Enterprise Auto Sales

Loans & Visa Card Rates


Car Loan Rates
 
Loan TypeMaximum Amount FinancedTerm*Auto-Pay APRMonthly Payment Per $1,000 Borrowed
New Cars
2015 - 2013125%up to 60 Months1.95%$17.51
2015 - 2013125%61-66 Months2.25%$16.13
2015 - 2013125%67-72 Months2.25%$14.87
Pre Owned
2012125%up to 60 Months2.25%$17.64
2012125%61-66 Months2.55%$16.26
2012125%67-72 Months2.55%$15.00
2011125%up to 60 Months2.35%$17.69
2011125%61-66 Months2.65%$16.30
2011125%67-72 Months2.65%$15.04
2010125%up to 60 Months2.35%$17.69
2010125%61-66 Months2.85%$16.39
2010125%67-72 Months2.85%$15.13
2009125%48 to 60 Months2.65%$17.82
2008125%48 to 60 Months2.95%$17.95
**Auto Refinance
2015 - 2013125%up to 72 Months1.95%$17.51
2012125%up to 72 Months2.25%$17.64
2011 - 2010125%up to 60 Months2.35%$17.69
 
Rates may be higher based on applicant's credit worthiness. Rates and terms are subject to change without notice. Certain restrictions may apply.

MCU only finances vehicles purchased from a car dealer: We do not offer financing for private sales, individual sales or lease buyouts.

*Auto-Pay: When direct deposit or automatic payroll deduction is utilized as the method of loan repayment. Annual percentage rates for auto loans will increase by 1/2 % after consummation if automatic payroll deduction or direct deposit is cancelled. Annual percentage rates on unsecured loans will increase by 2% after consummation if automatic payroll deduction or direct deposit is cancelled. Late payment fee: $25.00.

** Rates range from 1.95% APR to 13.95% APR depending upon collateral, credit qualifications, and loan repayment. Auto loan must be refinanced from another financial institution.

APR = Annual Percentage Rate.

 
Visa Cards
 
Annual Percentage Rate for PurchasesGrace Period for Repayment of the Balance for PurchasesMethod of Computing the Balance for PurchasesAnnual FeesMinimum Finance ChargeTransaction Fee for Purchases
Platinum Card
3.9% for the first 6 mos. Thereafter at the prevailing rate, currently 8.90% or 10.15%(Prime Rate+ 5.65% or 6.90%)*Not less than 25 daysAverage daily balance (including new purchase)None$.50None
Gold Card
4.9% for the first 6 mos. Thereafter, at the prevailing rate, currently 11.65% (Prime Rate+ 8.40%)**Not less than 25 daysAverage daily balance (including new purchase)None$.50None
Classic Variable Rate
5.9% for the first 6 mos. Thereafter, at the prevailing rate, currently 13.15% (Prime Rate +9.90%)***Not less than 25 daysAverage daily balance (including new purchase)None$.50None
Secured Visa
11.90%Not less than 25 daysAverage daily balance (including new purchase)None$.50None
MCU²
0.00% for the first 6 mos. Thereafter, at the prevailing rate, currently 11.65% (Prime Rate + 8.40%)****Not less than 25 daysAverage daily balance (including new purchases)None$.50None
 
Rates and terms are subject to change without notice.

* 3.90% introductory APR for new cardholders on purchases and balance transfers for first six months. Depending on your creditworthiness, a low 8.90% or 10.15% variable APR after introductory period expires.
** 4.90% introductory APR for new cardholders on purchases and balance transfers for first six months. A low 11.65% variable APR after introductory period expires.
***5.90% introductory APR for new cardholders on purchases and balance transfers for first six months. A low 13.15% variable APR after introductory period expires.
****0.00% introductory APR for new cardholders on purchases and balance transfers for first six months. A low 11.65% variable APR after introductory period expires.

The Annual Percentage Rate for Cash Advances for all MCU VISA Cards is a fixed 17.90%.
Cash Advance Fee for Gold, Platinum and MCU² VISA Cards is 3% of the amount advanced but not less than $2.00 or more than $30.00.
Cash Advance Fee for Classic and Secured VISA Cards is 3% of the amount advanced but not less than $1.00 or more than $30.00.
Foreign Transaction Fee for all MCU VISA Cards is 1% of each transaction in U.S. Dollars.

Late Payment Fee for all MCU VISA Cards: up to $30.00.
Returned Payment Fee for all MCU VISA Cards: up to $20.00

Variable APRs will vary with the market based on the Prime Rate and are based on the 3.25% Prime Rate as of 6/15/14.

APR = Annual Percentage Rate
 
Personal Loan Rates
 
Maximum Amount FinancedTerm*Auto-Pay APRMonthly Payment Per $1,000 Borrowed
Unsecured Loan
$1,000 - $15,000up to 60 Months7.90%$20.24
$15,001 - $50,000up to 60 Months8.90%$20.72
$15,001 - $50,000up to 72 Months9.50%$18.29
$15,001 - $50,000up to 84 Months9.50%$16.36
 
*Annual percentage rates on unsecured loans will increase by 2% after consummation if automatic payroll deduction or direct deposit is cancelled. Late payment fee: $25.00

APR = Annual Percentage Rate
 
Minimum Amount FinancedTermAuto-Pay APRMonthly Payment Per $1,000 Borrowed
Share Secured Loan
$500up to 84 Months4.50%$13.90
*CD Secured Loan
$500Equal to CD Maturity(up to 60 Months)3.00%$8.99
**Education Assistance Loan
$1,00060 months8.95%$20.75
 
*APR for CD Secured Loan is Share Certificate rate plus 3%.

**Education Assistance Loans (EAL) - Private loans, like the MCU Education Assistance loan, can be used when federal loans, grants and other forms of financial aid are not sufficient to cover the full cost of education. MCU Education Assistance loans are subject to credit approval, receipt of a completed and signed loan application/promissory note and self-certification form, verification of application information, acceptance of loan terms, and school certification of loan amount and student's enrollment at an accredited school. This loan does not offer a deferred repayment option. Installments are due 30 days from the date of disbursement. MCU services its Education Assistance loans and does not sell them to another lender. Although a cosigner is not necessary or required to apply for a private student loan, a qualified cosigner may help you get approved for a private student loan and possibly help you qualify for a better interest rate. Borrowers and cosigners are equally responsible for repayment of the loan. Upon request by the student borrower, cosigners are eligible to be released from the loan after any 36 consecutive payments of principal and interest are paid on time. The borrower must meet MCU's established credit criteria at the time of cosigner release. Other terms and conditions apply. Benefit programs are subject to change. Maximum annual loans up to cost of attendance, less other aid, but no more than the amount certified by your school. Aggregate maximum loan limits apply. This information was current as of 1/28/2011 and is subject to change. Contact Municipal Credit Union for the most up-to-date product terms.

APR = Annual Percentage Rate.
 
Overdraft
 
Annual Percentage RateOverdraft IncrementMethod of Computing the Balance for OverdraftsAnnual FeesTransaction Fee for Purchases
Overdraft Checking Line of Credit
14.65%$1.00Daily Balance (including new overdrafts)NoneNone
 
 
 
 
These rates are in effect as of Tuesday, October 21, 2014
Rates and terms are subject to change without notice.