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High car payments got you down?

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Flex Loans

Looking for a lower monthly payment? Check out our Flex Loan, similar to leasing this product offers lower monthly payments, guaranteed residual value, and no money down. Available on vehicles up to 5 years old, no security deposit, terms between 24 months and 72 months. Structured like a lease, but better! Use the payment calculator to check rates, terms, and mileage options here

  • Flexible mileage options
  • No Trade-In or Prepayment Penalty
  • Shorter Terms
  • Flexible options at maturity; return the vehicle and walk away, buy, sell, or trade-in

Use the payment calculator to check rates, terms, and mileage options here.

FAQ

A Flex Loan is a flexible financing option, no pun intended 😊. This product is similar to a lease, offering members lower monthly payments, guaranteed residual values, the option to purchase the vehicle at the end or simply walk away.

No, we do not require a security deposit or upfront fee like a traditional lease program.

The cost of vehicles continues to increase which results in higher monthly payments. This program provides members lower payments and the option to walk away at the end of the term.

Yes, Flex Loans are available on new and used vehicles up to five years old.

Yes, members can purchase used vehicles using a Flex Loan with the following guidelines:

Current & Future Model Year: < 30,000 miles
Used 1 Year Old: < 45,000 miles
Used 2 Year Old: < 60,000 miles
Used 3 Year Old: < 75,000 miles
Used 4 Year Old: < 90,000 miles
Used 5 Year Old: < 105,000 miles
What if I want to sell the vehicle after 24 months?
No problem, simply payoff the balance and sell, trade in, or retain the vehicle. There are no prepayment penalties associated with this product.

The vehicle is titled in the members name with Limestone FCU as the loss payee, just like traditional financing.

Members can select mileage options that fit their lifestyle. Current offerings include options as low as 7,500 annual miles to as high as 18,000 annual miles.

It's simple, we change a flat .10 cents per mile for any miles over the annual allowance.

There is a flat $195 disposition fee due at time of vehicle turn in. All vehicles are inspected for excess wear and tear, these fees will be assessed to the member based on the inspection. We do sell excess wear and tear protection to help protect members from excess fees at the end of the term.

We will need a 10 day payoff, VIN Number, and Proof of Insurance.

Yes, if you have your current loan financed elsewhere for a lower rate just provide us with the loan contract, we can beat the rate you are currently paying!

Yes, our GAP protection not only covers up to 125% of the value of the vehicle if it were to be totaled out, but GAP also offers $1,000.00 towards a new vehicle financed with LFCU! Our favorite feature of the GAP protection is the deductible assistance. Let CUNA pay the deductible for you, up to $1,000.00!

As much as we would like to see your smiling faces, you can sign all of your documents through e-mail!

Of course not, we are your credit union. We are not going to penalize you for your good payment habits.

Make the switch

Apply online or give us a quick call. We'd love to tell you exactly how much we can save you.

Apply Now