They can be renewed, but must be converted to a regular loan with monthly payments if not paid off promptly. Actual savings depend upon the amount financed, the interest rate, the length of the financing period and the extra payments made over the life of the loan. As the example demonstrates, bi-weekly accelerated payments can bring you significant savings over the life of the loan. Bi-weekly payments are available on any Berrien Teachers Credit Union installment loan, as well as some home financing. Don't forget to ask your loan officer about bi-weekly accelerated payments.
Information is available for the base vehicles, add-on packages and a broad range of options.
If you arm yourself with this valuable information before you go shopping, it will help you when it comes time to negotiate a deal. The St. Joseph office has a complete set of NADA books that will help you determine a fair price on your trade-in, or on a used vehicle you would like to buy. NADA books cover a lengthy history of passenger vehicles, boats, RVs and motorcycles. Branch offices, or the St. Joseph loan department will be happy to help you with NADA auto and truck information. End dealer bargaining hassles with a Pre-Approved loan.