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Rates

MyCash Student Auto Loan Rates effective September 1, 2010
For student members ages 18 to 24

Student New Auto Loans
Autos 2007 and newer
TermAPREstimated Monthly Payment based on 60 month term
36 - 72 months, $20,000 maximum
GPA 2.49 or less8.15%$20.35 per $1,000
GPA 2.50 - 2.995.65%$19.17 per $1,000
GPA 3.00 - 3.494.15%$18.48 per $1,000
GPA 3.50 or higher3.65%$18.26 per $1,000


Student Used Auto Loans
Autos 2004 - 2006
TermAPREstimated Monthly Payment based on 60 month term
36 - 60 months, $20,000 maximum
GPA 2.49 or less9.35%$20.93 per $1,000
GPA 2.50 - 2.996.85%$19.73 per $1,000
GPA 3.00 - 3.495.35%$19.03 per $1,000
GPA 3.50 or higher4.85%$18.80 per $1,000

Required automatic payment discount. Rates are not available for refinancing existing EECU loans. Rates subject to change without notice.   Maximum loan amount $20,000.  Minimum loan amount of $5,000 for 60-month payment schedules and $15,000 for 72-month payment schedules.  Must provide proof of GPA; must be enrolled for a minimum of six units.  Student Auto Loan available to student members ages 18-24.

How Interest Rates Are Determined:  To make loans available to as many members as possible, we offer a variety of rates.  The actual rate of interest applicable to your loan will depend on a number of factors including, but not limited to, credit history and loan payments by automatic payment.  The rate assigned will be disclosed to you before you become obligated.  Your rate may be increased if you stop making automated payments (Master Loan Disclosure, Section D,4.2). 

New Auto Financing: Dealer Purchase - Marked new on the purchase order: 100% of purchase price, not to exceed 120% of MSRP (Manufacturer's Suggested Retail Price) including tax, license, Mechanical Breakdown Insurance (MBI) or dealer warranty, Guaranteed Auto Protection (GAP) waiver, upgrades (accessories), and applicable EECU fees. Dealer Purchase - Marked used on the purchase order: 100% of retail Kelly Blue Book (plus tax, license, MBI or dealer warranty, GAP & EECU applicable fees). Private Party Purchase: 100% of retail Kelly Blue Book (plus tax, license, MBI or dealer warranty, GAP & EECU applicable fees). 

Used Auto Financing: Financing available up to 100% of retail Kelley Blue Book or NADA Guide (plus tax, license, and MBI).