What is the difference between traditional car loan financing and the new flex auto loan?
In this example we are looking at a Toyota Camry. For the same purchase price of $27,238. You add your tax, title and licence of $1,797 We're going to go ahead and add some auto protections onto your loan of $1,500 This will give you a total finance amount of $30,535 That will be the same for a traditional loan, or the new FLEX Auto loan. The difference is the residual. On a traditional loan it would be zero. On a FLEX Auto loan it would be $14,100. Plus you have those four end of term options. So that would make your monthly payment on a traditional loan $880, and a new FLEX Auto loan $520. That's going to save you 40% on this new loan. If you're ready to get the car and the payment you want, you can give us a call, or go to any one of our 16 locations, or apply online at CUTX.org