VEHICLE LOANS

We make loans for the purchase of new or used cars, trucks, sport utility vehicles, vans, motorcycles and recreational vehicles (motor homes). Although we may offer special promotions from time to time, our goal is to offer the lowest vehicle loan rates in our area every day. Unlike some financial institutions that reduce their rates only in the spring or fall, you can be assured we'll have the lowest rates we can possibly offer no matter when you're in the market for a vehicle.

New Automobiles	Used Automobiles
New Motorcycles	Used Motorcycles
New Recreational Vehicles	Used Recreational Vehicles
Refinancing an Auto Loan from Another Lender

NEW AUTOMOBILES
We'll finance up to 100% of the total sale price of a new automobile including tax, title, tags, dealer prep, freight, options, extended warranty and GAP coverage. The maximum repayment period is 7 years depending on the total amount borrowed. A current or previous year model will be considered “new” if it has never been titled and the odometer reading is no more than 6,000 miles.

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NEW MOTORCYCLES
We'll finance up to 90% of the total sale price of a new motorcycle including tax, title, tags, dealer prep, freight, options, extended warranty and GAP coverage. The maximum repayment period is 6 years. A current or previous year model will be considered “new” if it has never been titled and the odometer reading is no more than 3,000 miles.

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USED MOTORCYCLES
We'll finance up to 90% of the total sale price of a used motorcycle (including tax, title, tags, extended warranty and GAP coverage) or the appraised value, whichever is less. We may require an appraisal of the used motorcycle at the member’s expense. The maximum repayment period is 4 years.

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NEW RECREATIONAL VEHICLES (MOTOR HOMES)
We'll finance up to 90% of the total sale price of a new recreational vehicle including tax, title, tags, dealer prep, freight, options and extended warranty. The maximum repayment period is 12 years depending on the amount financed. A current or previous year model will be considered “new” if it has never been titled and the odometer reading is no more than 6,000 miles.

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USED RECREATIONAL VEHICLES (MOTOR HOMES)
We'll finance up to 90% of the total sale price of a used recreational vehicle (including tax, title, tags and extended warranty) or the appraised value, whichever is less. We may require an appraisal of the used recreational vehicle at the member’s expense. The maximum repayment period is 5 years.

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REFINANCING AN AUTO LOAN FROM ANOTHER LENDER
When paying off a loan from another lender, we'll finance up to 110% of the NADA retail value or the amount required to pay off the loan, whichever is less, at our normal Used Auto loan rates and subject to our normal loan qualification guidelines.

— OR —

We'll finance the total amount required to pay off another lender regardless of NADA value and we'll reduce the interest rate you are currently paying by up to 2% provided you:

• are currently employed
• have made all of your auto loan payments on time
• have had the loan for at least six months
• are in good standing with our credit union
• submit the following:

1. a complete loan application signed by all signers on your present auto loan
2. a current pay stub from each signer on the loan application
3. your original title
4. a copy of your current loan contract
5. the name, address and telephone number of your current lender
6. a copy of your current auto insurance policy

If the above conditions are met, we'll waive most of our normal loan qualification guidelines meaning you can refinance your present loan even if the loan amount is higher than the retail book value of your car or you have a high debt-to-income ratio or several “bumps in the road” on your credit history. The term of this loan will be equal to the months remaining on your current loan. We'll reduce the interest rate you're currently paying by 1.5%. If you elect to pay by automatic payments (direct deposit, payroll deduction, or monthly transfer from your PPFCU savings or checking account), we'll reduce your current rate by an additional .5%. The lowest rate we can offer on this promotion is 3.9% annual percentage rate.

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