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A Loan That Works Like a Lease

If you’ve looked into leasing a vehicle or are just looking for a more economical way to own one, take a look at the Deere Employees Credit Union (DECU) Payment Saver auto loan.

DECU’s Payment Saver loan gives you the best of both worlds. Like a lease, Payment Saver offers considerably lower payments than conventional financing. Yet, unlike leasing, with DECU’s Payment Saver loan you own the vehicle and have all of the flexibility and benefits that come with vehicle ownership.

There’s no security deposit, no acquisition fee, and no pre-payment penalties. Yet, like a lease, you pay only for the depreciation of your vehicle while you use it. And, at the end of the term, you can choose to refinance and keep your vehicle, sell it, trade it in on a new one, or return the vehicle at loan maturity (subject to inspection and mileage).

All new and up to five-year old cars, vans, and light trucks qualify for a Payment Saver auto loan and can be financed for up to 72 months¹. Other benefits of Payment Saver include:
  • No capitalization fees
  • No application fee
  • No security deposit
  • No up front first or last payment
  • No early payoff penalty
  • 100% financing with no money down
  • Mileage² options of 12,000, 15,000 and 18,000 per year available

Look how much you may save:

$30,000 vehicle loan, financed for 36 months

Conventional Loan Payment Saver
Loan Amount $30,000 $30,000
Monthly Payment $869.13 $465
To estimate your vehicle payments, use our Payment Saver Auto Loan Calculator³.
¹ Minimum loan amount of $15,000 for vehicles financed with 60 to 72 month loan terms.
² Mileage options apply only if you return the vehicle at program end. Other fees and conditions may apply.
³ This calculator is intended to provide approximate information about your loan payments and does not constitute an offer to extend credit. Your actual payment information may vary. Rates shown are for illustrative purposes only and may vary due to individual creditworthiness and or loan term. Payments shown may vary from final loan payment provided by DECU loan representatives.

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