CAFCU Financing Promo Rate @ 1.74% just started today: promo code: CAFCU83

[Pjlightning]

Here’s a good deal:

CAFCU just started a special discount of 0.50% starting today,
June 6th to June 10th,

bringing their rate down to

1.74%

up to 60 months
(80% Loan to Value).

Promo code is: CAFCU83

It’s their 83 year Anniversary

(1.99% above 80% LTV)

That’s a promo code worth a few thousand bucks!

it looked better than anything I’ve seen since rates started climbing

no strings attached either, as far as I can tell.
No direct deposit required like DCU, etc…


Here is the direct web link….

https://www.cafcu.org/about-us/current-promotions/83rd-anniversary-promotion


(I first put this in a financing thread but it looked like such a good deal that it might deserve it’s own post so folks don’t miss it)

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[Sdctcher]

Here’s a good deal:

CAFCU just started a special discount of 0.50% starting today,
June 6th to June 10th,

bringing their rate down to

1.74%

up to 60 months
(80% Loan to Value).

Promo code is: CAFCU83

It’s their 83 year Anniversary

(1.99% above 80% LTV)

That’s a promo code worth a few thousand bucks!

it looked better than anything I’ve seen since rates started climbing

no strings attached either, as far as I can tell.
No direct deposit required like DCU, etc…


Here is the direct web link….

https://www.cafcu.org/about-us/current-promotions/83rd-anniversary-promotion


(I first put this in a financing thread but it looked like such a good deal that it might deserve it’s own post so folks don’t miss it)

Loan Details (Small Print)

*APR = Annual Percentage Rate. Loan application must be submitted June 6, 2022 through June 10, 2022 to be considered for promotional offer of 0.50% off the rate for which the applicant qualifies on a CAFCU Auto Loan only. Coupon code must be redeemed by July 10, 2022 to be considered for promotional offer of 0.50% off the rate for which the applicant qualifies on a CAFCU Auto Loan only. 1.99% APR is the lowest rate for a new auto loan, which includes a promotional discount of 0.50% APR off the rate for which members qualify with CAFCU. A new auto is defined as having never been titled, regardless of the model year OR current or previous model year AND 7,500 or fewer miles. 2.99% APR is the lowest rate for a used auto loan, models 2012 or newer, which includes a promotional discount of 0.50% APR off the rate for which members qualify with CAFCU. Call for rates on older model vehicles, motorcycles, boats, and recreational vehicles. Lowest rate applies to auto loans with a term of up to 60 months. Examples of payment terms are as follows: A new auto loan with an interest rate of 1.99% = 60 monthly payments of $17.53 per $1,000.00 borrowed. A used auto loan with an interest rate of 2.99% = 60 monthly payments of $17.97 per $1,000.00 borrowed. Rates vary based on credit score and not all borrowers will qualify for the lowest rate. Rates and offers are subject to change and cannot be combined with any other offers. All other loan types are excluded. Offer not valid on existing CAFCU Auto Loans. Loan must be booked within 30 days from preapproval to receive promotional discount. Usual credit criteria apply. Minimum auto loan refinance amount is $3,000. Contact CAFCU for complete details.

1DEFERRED PAYMENT: Deferring payment is optional. First payment may be deferred up to 90 days. Interest accrues daily from the date of funding and is repaid over the term of the loan. Offer valid on auto loan applications submitted on June 6, 2022 through June 10, 2022 only. Offer not valid on existing CAFCU Auto Loans. Loan must be booked within 30 days from pre-approval to exercise deferred payment option. Contact CAFCU for complete details.

Membership with CAFCU is available to anyone who is:

• Employed by a Sponsor Company. Find out if your employer qualifies by calling our Member Center at 1-800-359-1939.
• A family member of a current CAFCU member, whether a spouse, parent, child, grandparent, grandchild, sibling, aunt, uncle, cousin, niece, nephew, in-law, step-child or domestic partner.
• Residing or working within a 25-mile radius of a CAFCU branch.
• A member of The Hope Group.* Easily join at the end of your application!

 

[SeanOC]

Thats a great deal. My build week is in August I wish I could take advantage of it!

 

[VTbuckeye]

Thats a great deal. My build week is in August I wish I could take advantage of it!

My week is Aug 29. Wish we could lock in rates today. I'd even start paying, just so long boas it could be funded at the proper time for the proper amount...almost like a HELOC, but you can't even get those at these rates. At least we should have ours before a 2023 price increase and tax credit phase out. First world problems.

 

[Amps]

Make sure and check out the affinity groups required for CAFCU membership at the bottom of @Sdctcher 's Post #2.

I haven't dived too far into it, but it looks like anyone can join The Hope Group

 

[dingle87]

Thanks for sharing this CU. They are local for me, so it's one I'll keep an eye on moving forward.

 

[vbaker4444]

Just got approved. 2.24% for 72 months is really good! Thanks for sharing this info!

 

[bthomps10]

Any idea how long they will do a rate lock? I know the promo is only 30 days but my build week isn’t until end of July.

 

[SeanOC]

Any idea how long they will do a rate lock? I know the promo is only 30 days but my build week isn’t until end of July.

I just spoke with them. 45 days max

 

[vbaker4444]

Any idea how long they will do a rate lock? I know the promo is only 30 days but my build week isn’t until end of July.

My rep mentioned that it's good for the 30 days as you know, but said they can offer extensions on it say if the truck isn't ready by then. So far they have been easy to work with and I've already sent all my paperwork over. One thing to note, they will only honor that rate if the truck is being sold for MSRP. They don't care about destination charges, but ADM will make your loan ineligible. They specifically ask for the window sticker and of course the bill of sale when you finalize.

 

[bryan995]

Nice - applying now. Looks better than DCU.

Looks like the best terms are 1.74% / 60mo with 20% (80% LTV). Fine ... but still hurts to be using cash in these high inflationary times

 

[bg226]

Just got approved for 1.74% for 60 months or 1.99% for 72 months!

 

[Pjlightning]

Just got approved for 1.74% for 60 months or 1.99% for 72 months!

Great !

glad some folks here could pounce on the promo rate !

Given the sky high price of these trucks,
getting a rate below 2%
adds up to a lot of money over the life of the loan…..
Not quite enough to buy the Home Integration System ,
but solid savings here for those that can make it work.

I never heard of this CU before….
Glad they turned 83 at the right time !

 

[bryan995]

Just got approved for 1.74% for 60 months or 1.99% for 72 months!

How much down do they want for the 1.99/72?

 

[adoublee]

How much down do they want for the 1.99/72?

Loan has to be for 80% or less value of truck, which raises the question of how they determine the value of these trucks... seems like MSRP is under 8o% of the going rate.

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