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Central Coast Federal Credit Union offers competitive rates
and terms on both new and used vehicles, including
motorcycles, RV's and trailers. New vehicles (current
or next model year, never previously titled and
in your possesion less than 90 days) may be financed
for up to 100% of the manufacturer's suggested
retail price, including tax, license and up to
$1500.00 on a dealer extended warranty. New vehicle
terms go up to 84 months for qualified borrowers.
For used vehicles five model years or newer we
will finance up to 100% of the retail blue book
value, plus or minus mileage allowance, plus tax,
license and up to $1500.00 on a dealer extended
warranty. If the vehicle is older than 5 model
years, we will only finance 80% of the retail
blue book value. Terms on used vehicles go up
to 72 months for qualified borrowers (up to 60
months for vehicles 5 model years or older). For
some borrowers, we may require a 20% downpayment
on new or used vehicles. Affordable member payment
protection is available on most purchases. We also
offer fleet
discounts at qualified dealerships throughout
northern California.
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Loan Payment Calculator
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The Credit Union will finance 100% of the dealer
invoice for new motorcycles 750 cc's or higher.
We will finance 80% of dealer invoice for motorcycles
under 750 cc's. Sales tax and license fees will
not be financed. New motorcycles are defined as
one which has been in your possession less than
90 days and was never previously titled. We will
only finance used motorcycles 750 cc's or higher.
The amount financed cannot exceed 80% of dealer
invoice, not including tax and license. If not
purchased from a dealership, we require a valuation
of the motorcycle from a licensed dealership.
Maximum terms on both new and used motorcycles
are up to 72 months on 750cc's or higher and up
to 72 months on lower than 750cc's. We will only
finance motorcycles if titled in California. We
also offer valuable yet affordable member payment protection on motorcycle loans.
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The Credit Union will finance 80% of the dealer
invoice on all new motor homes (including conversion
vans) and trailers. The maximum amount we will
finance is $50,000.00. A new motor home or trailer
is defined as one which has been in your possession
less than 90 days and was never previously titled.
The terms on RV's and trailers are 48 to 84 months,
depending on a review of your loan application
and credit report. We also offer valuable yet
affordable member payment protection on
RV and Trailer Loans.
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