Loan Lets Members Take Rebate, Get 0% Financing

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1st Advantage Federal Credit Union has introduced an auto financing plan that allows members to take the dealer rebate and also get a 0% APR-for a portion of the term. 1st Advantage is offering a 0% APR for the first six months of the loan, which then converts to a 5.25% APR for the remainder of the term of the loan. The credit union said a member financing a $17,000 purchase , for instance, would save $400 over a 48-month term by taking the $2,000 rebate from the dealer and using 1st Advantage's financing and not the dealer's.

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