Low Payments

The Pay-Lite Loan

A Pay-Lite Loan at SageLink Credit Union - may be the perfect way for you to lower your monthly auto loan payment by $30 - $100 or more. We provide financing for new and newer used vehicles. How does it differ from a regular auto loan?

The monthly payments are lower, sometimes up to $100 or more! Unlike a lease there are no security deposits, acquisition fees, or first payment due up front. It's a true "zero dollars down" deal. At the end of your loan term (24, 36, 48 or 60 months), you have several options to chose from.

Sell the vehicle for more than your payoff (loan balance) and keep the profits (if any).
Trade the vehicle in and have the dealer payoff the remaining loan balance.
Keep the vehicle and payoff or refinance the remaining loan balance.

Since you are actually purchasing the vehicle, you go to the dealer and negotiate your best purchase price (come see us first and we will help you). Let us know the year, make, model and options on the vehicle. Choose annual mileage options of 12,000, 15,000 or 18,000 miles per year. Pick the mileage option that fits your personal driving habits, but keep this in mind - the lower your annual mileage option - the lower your monthly auto loan payment.

We will determine the re-sale value at the end of the loan term. This amount is deducted from the loan amount when the payments are calculated; reducing the payment. Interest is figured on the full amount, but since your payment is not based on paying the loan down to a zero balance, payments can be as much as 30% lower than a conventional auto loan.



	The Pay-Lite Loan A Pay-Lite Loan at SageLink Credit Union - may be the perfect way for you to lower your monthly auto loan payment by $30 - $100 or more. We provide financing for new and newer used vehicles. How does it differ from a regular auto loan? The monthly payments are lower, sometimes up to $100 or more! Unlike a lease there are no security deposits, acquisition fees, or first payment due up front. It's a true "zero dollars down" deal. At the end of your loan term (24, 36, 48 or 60 months), you have several options to chose from. Sell the vehicle for more than your payoff (loan balance) and keep the profits (if any). Trade the vehicle in and have the dealer payoff the remaining loan balance. Keep the vehicle and payoff or refinance the remaining loan balance. Since you are actually purchasing the vehicle, you go to the dealer and negotiate your best purchase price (come see us first and we will help you). Let us know the year, make, model and options on the vehicle. Choose annual mileage options of 12,000, 15,000 or 18,000 miles per year. Pick the mileage option that fits your personal driving habits, but keep this in mind - the lower your annual mileage option - the lower your monthly auto loan payment. We will determine the re-sale value at the end of the loan term. This amount is deducted from the loan amount when the payments are calculated; reducing the payment. Interest is figured on the full amount, but since your payment is not based on paying the loan down to a zero balance, payments can be as much as 30% lower than a conventional auto loan. Home Page Although convenient, leasing has many pit-falls. Check out this alternative to a lease, and you may be pleasantly surprised! ©Copyright 2011, SageLink Credit Union. All rights reserved.