Lower Monthly Payment: By refinancing your vehicle loan to Sound, it is likely, though not guaranteed, that your monthly payment will be less than you are currently paying.
Offer Qualifications: All loans are subject to Sound Credit Union lending policies and loan-to-value guidelines. Your rate and term will be determined by individual creditworthiness including income, debt-to-income ratio, employment, and credit history. Verification of employment and income may be required. Under certain circumstances, for example but not limited to, if we cannot verify your income, or if any of your accounts are past due or over-limit, we may not be able to finance a loan for you, in which case you will be notified. You must be 18 years old to qualify for a loan. Select loan types are eligible for a 0.25% APR discount when automatic payments are set up from a qualifying Sound checking account.
Important Information About This Offer: If you postpone your payment, finance charges still accrue on your loan balance during the 60 days the payment is postponed. This offer is not valid to refinance existing Sound Credit Union loans. If you participate in the offer: (1) you may receive a Form 1099-MISC at year-end; (2) if loan is closed within 24 months of opening, the 2% cash-back award will be forfeited and added to the loan payoff amount. Rates, terms, and offer are subject to change at any time.
Rate and Terms: Model year 2011 or newer
- Loan amount $10,000 and up, max term 72 months, APR range 3.24% - 14.29%
- Loan amount $15,000 and up, max term 84 months, APR range 3.54% - 14.59%
Other rates and terms are available. Older vehicles may qualify at a different rate and term. Sample payment: 3.24% APR would require 72 monthly payments of approximately $184 for $12,000.