Auto Lease Buyout – Promo GET A LOAN | AUTO DRIVE A CAR YOU OWNBUY OUT YOUR LEASE TODAY Keep your car instead of returning it with a lease buyout auto loan from Ohio Catholic! We reward your good credit with rates as low as 5.99% APR* for 36 months, it’ll feel great driving a car you own! Plus, enjoy no payments for up to 90 days. Get started on your quote today! Call or complete the form below. CALL NOWSubmit a form now to contact our Loan Zone! *APR = Annual Percentage Rate. Subject to creditworthiness, Ohio Catholic FCU lending policies, and membership eligibility. The advertised rate is the minimum rate available and may vary based on creditworthiness and term. Promotional period ends June 30, 2024. No other loan discounts valid with this offer. Minimum 760 credit score required for stated promotional rate. Other rates and terms available. This offer is only available on consumer vehicle loans, not commercial vehicles. Minimum loan amount $10,000. Vehicle must be 2018 model year or newer with less than 75,000 miles to receive promotional rate. Automatic monthly payments from an Ohio Catholic FCU deposit account required to receive promotional rate. Collision and comprehensive insurance required on all titled vehicles that are secured. Existing Ohio Catholic FCU auto loans are not eligible for this offer. Ohio Catholic FCU may change or discontinue the program at any time without notice. 6.46% APR based on rate of 5.99% $25,000 amount financed for 36 months including a maximum loan documentation fee total of $175.00 and VSI fee of $55 will have monthly payment of $760.49. Payment example does not reflect optional 90 days to first payment. Interest and credit insurance premiums accrue during the 90-day no pay period. You’ve got questions. We’ve got answers!WHAT DO I NEED TO QUALIFY? Once you submit a completed loan application, we consider several factors including credit score, credit history, personal income and your ability to repay. Do you handle title transfers? We have notaries public here on staff at the credit union to assist with title transfers. What is GAP insurance? GAP (Guaranteed Asset Protection) insurance is a coverage we offer that pays the difference between the actual cash value (ACV) insurance company settlement and the eligible balance of the member’s loan in the event the vehicle is stolen or damaged beyond repair. Can I get pre-approved before I shop for a vehicle? If you meet our membership eligibility requirements and underwriting standards, we can pre-approve you for a loan. Get extra bargaining power and shop dealerships with confidence knowing exactly what you can afford. Can I finance a private-party sale through you? Yes, members can finance a private-party vehicle purchase with us. We will not finance any vehicles with salvage or rebuilt titles. HELPING YOU PROTECT YOUR INVESTMENTGAP Insurance We offer Guaranteed Asset Protection (GAP) insurance that covers the difference between an insurance settlement and your loan payoff in the event your vehicle is stolen or declared a total loss. That difference could be as high as thousands of dollars – which you would owe out-of-pocket to pay your loan back. Mechanical Breakdown Protection Avoid expensive repairs should your vehicle break down with affordable coverage options to ensure your vehicle is protected. Plus get access to more coverage benefits like Roadside Assistance Reimbursement, Rental Vehicle Assistance, Tire Road Hazard, and Trip Interruption. Credit Life and Disability Insurance Don’t leave loan expenses for your loved ones. We offer affordable insurance designed to cover your loan payments in the event of death or disability. Hi Bill, I am considering buying out my lease; is this a good idea? With cars in hot demand, they’re selling at all-time high prices. That’s why many lease customers are looking at trade-in values for their vehicles and choosing to buy out their lease. What is a lease buyout? Buying out a lease involves paying the car’s “buyout price” according to the lease contract, which then makes you the car’s new owner. Buying out a lease makes the most sense when you are nearing the end of your lease term. How can I determine my car's buyout price? Look for the term “residual value” in your lease contract. This tells you what your car is expected to be worth at the end of the lease term. Will I need to pay any fees in addition to the buyout price? Your vehicle’s buyout price may be subject to an auto sales tax and your lender may charge additional fees on top of that. Take note of your lease contract details so you’ll know the true total you’ll be paying before deciding to purchase a leased car. The good news is that you won’t be accountable for typical lease-end fees, which can include the costs of reconditioning the vehicle and any over-mileage penalties. How do I buy out my lease? If you decide to buy out your lease, call the Loan Zone and we will run the numbers for you so you can decide if it’s the right decision for you. Bill Lebus Loan Zone Manager, VP Ohio Catholic Federal Credit Union Call: (216) 478-0067 Talk With Us Call (216) 478-0067 or chat live online during business hours. CALL US Get A Quote It only takes a minute to request a loan quote. We’ll contact you to discuss your options. GET A QUOTE Apply Online Submit your loan application online from your device. APPLY ONLINE Make the Most of Your Money With Ohio Catholic Discover how you can unlock your money’s potential and achieve your financial goals with the help of the Ohio Catholic Federal Credit Union! SEE ALL THE POSTS Newsletter July 2024Read the newsletter below or download it here. Read the latest news from Ohio Catholic! Ohio Catholic FCU […]Keeping Your Money Safe from the Latest Phishing ScamWhat is a pig-butchering scam? In a pig-butchering scam, a fraudster creates a fake online persona, usually accompanied […]Video Chat comes to Online Banking on both Mobile and Desktop!Ohio Catholic is always bringing you new ways to enjoy convenient, secure banking. Now, you can video chat […] SEE ALL THE POSTS Every experience I’ve had dealing with OCFCU has been excellent. Everyone is always very helpful and courteous. Allison S.,OCFCU Member Consistently competitive rates and outstanding customer service. Michael S.,OCFCU Member Banking is easy and pleasant. The tellers are very accommodating and well-educated. Bernadette L.,OCFCU Member Math is Hard (Sometimes) Let us help you crunch the numbers with our financial calculators. LEARN MORE