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Auto Loan Special

Auto Loan Special
  • Special 2% rate reduction (minimum rate of 5.99% APR)
  • On new vehicle loans (model year 2017 and newer)
  • The promotional period runs from July 13 – 20, 2024

7 17 Credit Union Financial Wellness Auto Loan Offer – a 2% rate reduction

Great news for members looking to finance a vehicle! For a limited-time, we will offer a special loan rate discount that will be offered to members and prospective members of 7 17 Credit Union to help empower our community during this important time.

On July 18th, 7 17 will celebrate 67 years in operation supporting our members and communities. This anniversary also marks our renewed commitment to financial wellness. We want to give back in a significant and meaningful way to those members buying a new or used car, doing what we can to keep your monthly payments affordable for you and your family. 

Offer: 2.00% rate reduction off all current 7 17 auto loan rates, all credit tiers during promotional dates only. 

Promotional dates: Saturday, July 13 to Saturday, July 20, 2024.

  • Offer valid on model year 2017 and newer.
  • Borrowers should ask for special 7 17 financing at the dealership during the promotional period.
  • Purchases: May get pre-qualified as early as 7/8/24. Application must be received by 7/20/24. Loan must close between 7/13/24 and 7/27/24.
  • Refinances (loans held elsewhere): May get pre-qualified as early as 7/8/24. Application must be received by 7/31/24. Loan must close between 7/13/24 and 8/9/24.
  • Minimum interest rate set at 5.99% APR (Annual Percentage Rate) for well-qualified borrowers. 
  • Contact the credit union for complete details.
  • Not valid for business borrowers, commercial collateral or collateral titled to a business.
  • A borrower purchasing from another 7 17 member with a current 7 17 lien is eligible.
    • There must be a transfer of collateral to the new owner/owners.
  • This does not include refinancing to add a borrower and change ownership of the collateral.

Members can save hundreds, even thousands, of dollars in interest when financing through 7 17 during our limited time 2% rate reduction offer.

  • For example, you can save over $1,400 in interest when buying your next car. Let’s compare the same purchase with different rates:

Loan Amount: $25,000
APR: 8.0% 
Term: 60 months
Interest Paid: $5,418.04

Loan Amount: $25,000
APR: 5.99%
Term: 60 months 
Interest Paid: $3,994.71

Total interest saved with lower rate: $1,423.33

We have more ways to help you save.

  • For example, you can pay off your auto loan sooner and reduce your interest – in this example, we’ve lowered your interest rate and your term and saved you money!
Loan Amount: $25,000 
APR: 8.0%
Term: 70 months
Interest Paid: $6,336.83

Loan Amount: $25,000
APR: 5.99%
Term: 66 months
Interest Paid: $4,355.69

A reduced term to 66 months and a lower rate can save $1,981.14 in interest over the life of the loan.

Need more relief on your monthly payment? We may be able to extend your term. Contact 7 17 to discuss your options. We are here to support you!

Disclosures: Examples above are for illustrative purposes only – savings not guaranteed in all circumstances. You must credit qualify. Minimum rate after discount is 5.99% APR (Annual Percentage Rate) for well qualified buyers. The actual rate is based upon, but not limited to: credit score; term; vehicles 2017 and newer. Other rates and terms available. Offer valid on new money only and cannot be used to pay off or refinance any existing 7 17 Credit Union loan. Offer is for one-time use only. May not be valid with any other special offers. $195 processing fee for purchases. Rates and fees are subject to change without notice.

Special Notice: There is a prepayment penalty if your 7 17 Credit Union auto loan account is paid off within two years after it was opened. You will be required to repay the credit union 2% of the original loan amount financed or $150, whichever is greater. Please call for full details.