Energize Auto Loan Program
You Own The Vehicle
With Energize Auto the vehicle is titled in your name. This offers you greater flexibility both during the loan and at loan maturity.
No Down Payment Required
Most leases require a down payment, often referred to as a “Cap Cost Reduction” – our Energize Auto Program does not.
Lower Monthly Payments
Make lower monthly payments compared to conventional type auto loans.
You’re In Control
With Energize Auto, you can trade-in, pay-off, refinance, or sell the vehicle privately at any time.
Energize Auto Loan Program Offers Monthly Payments Up To 40% Lower Than Conventional Financing
Lease vs Conventional vs Energize Auto Loan
Lease
- Upfront Costs
- Early Termination Fees
- Increased Insurance Premiums
- Mileage restrictions and excess wear and tear restrictions apply
- Shorter terms and lower payments but fixed commitment
- Renter not owner
- Limited to new models
Conventional Loan
- Risk of unexpected depreciation
- Often longer term to afford payment
- Rights of ownership but early trade out might be limited due to extended loan terms impacting the risk of negative equity
- Most models qualify
Energize Auto Loan
- No upfront costs
- No early termination fees
- Mileage restrictions and excess wear and tear apply but lower than the industry average
- Easy “walk-away” option at end of term with a Guaranteed Future Value
- Shorter terms, lower payments (payments based on difference between Guaranteed Future Value and total amount financed)
- New and used vehicles
(up to five years old) - Rights of ownership:
- Flexibility during and at loan maturity
- Titled in your name
- Trade in anytime
- Sell anytime
Leaving the Community Resource FCU Website
You will be linking to another website not owned or operated by Community Resource FCU. Community Resource FCU is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Community Resource FCU of any information in any hyperlinked site. We encourage you to review their privacy and security policies which may differ from Community Resource FCU. If you “Proceed”, the link will open in a new window.
Vehicle ownership gives you options
- Ability to turn your vehicle in and walk away at the end of the loan term
- Refinance your current vehicle loan to reduce your monthly payments with the Energize Auto Loan Program
- Enables you to easily upgrade and/or change your vehicle every couple of years
- Sell vehicle privately
- Refinance and keep the vehicle
- Pay off and keep the vehicle
When your financing reaches maturity you can surrender vehicle to Community Resource FCU and “walk-away” instead of paying final payment
Leaving the Community Resource FCU Website
You will be linking to another website not owned or operated by Community Resource FCU. Community Resource FCU is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Community Resource FCU of any information in any hyperlinked site. We encourage you to review their privacy and security policies which may differ from Community Resource FCU. If you “Proceed”, the link will open in a new window.
| Financing Option | Conventional Loan | Energize Auto Loans |
|---|---|---|
| Loan Amounts | $40,000 | $40,000 |
| Monthly Payments | $723.02 | $470.71* |
EXAMPLE: A vehicle with a loan amount of $40,000, a loan term of 60 months, and a Guaranteed Future Value of $18,500
*Payments 1-59 are $470.71 with a 60th payment of $18,500 (GFV)
Leaving the Community Resource FCU Website
You will be linking to another website not owned or operated by Community Resource FCU. Community Resource FCU is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Community Resource FCU of any information in any hyperlinked site. We encourage you to review their privacy and security policies which may differ from Community Resource FCU. If you “Proceed”, the link will open in a new window.
Leaving the Community Resource FCU Website
You will be linking to another website not owned or operated by Community Resource FCU. Community Resource FCU is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Community Resource FCU of any information in any hyperlinked site. We encourage you to review their privacy and security policies which may differ from Community Resource FCU. If you “Proceed”, the link will open in a new window.
Leaving the Community Resource FCU Website
You will be linking to another website not owned or operated by Community Resource FCU. Community Resource FCU is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Community Resource FCU of any information in any hyperlinked site. We encourage you to review their privacy and security policies which may differ from Community Resource FCU. If you “Proceed”, the link will open in a new window.