|
Overview
Auto
Home
Personal
Better Choice Program
Tuition Reimbursement
LANCO Federal Credit Union offers new and used auto loans at affordable rates, and under most circumstances, a one day turn around on loan approvals.
- Car must be eight (8) years old OR newer to be financed as a car loan.
- LANCO will finance 100% of the book value of a used car.
- $10.00 Electronic Lien Titling fee - This fee may be rolled into the loan, if requested.
| Age of Vehicle |
Length of Loan |
| New (only) |
6 years |
| Up to 3 yrs. old |
5 years |
| 4 yrs. old |
4 years |
| 5 yrs. old |
3.5 years |
| 6 yrs. old |
3 years |
| 7 yrs. old |
3 years |
| 8 yrs. old |
3 years |

"I need a new car already?! It feels like yesterday that I shelled out a bunch of money for
this car. I meant to save money for a down-payment on my next car so that I could keep
my monthly payment down… but I just never got in the habit of saving. If only I had
saved some money I would be able to better afford the new car I’m going to need. Boy, it
would have been nice to only have to borrow less than $9,500 instead of $12,500. That’s
really going to hurt."
LANCO has the answer to this common dilemma: AutoCash!
With an AutoCash
loan, you automatically save towards the down-payment of your next vehicle.
For example: You want to borrow $12,500.00 and save $3,000 towards your next
vehicle. Your AutoCash loan payment will be $300 per month; $250 for the loan
and $50 going to a special higher rate savings account to save for your next car. This way, when you’re done paying your
loan you’ll have $3,000 saved for your
next vehicle. If you had utilized AutoCash,
your payment would have been $190 per
month after your $3000 down-payment
instead of $250.*
Call 717-569-7180 for more information
about this fantastic new loan product!
*$3000 saved is based on $50 per month for 60
months. Withdrawal restrictions apply.
It's a type of insurance that you can buy for your car loan. If your LANCO-financed car is totaled, and you still owe on the loan, but the regular insurance values your car less than you owe, GAP insurance will pay the difference - PLUS give you up to $1,000 toward a down payment on your new car, if you finance it at LANCO! All at a cost of $300! Ask a LANCO lender for more details.

Pre-approvals for all loans are available and
will be held at the specific rate for 30 days. Loans may be paid by monthly payments or through payroll deductions.


Do you want to know the book value for your car? Find out!
Go to NADAguides.com
|