It seems like gas prices are always on the rise, which can be frustrating for car owners. You constantly have to search to find the gas station with the best prices. And when you buy gas by the gallons, every cent counts. But if you are looking for a way to save on a new or used car AND potentially win free gas, you will definitely want to check out the Mid-Hudson Valley Federal Credit Union’s “Trade Up and Fill Up” promotion. Ten lucky winners will get gas for a year!
Gas for a Year - How to Enter
To enter, all you have to do is get an auto loan for a new or used car from MHV or refinance your auto loan from another financial institution with MHV. If you do, you will be automatically entered! There will be ten winners, but hurry! This promotion ends on December 20th. Just in time for the new year!
About Auto Loans
Auto loans can be used to help purchase a new or used car. MHV offers competitive rates for both new and used vehicles, and even provides a chart of their rates, with examples to make them easier to understand. For a loan on a new car, the APR can be as low as 2.24%, with the monthly payment as low as $28.73 per month for 36 months per $1,000 borrowed.
MHV also makes applying for an auto loan easy – you can apply online or at your local MHV branch. MHV also offers payment protection options for some extra security and peace of mind. These options include Member’s Choice Borrower’s Security, which can provide financial relief from unexpected circumstances, such as disability or unexpected unemployment, and Guaranteed Auto Protection, which can reduce the cost if your car is stolen or damaged. And to help make sure you are prepared for an auto loan, get pre-approved with MHV. Doing so will give you a head start on the auto loan process. And while pre-approval does not mean that you are guaranteed to get the loan, it does give you a good idea of the kind of loan you can qualify for.
Want to get an idea of how much your monthly payments will be? After looking at the rates on MHV’s website, you can use their loan calculator to gain some more information.
Looking For a Car
Do you want to get a new or used car, but don’t know where to start? MHV can even help with that! Their AutoSmart Buying Tool allows visitors to the website to search for cars in their dealer network, or “build” the car they are looking for to see if it is available. If you are not sure about what type of car you would like, you can use MHV’s Vehicle Research option to learn more about common makes and models. You can even “save” a vehicle for future reference if you want to think about it. To help customers even further, MHV provides a “PreferredPlus” seal on dealers that they have found to be transparent and stress free.
Ready to Refinance
Maybe you already have a car, but would like to refinance your auto loan. That’s an option too! By refinancing your auto loan, you could lower your interest rate and monthly payments or decrease your term. That means you can save more money in the long run. If you are interested in refinancing, call or speak to a representative at your local MHV branch.
But Wait! There’s More…
Having the chance to win gas for a year is pretty awesome, but you can also qualify for a .25% discount on your loan rate. All you have to do is authorize automatic payments on your loan from a MHV checking or savings account. This discount is also available for those looking for personal loans and home equity loans. Having automatic payments will not only give you a discount, but will also make paying off your loan less of a hassle.
One Stop Shop
Many people like being able to take care of all their needs in as few places as possible. If you feel the same way, you can also use MHV to shop for car insurance. You can get a personalized quote online, and may even be able to qualify for discounts. Since you will need car insurance in most cases, shopping around for the best policy is a smart option.
In addition, MHV also offers checking and savings accounts and other types of loans, such as mortgage loans or student loans.
How to Be a Member
To be a member of MHV FCU, you must work, live, attend school, volunteer or worship in Dutchess County, Ulster County, or Orange County, NY. Unlike banks, credit unions are not-for-profit financial institutions that are owned by their members. Credit unions often offer the same services as banks, but being member-owned can mean that they take a greater interest in serving their members and their community. If you are interested in becoming a member of MHV, a membership application can be found here. If you live near a credit union, be sure to check out its website to see what special promotions they’re offering or if their services are right for you.
Final Thoughts
There’s no avoiding it – cars can be expensive. Auto loans can be a helpful way of getting a car when you need it by letting you pay back the funds later. If you are considering buying a new or used car or refinancing your current auto loan, be sure to speak with a financial advisor to see which decision is best for you. If you decide to go ahead and get an auto loan, why not try and save on gas? Just imagine how much you will save if you are one of the ten lucky winners who gets free gas for a whole year!
