It’s almost a given that most of us will need to acquire a new automobile at some point in our lives. It doesn’t matter if “new” means new to us or fresh-off-the-assembly-line new; you’ll still need to pay up a considerable amount of money if you’re in need of a new set of wheels. According to TheCarConnection.com, one of the top-researched cars for 2018 is the Toyota Camry — which has an MSRP of $23,495. The 2018 Toyota RAV4 could retail for $24,410 and you can expect to add $10,000 to that total if you really want the 2018 Hyundai Azera. As for those researching the used options currently on the market, things get a bit more complicated.
According to a 2017 study by financial news website MarketWatch, there will be a surplus of used vehicles in the coming years as leased cars are eventually phased out and sent to dealerships. What’s more, the price of a used car is expected to plummet as technology advanced – but we aren’t at that point quite yet. What we’re trying to say is this: Unless you’ve got $4,000 to $34,000 burning a hole in your pocket, you’re going to need some help with securing new transportation and that’s where a credit union car loan comes into play.
For those of us on the East Coast and looking for a dependable vehicle to weather the winter, a Philadelphia credit union can become your best ally. That’s because a financial institution such as this is uniquely positioned to offer members competitive loan rates, convenient locations, resource centers that serve as a clearing house for financial information and so much more. By joining a Philadelphia credit union, you’ll have access to a lengthy list of perks: increased earnings on your savings account, fewer fees, extra safety precautions and a responsibility to answer to our members. With these perks at the heart of what the best Philadelphia credit union can offer you, it’s no surprise that so many approach us with questions about a credit union car loan.
We realize that $24,000 is a lot of money and as many test drive reviews of the newest cars and trucks will tell you, the MSRP is without all of the bells and whistles. To help you get on the road, drivers should seek out a credit union car loan for new vehicles that gives them the ability to finance the entire cost of the vehicle. Additional perks of repayment terms of up to 84 months and same-day approval of the loan are other reasons why credit unions are the preferred place to secure a loan. Similar options are offered to those taking the used car route, while many credit unions already have refinancing and other repayment plans are already in place to help you get the vehicle that’s the right fit for you.