Payment Saver

Boost your buying power to drive a newer car with lower maintenance costs, a safer car with 4-wheel drive or a larger car to accommodate your family.

How the Program Works

  • Eligible Vehicles: New and used vehicles up to five model years old. All vehicles excluding motorcycles, commercial vehicles and RVs.
  • Financing Terms: 24 to 60 months
  • Residual Value: Established based on the term of the loan using industry approved guidelines similar to leasing.
  • Payments: The difference between what you pay for the vehicle and the residual value is used to determine the principal portion of your payment, which results in a lower monthly payment than conventional financing.
  • Options: At any time during your loan term you can sell the vehicle (pay the loan balance including residual value and keep any difference), use the vehicle as a trade-in and the loan balance including residual value is paid as part of the transaction, or keep the vehicle and refinance the loan balance including residual value as a used vehicle loan. At loan maturity, return the vehicle and walk away from the residual value.
Mileage restriction and wear and tear apply.

Advantages over Leasing

  • You own the vehicle (titled in your name – not the leasing company’s).
  • You can carry the level of personal vehicle insurance you choose versus the level of coverage stipulated by the leasing company in the lease contract.
  • You can negotiate the vehicle purchase price like a cash purchase with the dealer.


ExampleConventional LoanPayment Saver
Loan Amount$30,000$30,000
Loan Term36 months36 months
Guaranteed Future Valuen/a$16,500
Monthly Payments$869.13$464.80*

* Payments 1-35 are $464.80 with a 36th payment of $16,500 (GFV)


Similar to a lease but better! No money down, a payment you can afford – up to 40% lower than conventional financing, and your risk of negativity equity is eliminated. Get behind the wheel of your dream vehicle tomorrow!