Sometimes, finding a better financial solution starts with simply taking a closer look. That’s exactly what happened when Deanna Lovelace, Mortgage Loan Officer, was working with a member on their mortgage loan at our 31st Ave Branch. While reviewing the member’s credit report, Deanna noticed an auto loan listed under the member’s name. After looking into it, she discovered that the loan was actually for their daughter’s vehicle.

Rather than letting that loan remain as-is, Deanna recognized an opportunity to explore a First Car Loan. She connected with Jennifer Rodriguez, Financial Services Officer II, who worked with the member to refinance the existing auto loan into a First Car Loan.

The result? The member saved an incredible $3,134 in interest! 

A First Car Loan can do more than help make a first vehicle more affordable it can also be an opportunity to start building a strong financial foundation. Making on-time payments can help establish a credit history and demonstrate responsible borrowing, an important step as young drivers eventually apply for other types of credit.

This is a great example of what can happen when our team takes the time to look at the bigger financial picture. At Town & Country Credit Union, we believe our members deserve more than a one-size-fits-all approach. Our team looks for opportunities to help members save money, make informed decisions, and find financing solutions that fit their individual needs.

Whether you’re financing your first vehicle, helping your kid purchase their first car, or wondering if an existing auto loan could qualify for a First Car Loan refinance, it pays to have someone in your corner who is willing to take a closer look.

Could you or your child be missing an opportunity to save? Reach out to Jennifer Rodriguez today and explore whether a First Car Loan could be right for you.

Individual results may vary. Savings and loan terms depend on creditworthiness and other factors.