Buffalo Metropolitan Federal Credit Union

Loans

Auto Loan Sale

 
Reduced Rates for Limited Time!!!
 

Auto Loan Sale November 1, 2016 - January 31, 2017:
Models 2016 and newer *1.25%APR
Models 2015 and older *2.25%APR

 

Low Monthly Payments!!
Examples for a $25,000 auto loan:

Term (months)            60              72              96

New Auto1                $430            $361         $274

Used Auto2               $441            $372         na

1Payments rounded to nearest dollar. New Autos: Models 2016 & newer as low as 1.25%APR and up to 96 months. As low as 60 monthly payments of $17.20 per $1,000 borrowed at 1.25%APR. As low as 72 monthly payments of $14.42 per $1,000 borrowed at 1.25%APR. As low as 96 monthly payments of $10.95 per $1,000 borrowed at 1.25%APR.

2Payments rounded to nearest dollar. Used Autos: Models 2015 & older as low as 2.25%APR and up to 72 months. As low as 60 monthly payments of $17.64 per $1,000 borrowed at 2.25%APR. As low as 72 monthly payments of $14.86 per $1,000 borrowed at 2.25%APR.

*Rate as low as- based on your creditworthiness and other factors. APR=Annual Percentage Rate. Programs, rates, terms and conditions are subject to change at any time without notice

 

Auto, Motorcycle, and Snowmobile Loans

Buffalo Metropolitan Federal Credit Union offers new and used auto, motorcycle, and snowmobile loans. Members have the option to submit a loan application for pre-approval on your loan. This "puts you in the driver's seat" when negotiating the price of your next purchase. The Credit Union will finance 100% (including taxes, title & warranties) on all autos that are current model year or the three previous model years.

Note an auto loan can be used to purchase an auto, motorcycle or snowmobile.

Attention Credit Union Members: Before you go shopping, get preapproved for an auto loan online or stop by our branch. Please bring proof of income when applying for a loan at the branch.

Apply for Loan | Loan Rates

 

Guaranteed Asset Protection (GAP).

If your vehicle is damaged beyond repair or stolen, your insurance provider will only cover the market value of the vehicle at the time of loss which may be less than what you owe on your auto loan. That's where Buffalo Metropolitan's Guaranteed Asset Protection (GAP) comes in. In the event of loss, your GAP coverage will give you peace of mind by paying the difference between the insurance settlement and the balance of your auto loan.
 
Make sure you fill the gap to help protect your money and your credit rating. GAP is a low-cost way to get complete protection, costing only $200.00, which you can finance right into your Buffalo Metropolitan auto loan when purchasing the vehicle or pay separately from your credit union account. Call 716.847.6960 ext. 257 for further details or email us at inquiry@bflometrocu.org.
 
Disclosure: Your purchase of MEMBER"S CHOICETM Guaranteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of GAP. If you choose GAP, adding the product fee to your loan amount will increase the cost of GAP. You may cancel the protection at any time. If you cancel protection within 90 days you will receive a full refund of any fee paid. You will receive additional information before you are required to pay the fee for this product.
 

 

Credit Union Membership.

You must open a savings account in order to have any other product or service (ex: loan) at Buffalo Metropolitan Federal Credit Union; find out more about Credit Union membership.
 

 

Purchasing an Auto.

The following is required when applying for an auto loan to purchase a vehicle:

  • Bill of sale
  • Proof of Income
  • $20.00 for processing fee

Insurance binder listing

  • Buffalo Metropolitan Federal Credit Union as lienholder
  • Our address (62 S. Elmwood Ave., Buffalo, NY 14202)
  • Deductibles (you must carry comprehensive and collision for the life of the loan)
  • Effective and expiration date of the policy
    Your auto insurance can fax the insurance binder to Buffalo Metropolitan at 716.847.6996

Refinancing an Existing Auto Loan.

The following is required when applying to refinance an auto loan from another lender:

  • 10 day payoff letter
  • Original title
  • Proof of Income
  • $20.00 for processing fee
  • Insurance binder listing
    • Buffalo Metropolitan Federal Credit Union as lienholder
    • Our address (62 S. Elmwood Ave., Buffalo, NY 14202)
    • Deductibles (you must carry comprehensive and collision for the life of the loan)
    • Effective and expiration date of the policy
      Your auto insurance can fax the insurance binder to Buffalo Metropolitan at 716.847.6996
Purchase your next vehicle from Enterprise Car Sales.
  • More than 120 makes and models to choose from
  • Very competitive pricing and great value for your trade-in
  • Ability to apply for your loan online

All Enterprise Car Sales vehicles come with the following:

  • Haggle Free Buying - most pricing set below Kelley Blue Book Retail Value3
  • 7-Day Repurchase Agreement1
  • 109-Point Inspection2
  • 12-Month/12,000-Mile Limited Powertrain Warranty2
  • 12-Month Roadside Assistance3
  • Free CARFAX® Vehicle History Reports™
View Enterprise Car Sales’ selection of vehicles and find a location near you or call them directly at 800.CAR.SALES. Be sure to let them know that you're a Buffalo Metropolitan Credit Union member! If you’d like to talk to someone at the Credit Union, call 716.847.6960

Kelly Blue Book

 

Apply for Loan | Loan Rates

 

Immigration Status/Temporary Visitors.

Buffalo Metropolitan Federal Credit Union will consider your immigration status and whether you have the right to stay in the country long enough to repay a debt before we grant credit in accordance with federal regulation B section 1002.6.