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How the Program Works Eligible Vehicles: Vehicles up to 5 model years old Financing Terms: 24 to 72 months Residual Value: Established based on the term of the loan using industry-approved guidelines similar to leasing Payments: 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 Options: At any time during your loan term: • Sell the vehicle, pay the loan balance (including residual value) and keep any difference • Use the vehicle as a trade-in, and the loan balance (including residual value) is paid as part of the transaction • Keep the vehicle and refinance the loan balance (including residual value) as a used vehicle loan At loan maturity: • Return the vehicle and 'walk away from the residual value _____________________________________________________________________________________________________________________ You Own the Vehicle Unlike leasing where the vehicle is titled in the name of the leasing company, with the CU PROGRAM the vehicle is titled in your name. This offers you greater flexibility both during the loan and at loan maturity. No Down Payment Required Most leases require a down payment, often referred to as a "Cap Cost Reduction"-our FLEX-BUY does not. No Security Deposit Required Most leases require a security deposit our PROGRAM does not. No First & Last Payments Required Many leases require the first and last payments to be made at the time of loan disbursement-our PROGRAM does not. Mileage Options You can select a 7,500, 10,000,12,000, 15,000, or 18,000 miles per year option. The excess mileage cost is only $.10 a mile, unlike leasing which can cost up to $.25 per mile. End of term fees only apply if you exercise the "walk- away" option. No "Back End" Surprises You will not be exposed to any hidden expenses either during the term of the loan or at loan maturity if you elect to return the vehicle. Traditional leasing has an excess wear and tear clause that is not clearly defined. In contrast, the FLEX BUY PROGRAM clearly defines the vehicle return condition requirements. No Early Payoff Penalty Because you own the vehicle you may pay the loan off, sell the vehicle, or use it as a trade-in at any time during the term of the loan-without any penalty. With a traditional lease these options typically come with a stiff "early termination" fee. Local Return Option If you move during the term of a FLEX-BUY PROGRAM loan and elect to return the vehicle, your vehicle can be picked up from a mutually agreed upon location, anywhere is the US. Many leases require you to return the vehicle to the original dealership, and if you have moved you will be responsible for the cost of returning it. The Option To Keep Your Vehicle is Easy With traditional leasing, if you decide to keep your vehicle, you have to buy it out. Which means you'll pay tax, title and license on the vehicle you've been driving. With the FLEX-BUY PROGRAM, you simply refinance your balance into a conventional loan, no additional charges. It's already titled in your name. Realistic Residual Value The FLEX-BUY uses standard industry residual values. The residual value is not inflated to arrive at an arbitrary lower payment. This means if you elect to keep the vehicle upon loan termination you will not have to pay an inflated price to pay off the loan. _____________________________________________________________________________________________________________________ Bob Johnson's FLEX-BUY Offers Payments Up To 40% Lower Than Conventional Financing Residual Value and Guaranteed Future Value (GFV): The residual is the projected value of the vehicle at loan maturity. Our program guarantees this residual - we call it the "Guaranteed Future Value." If your vehicle is worth less than what you owe on your loan at maturity, you can turn the vehicle in and "walk away." Bob Johnson's FLEX-BUY Payment is: $252.31 LESS PER MONTH