News

This Could Be A Good Time to Refinance Auto Loan

As we move further away from the credit freeze, some consumers might want to think about taking a blowtorch to high-rate car loans that they took out just two years ago or so. It may be possible to find -- and yes, qualify for -- a lower rate that would make refinancing an existing car loan a great way to save money. Read more> read more >

In the Market for a new car?  Read the following money saving information before going to the car dealer!  Rebate vs. O% Financing – Taking the Rebate may be the right choice for you!   OMEGA FCU's low member rates, combined with the rebate may be the best choice.  Before deciding on either option, consider the following example:  
Compare for Savings

0% Dealer Financing

Rebate & OFCU Financing

Purchase Price:

$25,000

$25,000

Manufacturer’s Rebate:

$0

($2,500)

Amount Financed:

$25,000

$22,500

Loan Interest Rate

0% APR

2.99 % APR

Loan Term:

60 months

60 months

Monthly Payment:

$416.67

$404.24

Total Payments:

$25,000.00

$24,254.40

Lifetime Savings:

$0 over 60 months

$745.60

Recommendations:

Skip the 0% Financing

Take the rebate and finance with OMEGA FCU

  If you would like a specific comparison with a personalized quote, please call our Loan Department at 412-369-3800. To apply online, click the online loan application link.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               *APR=Annual Percentage Rate. Rates are subject to change at any time without notice.  Rates shown are the lowest rates offered. All approvals are subject to normal underwriting guidelines and individual rates may vary depending on credit worthiness. Rates shown include discounts for required accounts services and qualifications. New money only. Current OMEGA FCU loans do not qualify for promotional rates.