Credit Union of Denver (CO) offering $200 Cash Back on Auto or Motorcycle Refinance Loan

Credit Union of Denver logoSecuring the most affordable financing for a new or used vehicle purchase often requires shopping around. Financial institutions and dealerships offer vehicle financing with various rates and terms, depending on credit history, the age of the vehicle, and the total loan amount. If the original auto loan isn’t quite up to par in terms of affordability, refinancing can be a smart move.

Currently, the Credit Union of Denver is offering qualified borrowers a vehicle refinance promotion. Through February 28, 2017, individuals can save up to 2% on the auto loan interest rate, receive $200 cash back, and have a two-month deferment on monthly payments. The promotion is only available for vehicle loans not currently held by the Credit Union of Denver and vehicles including motorcycles are eligible.

Borrowers must qualify for the new loan based on credit history and score, and no more than 100% of the vehicle’s value can be financed through the credit union. To receive the $200 cash back, borrowers must take out a new loan for a minimum of $7,500. Auto loans are available with repayment terms up to 72 months, and the interest rate applied is based on a floor rate established by the credit union. Payments are delayed 60 days after loan closing, although interest may still accrue during that time.

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Prior to qualifying for a new vehicle loan through the Credit Union of Denver, individuals must first be eligible for membership. The credit union offers membership to anyone who:

  • Lives or works in Adams, Arapahoe, Boulder, Denver, Douglas, or Jefferson counties, Colorado
  • Works for the federal government, RTD, Yellow Cab, or other approved associations or businesses
  • Works or attends schools at Colorado Christian University, Metro State University, Community College of Denver, Art Institute of Colorado, Arvada West High School, Gilpin County School, Green Mt. Senior High School, or Red Rocks Community College
  • Is a family member of a current member

The Credit Union of Denver has an 80-year history of serving the banking needs of residents in Colorado. The credit union operates three full-service branch locations as well as a large network of fee-free ATMs and provides access to deposit accounts, consumer and mortgage loans, and business solutions.

Individuals interested in the vehicle refinance promotion offered by the Credit Union of Denver may gather additional information or apply at any branch location, by calling a member service representative at 1-800-279-3288, or by visiting the credit union online.

Posted on January 18, 2017 by in Auto Refinancing, Automobiles, Motorcycle Loans,

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