Main office:  (315)785-2400  Hours: Mon – Fri 8:00am – 3:00pm.   Branch office: (315)785-2470 Hours: Mon – Fri 8:00am – 4:30pm

Drive 4 Less Auto Loan

Drive4Less is a traditional auto loan with a unique payment structure. The payment structure offers lower, more affordable payments and provides a guaranteed buyer to make the final payment. You can trade, sell, pay off or refinance the vehicle at any time. Or, you can utilize the guaranteed buyer at maturity, avoiding potential negative equity.

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  • Available on new and used vehicles up to 5 years old
  • Flexible loan terms up to 72 months
  • No down payment required
  • No prepayment penalties
  • No higher insurance premiums
  • The vehicle is titled in your name so that you can trade, sell, payoff or refinance at any time
  • Enables you to easily change your vehicle every few years
  • Refinance your current loan to reduce monthly payments
  • If you choose to utilize the walk-away option, your vehicle can be picked up from a mutually agreed-upon location anywhere in the U.S.
  • Annual mileage options of 7,500, 10,000, 12,000, 15,000 & 18,000

Use the calculator below to see for yourself how low your auto loan monthly payment can be! Click here to view the detailed program brochure.

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Payment Comparison Calculator

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How the Program Works

Residual Value and 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.

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:

  • 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 a transaction.
  • Keep the vehicle and refinance the loan balance (including residual value) as a used vehicle loan.

At Loan Maturity:

  • Return the vehicle and not pay the residual value.