Payment Saver

GPO's Payment Saver financing option offers monthly payments that are considerably lower than conventional financing ... with no money down!

To learn more about balloon payments versus conventional payments, watch our tutorial.
Please note: By accessing the tutorial link, you will be leaving GPO's website and entering a site not operated by the credit union. Although this is a GPO partner site, we are not responsible for the content.

GPO's Payment Saver is a lease-like program, only you OWN the vehicle, and there are plenty of end-of-term options:

• Refinance remaining balance and keep the vehicle.
• Sell it at maturity or anytime during loan term.
• Trade it at maturity or anytime during loan term.
• Return the vehicle at maturity in lieu of final balloon payment.

New AND used vehicles (up to three years old) qualify for the Payment Saver program. With terms ranging from 36 to 72 months, discover how Payment Saver makes sense for your auto financing needs.

PAYMENT SAVER VERSUS CONVENTIONAL FINANCING

• Lower monthly payments – up to 67% lower than conventional – with no money down.
• You get more value for your money – giving you the option to drive a better vehicle!
• Minimum cash investment – no money down required – even the taxes and registration can be included.
• Flexible loan terms from 3 to 6 years.
• Payments are based on actual use of vehicle (depreciation) with final balloon payment based on the projected resale value of the vehicle at loan maturity.
• Take shorter loan terms and change vehicles more frequently.
• Eliminates negative equity risk factor associated with conventional financing by finally getting you out the cycle of paying off a previous vehicle loss with your next vehicle loan.

PAYMENT SAVER VERSUS LEASE FINANCING

• You own the vehicle (titled in your name).
• Payment Saver financing requires no money down and has no hidden costs typically found in leasing.
• You can finance a vehicle up to 3 years used.
• You can carry the level of auto insurance you choose.
• You can negotiate the vehicle purchase price like a cash purchase with the dealer. This gives you a stronger basis of price negotiation and can potentially save you thousands of dollars on your vehicle purchase.
• You are borrowing money from a source you know and trust (your credit union) and know all details of your vehicle purchase.
• You get fair market residual value, not a potentially inflated amount which immediately puts you in a negative equity position “upside down” on your loan throughout its term.
• You can pay off your loan, sell or trade your vehicle anytime with no prepayment penalty.
• Plenty of end of loan term options: Refinance remaining balance and keep the vehicle; sell it at maturity or anytime during loan term; trade it at maturity or anytime during loan term; OR return the vehicle at maturity in lieu of final balloon payment.

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BUILD YOUR CAR ONLINE
Pick your make, model, and available options and get payment amounts instantly for GPO's Payment Saver and conventional auto financing ... for different loan terms. See how low your payments can be.

​​*By accessing the link below, you will be leaving GPO’s website and entering a site not operated by the credit union. Although this is a GPO partner site, we are not responsible for the content.

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