Sunmark Unveils "Pick Your Payment" Auto Loan OptionsIn a member-focused effort to provide more personalized auto loan options, Sunmark Credit Union recently rolled out its "Pick Your Payment" promotion.
Empowering members to choose the loan option that best suits their needs, the promotion offers a traditional financing option and another "lease-like" choice. Should a member looking for auto financing want to continue with traditional terms, they can do so with loans starting at $1,000 and increasing to a max of 115% loan-to-value (LTV) ratio. Depending on the age of the vehicle, these terms can be up to 84 months.
The alternative option now offered to members looking for mor flexibility is one that has similarities to an auto lease. With no term lock, Sunmark gives members who choose this option the ability to turn their vehicle in with no penalty at the end of the term. This allows more flexibility in what a member is able to do with the vehicle. Once the term is over, the vehicle can be:
- Sold by the member to pay the remaining balance off.
- Traded in to a dealer to pay the remaining balance off and get a different vehicle.
- Kept by paying off or refinancing the remaining balance owed.
- Returned to Sunmark.
No matter which option a member chooses, they can shop for the vehicle they want from a deal they find!
To learn more about the Pick Your Payment program, and to apply, visit sunmark.org/pick-your-payment
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