The Offer
- Service Credit Union will pay you $100 if you find an auto loan rate better than their rate.
The Fine Print
- Offer available on purchases and refinances of new and used cars or motorcycles. Refis of existing Service Credit Union (SCU) loans are ineligible unless at least $1,000 new cash out.
- Rate matching applies to competitors’ auto loans that have terms and conditions consistent with SCU’s 12-75 month loan rates; $100 offer is only available on terms of 60-75 months.
- If SCU cannot beat competitors’ APR on a 60-75 month loan, we will credit $100 to a qualifying member’s SCU account up to 30 days after original loan application with SCU. A qualifying member is a new or existing member who applies for and is approved for an SCU loan. Proof of applicant’s eligibility for the competitor’s rate must be provided; quoting advertised rates are not sufficient. Approval and rate match eligibility is subject to applicant’s creditworthiness. If total reportable income from SCU equals $600 or more in a taxable year, the credit union will issue you a 1099-MISC. Private, non-commercial loan rates and terms are excluded from this promotion. Offer subject to change without notice. Individual must be a member of Service Credit Union or eligible for membership.
Our Verdict
Interesting offer. Service credit union is available nationwide if you join the ACC (free to join) first.
Hat tip to Econ0mist
