Quick Pay and Skip-A-Pay

Make a loan payment or skip your upcoming loan payment without logging in to Online Banking!

Featured Products

You can turn to iTHINK Financial for the right solutions to all of your financial needs!

Visa® Platinum Credit Cards

Variable rates as low as {{RatePlaceholder}} with no annual, cash advance, or balance transfer fees.

Auto Loan

Vehicle Loans

Get great rates as low as {{RatePlaceholder}} APR, fast approvals and personalized service.

Checking

Checking Accounts

We offer the perfect checking account to match your lifestyle.

Digital Banking

Digital Banking

Our 24/7 online services will simplify your banking. Check balances, deposit checks, transfer funds, pay bills and more, all from your desktop, tablet, or mobile phone.

Mortgages

Mortgages

When you are ready to make a move, we'll make it easy with a variety of home loan options.

creditcard-icon

Savings Accounts

Start saving for your future today! We offer many savings options to fit the way you live.

0% Financing – Should we be enticed?

By: iTHINK Financial | May 16, 2019

Often times when dealers want to increase sluggish sales, auto manufacturers begin to advertise 0% financing offers. At face value, these 0% Annual Percentage Rates (APRs) appear very attractive, but there are a few issues to consider before accepting this type of promotion: 
 

  • Credit Rating – Many of the deals are for “well-qualified” buyers only. Unless you have excellent credit, this financing rate may not even be an option.
     
  • Shorter Loan Terms = Higher Monthly Payments – Many of the 0% deals are for short-term loans, such as 36 months, making the monthly payment amounts much higher.
     
  • Down Payments – Dealers often require large down payments for you to receive the 0% special rate. In addition, most of the 0% deals will not apply to those who have a trade-in with negative equity, when they owe more on their current vehicle than the car is worth.
     
  • No Rebate – The customer may be asked to choose either zero-percent financing or a cash rebate. You can often fare better by taking the rebate and financing the difference at a normal interest rate.
     
  • Less Choice – You may be limited to what cars a dealer has in stock, resulting in sacrifice of color, style, or options. Additionally, unwanted options may be included, which can add 10% to 20% to the sticker price of a car.

  • Failure to Negotiate - Many people who go to a dealer for the zero-percent financing get so distracted by the offer that they forget to negotiate the price of the car. They don't realize the price of the car and the cost of financing are two separate issues. While they got a good rate on the loan, they can end up paying thousands more than they need to for the car by taking the 0% offer.

 

As a result of the above issues, only a small percentage of consumers who visit a dealer and qualify for the 0% rate actually close the deal. However, if none of these issues apply to you, a 0% financing offer allows you to essentially get money for free! A good plan would be to compare the deals offered by your Credit Union as compared to those of the auto dealer (be sure to compare apples-to-apples).

“We encourage the Members of iTHINK Financial to comparison shop before purchasing their next vehicle. Although the APR is low, the benefits of financing through the Credit Union might - outweigh those of the car dealership,” says Sandra McAdams, Assistant Vice President of Consumer Lending iTHINK Financial. 

Your Credit Union offers  competitive rates, terms, auto buying servicesauto insurancepayment protectionGAP insurance and  mechanical breakdown protection options. Whether it’s financed at your Credit Union or the auto manufacturer, now is a great time to purchase a new car.

Upcoming Events

Check out the upcoming events happening at iTHINK Financial.

may 30

Memorial Day Closure

MAY 30TH, 2022

may 31

Live Homebuyer Webinar

MAY 31ST, 2022 @ 6:00PM - 7:00PM

jun 03

National Donut Day

JUNE 3RD, 2022

jun 20

Juneteenth Closure

JUNE 20TH, 2022

jun 23

Wealth Management Webinar: A Will Is Not The Only Way

JUNE 23RD, 2022 @ 11:00AM - 12:00PM

Not a Member? Join us today!

It's easy to join! Apply for your lifetime Membership with iTHINK Financial in about 10 minutes.