Considering 0% financing from a dealership? Here’s why a loan from Allsteel Credit Union could save you more.

As low as 2.50%. New and Used vehiclesAmidst all the excitement of buying a new car or truck, you might be tempted to think that the enticing 0% financing offered by your dealership is the best way to go. But hold on.

What you should know is this. When car dealers offer a choice of either 0% financing or a rebate, sometimes taking the rebate will save you more money in the end.

Check out the chart to the right. It shows how a dealer rebate coupled with a low-rate auto loan from Allsteel Credit Union could potentially save you money over the life of your loan.

Along with rates as low as 2.50% APR, Allsteel auto loans offer:

  • Fast preapprovals that let you negotiate like a cash buyer
  • Flexible terms based on your desired monthly payment
  • Easy repayment methods

Applying online is easy. You can also call 630.906.2050.

  Dealer 0% APR
with no rebate
Allsteel 2.50% APR
with dealer rebate
Term 48 months 48 months
Purchase Price $25,000 $25,000
Cash down/
$3,500 $3,500
$21,500 $20,000
$447.91 $438.32
Total Loan
$21,600.00 $21,038.97
SAVINGS $461.03


* APR = Annual Percentage Rate. APR is based on excellent credit history, for terms to 60 months, and reflects these discounts: .25% for use of Allsteel eStatements; plus .25% for automatic loan payments via ACH, direct deposit or payroll deduction; plus .25% for use of use of Allsteel checking, direct deposit and two or more other services (from among a first mortgage, home equity loan or line of credit, credit card, savings or IRA certificate, and money market). Displayed APR applies to 2012–2016 models with a loan to value up to 100% for new autos and up to 100% of “clean retail” for used autos. Payment example: $1,000 financed for 60 months at 2.50% APR is a payment of $18.00 per month. A $30 documentation fee applies to each loan.

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