A different way to finance...
Learn how you can pay up to 30-40% less per month on your new or used auto with our FlexAuto Program.
Benefits You’ll Love
- Low monthly payments
- No down payment required
- Return vehicle at loan maturity and simply "walk-away"
How would you like to finance your vehicle with a program that combines the best features of a conventional loan with the benefits of leasing? Our FlexAuto Program offers low monthly payments similar to a lease, plus the best part of conventional financing – actually owning the vehicle.
MCT has the vehicle financing option to best fit your needs! The low monthly payments that the FlexAuto Program allows for, gives you more vehicle for your money. Under the FlexAuto Program, all new and pre owned vehicles up to five years old are eligible and can be financed for up to 72 months. The FlexAuto Program is the vehicle financing option you’ve been waiting for!
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Low monthly payments1
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No down payment required
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Vehicle ownership (titled in your name)
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No higher insurance premium
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Option to Sell, Trade, Refinance or Payoff at any time
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No early termination fees
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Return Vehicle at Loan Maturity and simply “Walk-away”
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Annual mileage options of 7,500, 10,000, 12,000, 15,000 & 18,000 available2
Want to find out how low your FlexAuto payment could be?
Call 409-727-1446 or visit us in-branch today.
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Is this a leasing program?
This is a Balloon Lending Program. Unlike leasing where the vehicle is titled in the name of the leasing company, with the FlexAuto program the vehicle is titled in your name. In addition, most leases require a down payment and/or security deposit and the FlexAuto program does not.
How do I apply for this loan type?
Just like our standard auto loans, you can apply in-branch, over the phone, online, or via video chat within Online/Mobile Banking during regular business hours.
Can I finance any vehicle in this program?
This program is valid for vehicles 5 years old or newer. Vehicles cannot be used for business or commercial purposes. For additional information, please contact the Credit Union.
Are there any fees associated with this program?
There is a one-time enrollment fee of $825 required for participation which can be financed into the loan.
1All loans are subject to credit approval. Valid for vehicles 5 years old or newer. Subject to mileage restrictions. This is a residual value lending program available through our partnership with Auto Financial Group (AFG). Various terms and rates are available depending on collateral and credit worthiness. Vehicles not eligible for the program include those considered "Grey Market," "Lemon Law," or salvaged vehicles. Vehicles cannot be used for business or commercial purposes. Vehicles enrolled in the FlexAuto Program are not eligible for skip-a-pay or loan extensions. One-time enrollment fee of $825 required for participation and can be financed into the loan. If Borrower uses the Walkaway option they must pay Over-Mileage, Disposition Fee, and Excess Wear and Tear, if the vehicle has any at end of term. There are no Prepayment Penalties or Early Termination Fees. See Credit Union for additional details and restrictions.
2Mileage options only a factor if you are surrendering the vehicle and walking away at loan maturity.
Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term Share Certificate can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total dividend earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Credit Cards
| Card Type | Intro APR For initial 6 months* | APR for Purchases, Balance Transfers, & Cash Advance after intro APR if applicable* |
|---|---|---|
| VISA Platinum | 3.90% | 13.25% - 17.99% |
*Introductory APR applicable until the first day of the billing cycle includes the six-month anniversary date of the opening of your account. Restrictions apply to be eligible to receive the Introductory APR. Your exact rate is based on your creditworthiness. Ask a loan officer about the rate you qualify for. The periodic rate used to compute the FINANCIAL CHARGE for purchases is based on an index (the “Index”), which is the Prime Rate as published in the Money Rates section of The Wall Street Journal on the last business day of the month and is subject to change monthly.
Kasasa Cash*
| Level 1 Balance | Minimum Opening Deposit | Rate | APY |
|---|---|---|---|
| 0 - $15,000 | $5 | 2.48% | 2.51% |
| $15,000+ | $5 | 0.50% | 2.51% to 0.76% |
| All balances if qualifications not met | $5 | 0.05% | 0.05% |
| Level 2 Balance | Minimum Opening Deposit | Rate | APY |
|---|---|---|---|
| 0 - $15,000 | $5 | 5.85% | 6.01% |
| $15,000+ | $5 | 0.50% | 6.01% to 1.22% |
| All balances if qualifications not met | $5 | 0.05% | 0.05% |
Qualifications
It is so easy to qualify, you are probably already doing it. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash® account during each Monthly Qualification Cycle:
Level 1
- At least 10 debit card purchases
- At least 1 ACH debit, 1 direct deposit, or 1 bill pay transaction
- Be enrolled in and agree to receive e-Statements
Level 2
- At least 30 debit card purchases
- At least 1 ACH debit, 1 direct deposit, or 1 bill pay transaction
- Be enrolled in and agree to receive e-Statements
That's it. Even if you don't meet your qualifications during the cycle, your Kasasa Cash account is still free. Plus, you'll still earn our base dividend rate. And you can get right back to earning your full rewards the very next month.
