How a 120% vehicle loan preserves cash

At Credit Union of Southern California (CU SoCal), we’re here to help you preserve cash. We know you work hard for your money and, when it comes to buying a new car, you can rely on us for some of the best auto loans in Southern California.

Up to 120% Loan-to-Value (LTV) financing for new and used vehicles

What is 120% LTV financing? It’s financing up to 120% of the vehicle’s retail value. This allows you to finance the entire purchase price (100%), plus any dealer fees and purchase add-ons, including sales tax, tags, registration, warrantees, GAP (Guaranteed Auto Protection) insurance, and Mechanical Repair Coverage (MRC). You can even roll in your insurance premium!

The advantage of including these added costs in your low-interest CU SoCal auto loan is that you preserve cash. This means you can put your money to work for you elsewhere, such as paying down high-interest credit card debt or other financial necessities.

Purchase power

Another benefit of 120% financing is purchase power, especially when you want to buy a new car, but you still have a loan on your current car. Because cars depreciate in value over time, it’s quite possible that you owe more on your original loan than your car is worth. If this is the case, you can roll the negative equity into the new loan.

Ready to buy a car? Get low rates, flexible terms, and preserve cash now with a CU SoCal Auto Loan with 120% financing!