Union for specific details. Rates are accurate as of 12/21/2022. Sample payments based on $25,000 loans respectively at the maximum term allotted for that balance. Rates subject to change.