University of Toledo Federal Credit Union announces new residual based auto financing

Greg Cook, the President and CEO of the University of Toledo Federal Credit Union (UTFCU) signed an agreement with Auto Financial Group (AFG) to make residual based auto financing available to the members of UTFCU.

“At University of Toledo FCU, we are always seeking ways to help our members. The recent increase in inflation coupled with the higher demand for vehicles made the AFG program something that we wanted to make available for our members.”

Greg Cook, CEO of UTFCU said that “with the higher rates over the past several years and increased auto prices, our members have felt the pressures of buying a vehicle. A residual based auto loan program makes a new car or truck more affordable.”

Residual based financing is like a lease where you only pay for the portion of the vehicle you use, but unlike a lease, you own your vehicle.  For details you can talk with one of our loan specialists at 419-534-3770 or apply online at https://www.uoftfcu.com/auto-loans

University of Toledo Federal Credit Union (UTFCU) is a Toledo based credit union with current asset size of nearly $100 Million.  UTFCU provides deposit and loan options for its members. Roughly 6000 members enjoy banking without the bank at UTFCU. Membership is open to all students, employees and alumni association members of The University of Toledo.