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True Drive Program

With the True Drive Program, you can enjoy low monthly payments which is similar to a lease, plus the best part of conventional financing – actually owning the vehicle.

TRUE NORTH FEDERAL CREDIT UNION TRUE DRIVE PROGRAM AUTO LENDING

Why pay for the whole car?

Pay for what you use with a Guaranteed Future Value (GFV).

  • No money down
  • A payment you can afford
  • Reduces your risk of negative equity

For more details on the True Drive Program

True Drive vs Conventional Financing

  • Lower monthly payments with payment savings as high as 40%.
  • Flexible loan terms from 24 to 72 months on all models up to 5 years old.
  • Payments are based on actual use of vehicle (depreciation) with final balloon payment based on the projected resale value of the vehicle at loan maturity.
  • Reduces negative equity risk factor associated with conventional financing.

True Drive vs Leasing

  • Unlike most leases, you can pay off your loan, sell, or trade your vehicle anytime with no pre-payment penalty, OR simply return the vehicle at loan maturity instead of paying the final balloon payment and walk away with no end-of-loan term hassles*.
  • Unlike leasing, both new and pre-owned vehicles up to 5 years old qualify for the True Drive Program low payment financing.
  • Unlike leasing, you own the vehicle (titled in your name - not the leasing company's)
  • Lower excess mileage charge than most leasing programs of only $0.10 per mile.
  • True Drive Program requires no money down and has no hidden costs typically found in leasing (i.e. high money factor, up front capitalization cost, acquisition fees, security deposit, first and last payment, etc.).
  • Moving? No problem. Unlike leasing, if you choose to turn your vehicle in, we will pick it up anywhere in the U.S. No long drives back to the dealer, we come to you.

Contact us for more details on the True Drive Program

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*Must be a member of the Credit Union to obtain a loan.

*All loans subject to approval. Insurance required on all secured loans. and member may be subject to additional mileage or excessive wear costs. Must be a member of the Credit Union to obtain a loan. $5 share deposit required for membership.

*Rates subject to change. See Rate Sheet for details.