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A Low-payment Alternative to Leasing!

Looking for a new set of wheels but wish you could have a lower monthly payment? A Payment Saver Auto Loan from American Lake Credit Union can help!

Payment Saver Auto Loans are like a lease in that your payment is typically lower and you have the option to turn the vehicle in at the end of your loan. But unlike a lease, you own the vehicle and have more flexibility throughout your loan term.

Some benefits of the Payment Saver Auto Loan include:

  • New and used vehicles up to five years old can qualify.
  • Flexible loan terms up to 48 months.
  • Annual mileage options of 12,000, 15,000 & 18,000 available.
  • No security deposit or acquisition fees.
  • No early payoff penalty.
  • Option to sell, trade, finance or return vehicle at loan maturity.
  • Enables you to easily upgrade and/or change your vehicle as your needs and want change.
  • Refinance your current vehicle loan to reduce your monthly payment with a Payment Saver Auto Loan.

If you are concerned with exceeding the mileage allowances or having excess wear and tear at the end of the loan term, American Lake Credit Union offers coverage options you can purchase to protect against unexpected costs at maturity.