Residual value is not exclusive to car leases, but can be leases of any type of asset, as long as it depreciates and can be sold at value once again. As an example, a car worth 30,000 that is leased for 3 years can have a residual value of 16,000 when the lease ends. Make a down payment of at least 20 of the cars total cost. The difference would be magnified even more if your credit score was under 650. Thats about 1,000 more each year for the same loan. We recommend you read the privacy policies of those sites as they may be different from TCU's policy. It is most commonly associated with car leasing. The same deal over four years would cost 3,716 in interest and a five-year loan would be 4,715 in interest. If youre still paying on a loan for the vehicle you plan. Insurance, securities, investment advisory and trust and investment management accounts and services offered by Thrivent, the marketing name for Thrivent Financial for Lutherans, or its affiliates are not deposits or obligations of Thrivent Federal Credit Union, are not guaranteed by Thrivent Federal Credit Union or any bank, are not insured by the NCUA, FDIC or any other federal government agency, and involve investment risk, including possible loss of the principal amount invested.Īny data or personal information collected by websites other than Thrivent Credit Union (TCU) is not covered by TCU's privacy policy. Use this auto loan calculator to estimate a monthly car payment. Deposit and lending services are offered by Thrivent Credit Union, the marketing name for Thrivent Federal Credit Union, a member-owned not-for-profit financial cooperative that is federally insured by the National Credit Union Administration and doing business in accordance with the Federal Fair Lending Laws. Auto financing: Total price (before tax) Enter an amount between 100 and 250,000 Down payment: Cash down: 1,500, Trade allowance: 5,000, Amount owed on. You are now leaving Thrivent Credit Union's website.
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