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Lease-Like Auto Financing

Balloon Financing is like a lease, except that you actually own the vehicle. You can finance terms of 24, 36, 48, or 60 months and then have a balloon note to pay at the end of the term.

At the end of the balloon contract, you can either finance the balance at current used auto rates or sell the vehicle to pay off the balance. The balloon payment amount must be equal to 90% of residual value per Auto Lease Guide (ALG), and loan request must exceed ALG residual value amount.

New Auto Balloons feature:

  • Terms of 24, 36, 48, or 60 months
  • To qualify as new, vehicle must be current model year or 1 prior model year, untitled, with less than 5,000 miles.
  • The maximum financing available will be determined by the credit score of the applicant.
  • The purchase price may not exceed MSRP plus sales tax and extended warranty.
  • Extended warranty purchase available
  • Gap insurance is required
  • TFCU does not finance new autos purchased from dealers located outside of the 50 United States.
  • Subject to ALG availability

Apply! >

Used Auto Balloons feature:

  • Used Auto Balloons feature:
  • Terms of 24, 36, 48, or 60 months, subject to vehicle age restrictions
  • The maximum financing available will be determined by the credit score of the applicant.
  • The purchase price may not exceed the NADA retail value plus sales tax and warranty.
  • Extended warranty purchase available
  • Gap insurance is required
  • TFCU does not finance used autos purchased from dealers located outside of the 50 United States.
  • Subject to ALG availability

Apply! >

For more information, visit any of our conveniently located branches, or call (631) 698-7000, extension 6790.

All rates and terms are subject to change without notice.

Featured Rates

New Auto, TrucksAPR*
12 to 60 months2.40%
61-72 months2.70%
73-84 months3.75%
85-96 months4.04%
See All

*APR = Annual Percentage Rate. All rates are subject to change without notice.

61-72 Mo. Minimum Loan $10,000
73-84 Mo. Minimum Loan $20,000
85-96 Mo. Minimum Loan $30,000

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