Hybrid Financing - Best of Conventional & Leasing Financing
- You Own the Vehicle
- No Money Down
- A Payment You Can Afford
- Reduces Your Risk of Negative Equity
- No "Back End" Surprises
- Low Payment Calculator
Examples below are calculated for conventional loan terms and payments. If you choose LINCAP financing, your payments could be much lower!
Vehicles 5 years old or newer qualify for the LINCAP Hybrid financing
Membership minimum balance of $25 required.
| Terms up to | APR | Approximate Monthly Payment Per $1,000.00 |
|---|---|---|
| 36 Month | As low as 5.00%* | $29.85 |
| 48 Month | As low as 5.10%* | $22.95 |
| 60 Month | As low as 5.50%* | $18.97 |
| 72 Month | As low as 6.00%* | $16.44 |
| 84 Month | As low as 7.00%* | $14.96 |
Rates subject to change without notice and with approved credit. Payment Example: On a $20,000.00 new auto loan, 60 month term with 5.50% APR, the monthly payment would be approximately $382.00. *For vehicles with 100,000+ in mileage add 1% | ||
How the program works
Vehicles 5 years old or newer will qualify for LINCAP financing. Your low payment is calculated using an established residual value, the current rate, and the term of the loan using industry-approved guidelines similar to leasing. Terms range from 24-72 months. It is that simple.
The difference between what you pay for the vehicle and the residual value is used to determine the principal portion of your payment, which results in a lower monthly payment than conventional financing.
Any time during your term:
- You can sell the vehicle, pay the loan balance and keep any difference.
- Use the vehicle as a trade-in, and the loan balance is paid as part of the transaction.
- Keep the vehicle and refinance the loan balance as a used vehicle loan.
- For more information, view our LINCAP Brochure
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