SMARTBuy Vehicle Loans

Where the Best of Leasing and Conventional Vehicle Financing Meet!

SMARTBuy logo. This logo is a lightbulb that one side of the lightbulb is a brain. This is a Auto Loans product that is similar to a Lease.

SMARTBuy is an alternative financing method allowing you to receive the best benefits from leasing and conventional vehicle financing. This means you no longer have to settle when it comes to financing or on the vehicle of your dreams.

  • New and pre-owned vehicles up to five years old qualify

  • Monthly payments you can afford

  • No money down

  • Lower the risk of negative equity

  • You own the vehicle

  • Guaranteed future value (GFV)*

  • No hidden or “surprise” expenses if you elect to return the vehicle.

  • Determine your own private auto insurance coverage instead of mandatory minimum private collision and/or liability insurance coverage often required by leasing companies.

What makes this possible?

Vehicles 5 years old or newer qualify for SMARTBuy financing. Your payment is calculated using an established residual value, the current rate, and the term of the loan using industry-approved guidelines similar to leasing. Terms range from 24-72 months. 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.

Simply put you pay for what you use!

At the end of every conventional loan there is still a substantial amount of life on the vehicle. That is where we get the Guaranteed Future Value (GFV) because this life equals value. SMARTBuy guarantees this value to you if you elect to trade in your vehicle at the end of your terms.

Vehicle split in half to show how Guaranteed Future Value allows you to only pay for what you use.

What can you do during the term?

  • You can sell the vehicle at any time, pay the loan off and keep any profits.

  • You can opt to keep the vehicle at the end of the trade in and refinance the loans balance into a conventional used car loan

  • You can trade the car in to buy a new vehicle and pay off the balance of the loan during this process.

*Guaranteed Future Value (GFV) - The residual is the projected value of the vehicle at loan maturity. Our program guarantees this residual - we call it the "Guaranteed Future Value." If your vehicle is worth less than what you owe on your loan at maturity, you can turn the vehicle in and "walk away."

**APR = Annual Percentage Rate. APR quoted "as low as" and are subject to change. Must qualify for the lowest rate. Payments on an Auto Loan of $25,000 financed at 5.99% APR for 60 months would be $483.20 per month or $19.33 per $1,000 borrowed. The term of repayment affects the monthly payment obligation. Contact credit union for complete details. This information is not an offer to extend consumer credit as defined by Section 1026 of Regulation Z.