New Vehicle Loans
Alaska USA can help with quick, convenient, low-cost financing for the purchase of new
and used automobiles, passenger vans and pickup trucks (one ton or less).
"Buy and drive"your new car or truck immediately,
if you apply for and close your loan at a dealership in the Alaska USA Dealer Network.
New Vehicle Loan guideline
- 1. Maximum amount:
- On approved credit, 70% of the lesser of: (a) purchase price or (b) manufacturer's suggested
retail price (MSRP), including options.
- Higher percentage of financing may be available for qualified applicants.
- 2. Maximum term:
- 96 months when purchase price exceeds $35,000.
- 84 months when purchase price exceeds $25,000.
- 72 months when purchase price exceeds $15,000.
- 60 months when purchase price exceeds $10,000.
- 48 months when purchase price exceeds $ 7,500.
- 36 months when purchase price exceeds $ 5,000.
- 24 months on all others.
- 3. Type of lien:
- Security Agreement.
- 4. Annual percentage rate:
- Periodically established by Board of Directors based upon current money market conditions and credit qualifications of applicant.
- 5. Inclusion:
- Automobiles, pickup trucks and other wheeled units normally used for passenger purposes.
- 6. Miscellaneous:
- "New" is defined as the untitled current model year and the next year's model units and prior year units until April 1st of the following year.
This guideline is approved by the Board of Directors and is effective December 30, 2009.
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