PINNACLE CREDIT UNION	SEPTEMBER 2002

Probably not. 0% financing usually carries many restrictions that are not always beneficial to the buyer. In most cases the 0% offer restricts terms to 24-36 months, which greatly increases the monthly payment. Because manufacturers are offering no cost financing strict credit criteria is applied. In fact, only about 10% of consumers qualified for the 0% offer. In addition, a 10% or higher down payment may be required along with the forfeiture of the rebates offered. When you forfeit the rebate the dealer keeps the rebate. Finally chances are that the 0% won’t be offered on the model you are interested.

In most cases auto buyers will benefit more by taking the rebate and financing the lower amount. The safest way to make a decision you won’t regret later is to stop by the credit union first and see how much you’ll save with a pre-approved loan. When you begin the purchase with financing already approved you start the negotiations to your advantage.

If you did take the 0% offer and now find that the higher monthly payment is placing a strain on your finances, give us a call. Refinancing and saving members money is what we do best. For more information on refinancing visit us on line at www.pinnaclecu.org or give us a call at 404-888-1648

Tip:Kitchen Spruce Up

Does your kitchen need a spruce up?According to Remodeling Online ’s 1998-1999 cost vs.value report,you can expect a 94%return on the investment you put into a minor kitchen remodeling job and an 87% return on a major kitchen remodel,if you sell your home within a year of making the improvements.

Call Pam Jones at 404-888-1648 for information on a Home Equity loan to spruce up around your home.