Are you looking for low monthly payments on your next vehicle, but don’t want all the drawbacks of leasing? Our Drive 4 Less loan can put you behind the wheel of a better car, with lower payments! This unique loan offers payments that are considerably lower than conventional financing, with no money down. Yet unlike leasing, you actually own the vehicle.
With a Drive 4 Less Loan, you’ll make smaller monthly payments in exchange for one larger payment at the end of your term. This final payment is based on the residual value of the vehicle which is agreed upon up front.
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.
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.
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.
At any time during your loan term:
At Loan Maturity: