Summary
Last month, Michigan First nearly doubled the number of auto loans given compared to January 2008. What's more, unlike many banks which have tightened credit lines, Michigan First continues to have significant money to lend and hasn't changed either its rates or requirements with respect to loans. In the current credit crunch, many consumers have found it challenging to get loans since leasing options have become more limited. Chrysler has cut leasing options altogether.
The Preferred Dealer program should not be confused with the "Invest in America" credit union program, which is valid only when purchasing new vehicles at GM or Chrysler dealers. However, members can get their 1 percent discount and still get the "Invest in America" incentives if they finance with the credit union and close by Feb. 28.Michigan First has also negotiated with select dealerships to create a special program that offers better pricing, discounts and offers for those customers who purchase vehicles from those dealers and finance their loans through the credit union.See the full content of this document
Extract
Michigan First Helps Members Get Into New Cars
In an effort to help with their vehicle purchases, Michigan First Credit Union is offering members an additional 1 percent off auto ...
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