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7 Things to Look Out for With 0% APR Auto Loan Offers

7 Things to Look Out for With 0% APR Auto Loan Offers

Posted On: July 12, 2024 by American First Credit Union in: Loans

Navigating the world of auto loans can be confusing, but knowing your options is the first step to making a smart financial decision. In this article, we'll look at two popular choices: the enticing 0% APR offers from dealerships and the often advantageous pre-approval from your local credit union. By comparing the two, we aim to equip you with the knowledge to choose the best financing option for your next vehicle purchase.  What is a 0% APR Auto Loan? A 0% APR auto loan is a loan on which the borrower pays no interest. APR stands for Annual Percentage Rate, and when that rate is set at 0%, the borrower's monthly payments won't have any interest added on. Sounds great, doesn't it? But here's the catch: 0% APR auto loans, while tempting, are often used by dealerships for their own reasons, which might not benefit you in the long run. 7 Things to Look Out for When Considering a 0% APR Auto Loan Dealerships use the 0% APR
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Recent Blog Posts

7 Things to Look Out for With 0% APR Auto Loan Offers

7 Things to Look Out for With 0% APR Auto Loan Offers

Posted On: July 12, 2024 by American First Credit Union in: Loans

Navigating the world of auto loans can be confusing, but knowing your options is the first step to making a smart financial decision. In this article, we'll look at two popular choices: the enticing 0% APR offers from dealerships and the often advantageous pre-approval from your local credit union. By comparing the two, we aim to equip you with the knowledge to choose the best financing option for your next vehicle purchase. 

What is a 0% APR Auto Loan?

A 0%...

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Online Banking

Online Banking: Why You Should Go Mobile

Posted On: December 20, 2023 by American First Credit Union in: Banking, Digital Banking

In the world of modern banking, going mobile offers a whole range of advantages that make managing your money easier than ever. From instant alerts that keep you in the know to convenient customer support options, mobile banking brings your finances right to your fingertips. We will discuss some of the benefits that make mobile banking an excellent choice for staying on top of your finances.

Easy Access to Your Account

With online banking, you can easily access your account whenever...

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Financial Planning 2024

Get Ahead: Begin Your Financial Planning Now for 2024

Posted On: December 20, 2023 by American First Credit Union in: Savings

As the new year approaches, there's no better time to lay the groundwork for your financial success. Whether you're aiming to save for a major purchase, build an emergency fund, invest wisely, or simply gain better control over your finances, careful planning and strategic decision-making are essential. In this blog, we'll walk you through a series of insightful strategies to empower you to take charge of your financial future in 2024.

Assess Your Current Financial Situation

Assessing...

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Financing College: Understanding Student Loans

Financing College: Understanding Student Loans

Posted On: October 17, 2023 by American First Credit Union in: Loans, Savings

Navigating the world of college financing can be daunting, but understanding your student loans is a crucial step toward achieving your future goals. In today’s blog, we will delve into all aspects of student loans with helpful insights to empower your decisions as you embark on your college journey.  

Federal Student Loans 

Federal...

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Budgeting Tips and Tricks for Travel This Holiday Season

Budgeting Tips and Tricks for Travel This Holiday Season

Posted On: October 10, 2023 by American First Credit Union in: Budgeting, Holiday, Savings

Planning a trip during the busy holiday season doesn’t have to strain your finances. With our helpful budgeting tips and tricks, you can make the most of your holiday travel budget! Whether you’re flying across borders or exploring local gems, our guide will help ensure that your journey is memorable and cost-effective.  

Early Planning  

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Cracking the Credit Code: The Ultimate Guide to Decoding Your Credit Score

Cracking the Credit Code: The Ultimate Guide to Decoding Your Credit Score

Posted On: September 26, 2023 by American First Credit Union in: Credit

Your credit score is one of the most important numbers in your financial life. It affects everything from your ability to get a loan or credit card to the interest rates you'll pay on those loans or cards. Understanding how your credit score is calculated can seem like a daunting task, but it doesn't have to be! Today, join us as we explore all of the questions you might have for decoding your credit score.  

What...
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Retire in Style: Discovering the Benefits of an IRA for Your Future

Retire in Style: Discovering the Benefits of an IRA for Your Future

Posted On: September 22, 2023 by American First Credit Union in: Investing, Savings

Have you already started retirement planning? Utilizing an Individual Retirement Account (IRA) can be very helpful when starting to plan for retirement. In today’s blog, we will share information with you about what an IRA is, the benefits of using an IRA, and when is the best time to start planning!  

What Is an IRA? 

An...

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Beyond Transactions: The Hidden Advantages of Relationship Banking

Beyond Transactions: The Hidden Advantages of Relationship Banking

Posted On: September 22, 2023 by American First Credit Union in: Banking, Community

Relationship banking goes beyond mere transactions and evolves into a dynamic and personalized experience. Relationship banking is a customer-centric approach that emphasizes building long-term connections and understanding your unique financial needs and goals. Unlike traditional banking, which often focuses solely on individual transactions, relationship banking nurtures a deeper relationship between you and your financial...

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When to Tap Into a Home Equity Line of Credit

When to Tap Into a Home Equity Line of Credit

Posted On: September 22, 2023 by American First Credit Union in: Home, Loans

There are so many benefits to being a homeowner. A huge benefit of homeownership is the ability to utilize your home’s equity as a secret weapon. A home equity line of credit (HELOC) provides a convenient way for homeowners to access funds for various purposes, such as home improvements, debt consolidation, education, or unexpected expenses. In today’s blog, we’ll give you the basics of a HELOC and the best...

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The Basics: Achieving Financial Security

The Basics: Achieving Financial Security

Posted On: July 18, 2023 by American First Credit Union in: Banking, Savings

Attaining financial security stands as an essential goal for all individuals, demanding unwavering commitment and discipline. As it can be easier said than done, achieving financial security involves careful planning, disciplined financial management, and making informed decisions. Keep reading as we dive into the journey of achieving financial security. 

The Goal of Financial Security

Achieving financial security can look different depending on your situation, but the route...

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