Kasasa Saver*
| Balance | Minimum Opening Deposit | Rate | APY |
|---|---|---|---|
| 0 - $50,000 | $5 | 1.99% | 2.01% |
| $50,000+ | $5 | 0.50% | 2.01% to 1.00% |
| All balances if qualifications not met | $5 | 0.05% | 0.05% |
Qualifications
Qualifying for your Kasasa Cash, Kasasa Cash Back, Kasasa Eats, or Kasasa Play rewards automatically qualifies you for the highest Kasasa Saver® rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash, Kasasa Cash Back, Kasasa Eats or Kasasa Play account during each Monthly Qualification Cycle:
- At least 10 debit card purchases
- At least 1 ACH debit, 1 direct deposit, or 1 bill pay transaction
- Be enrolled in and agree to receive e-Statements
That's it. Even if you don't meet your qualifications during the cycle, your Kasasa® accounts are still free. Plus, you'll still earn our base dividend rate on Kasasa Saver. And you can get right back to earning your full rewards the very next month.
Personal Loans
| Loan Type | APR 0-24 months |
APR 25-36 months |
APR 37-48 months |
APR 49-60 months |
APR 61-72 months |
APR 73-120 months |
|---|---|---|---|---|---|---|
| Share (Savings) or CD Secured Loan | 2.00%+* | 2.00%+* | 2.00%+* | 3.00%+* | 3.00%+* | 4.00%+* |
| Signature Loan | 11.75% | 11.75% | 11.75% | 11.75% | N/A | N/A |
| Personal Line of Credit | 11.75% | 11.75% | 11.75% | 11.75% | 11.75 | 11.75% |
Longer-term options may be available. Ask an MCT Member Service Representative for details. APR = Annual Percentage Rate. The rates disclosed are current.
*Rates are 2.00%-4.00% above Savings or CD rate, depending on term.
Share Accounts
| Account | Minimum Opening Deposit | Rate | APY |
|---|---|---|---|
| Business Checking Account | $5 | 0.13% | 0.13% |
| Member Share Savings Account | $5 | 0.20% | 0.20% |
| Christmas Club Savings Account | $5 | 0.20% | 0.20% |
| Money Market Account | $2,500 | 0.65% | 0.65% |
| IRA Savings | $5 | 0.20% | 0.20% |
Share Certificates
| Certificate Term | Dividend Rate | APY |
|---|---|---|
| Six month | 3.75% | 3.82% |
| One year | 4.35% | 4.45% |
| Two years | 3.20% | 3.25% |
| Three years | 3.25% | 3.30% |
| Four years | 3.25% | 3.30% |
| Five years | 3.50% | 3.56% |
Penalty for early withdrawal.
Sprout Savings
| Balance | Minimum Opening Deposit | Rate | APY |
|---|---|---|---|
| 0 - $500 | $5 | 2.47% | 2.50% |
| $500.01 - $5,000.00 | $5 | 0.99% | 1.00% |
| $5000.01 - $10,000.00 | $5 | 0.75% | 0.75% |
| $10,000.01 or more | $5 | 0.20% | 2.50% to 0.20% |
- Members up to age 22 are eligible for Sprout Savings Account
- No monthly maintenance fees
- No minimum balance to earn rewards
Vehicle Loans
| Loan Type | APR 0-24 months |
APR 25-36 months |
APR 37-48 months |
APR 49-60 months |
APR 61-72 months |
|---|---|---|---|---|---|
| New Auto Loans | 5.50% | 5.50% | 5.50% | 5.75% | 6.25% |
| Used Auto Loans | 5.50% | 5.50% | 5.50% | 5.75% | 6.25% |
| Boat Loans | 6.25% | 6.25% | 6.25% | 6.25% | 6.75% |
| Travel Trailer Loans | 6.25% | 6.25% | 6.25% | 6.25% | 6.75% |
| Other Collateral Loans | 5.99% | 5.99% | 5.99% | 6.25% | 6.50% |
APR = Annual Percentage Rate. Rates disclosed may be different based on credit underwriting and/or elected loan protections. Rate discount of 1.00% available for the election of Warranty, Credit Life Insurance and Disbability Protection on qualified collateral loans. All loan rates are subject to change without prior notice. Maximum interest rate is 17.99%. Loan terms are dependent on amount financed and member/collateral. Membership required. Terms and conditions subject to change.