Conference 7.286::dcu

422.0. "DCU POSTING: VEHICLE AND MORTGAGE INFORMATION" by STAR::CANTOR (Have pun, will babble.) Mon Jan 20 1992 11:24

                   DIGITAL EMPLOYEES' FEDERAL CREDIT UNION
                       VEHICLE AND MORTGAGE INFORMATION
        
        
        The following articles appeared in the January issue of 
        NETWORK:
        
        CAR DEALERS' "DEALS" AREN'T WHAT THEY APPEAR TO BE!
        Don't be fooled by low rate financing.  You'll pay thousands 
        more because the price isn't negotiable.  Furthermore, the 
        financing terms involve large downpayments and short repayment 
        periods.  The fact is, "What good is a low rate if you pay 
        more for the car, or if you can't afford the downpayment or 
        make the monthly payments?"
        
        NEGOTIATE THE PRICE, TAKE THE REBATE AND FINANCE WITH DCU
        The best way to by a car is to negotiate the selling price.  
        There has been enough consumer information published which 
        suggests dealers are "willing to deal", particularly in these 
        times.  If there are rebates involved, look at them as an 
        additional or bonus savings.  Finance through DCU.  Rates for 
        new vehicle loans start as low as 9.90% and used vehicle loans 
        start at 11.75%.  With these low rates, now is the time to 
        lock-in a fixed, low financing rate.  And, DCU's new 72-month 
        repayment option on new vehicles allows the lowest monthly 
        payments available.
        
        SHOP WITH "CASH IN YOUR POCKET" AND AVOID THE PRESSURE
        There's a sure way to negotiate with the upper hand.  Arrange 
        to have your car loan amount preapproved at DCU.  Since the 
        approval is good for 90 days, you can take your time to find 
        the right car and negotiate the best deal - without the 
        pressure,  It's like shopping with "cash in you pocket!"
        
        48 HOUR APPROVALS
        We've streamlined our application process so you can get 
        preapproved even faster.  That way you can start looking 
        around now and when the promotions are announced, you'll be 
        ready to deal.
        
        For an application, contact your nearest DCU branch, or call 
        our Member service center at DTN/223-8444 or 508/493-8444.
        
        
        
        MORTGAGE RATES ARE THE LOWEST IN 25 YEARS.  NOW IS THE TIME TO 
        BUY OR REFINANCE
        While there is still debate on when the economy will rebound, 
        one thing is certain: Interest rates have dropped to their 
        lowest level in 25 years.  So, now is the time to consider 
        buying a home or refinancing your existing mortgage and/or 
        home equity loan(s).  The savings in lower monthly payments 
        could be substantial.  Or, you could refinance at the lower 
        rate, hold your mortgage payment(s) the same and get the 
        available equity or cash our for other uses like home 
        improvements, tuition or a new vehicle.
        
        To find out if buying or refinancing makes sense for you, call 
        our First Mortgage Department at 508/493-6735 or DTN/223-6735, 
        extension 316. (DCU First Mortgages available in MA, NH, VT, 
        CO, ME, NY, NJ.)

At least they are being honest here!

Chad