The more you know about vehicle pricing and the buying process, the better you are able to negotiate a good deal and save money. JHFCU has several options that can help you find the vehicle you want at a price you can afford.
With the Motor Vehicle Certification Program (MVCP), you can obtain pricing information on new cars before you even visit the dealership. You can receive information on the actual invoice price, plus up-to-date information on rebates and incentives. MVCP also has a network of dealers who will honor pre-established pricing. When you request that option, the MVCP consumer advisor will send you a certificate (or certificates) for dealers offering special pricing (or you can print one off their website), and you can double check your price once you visit the dealer. For more information, call MVCP at 410-522-5000 or 1-800-345-0990, or you can visit their website at www.mvcp.com.
JHFCU also offers members access to Web Carbook, where you can look up
prices for new vehicles and options, research used cars values, compare
vehicles, or find out vehicle safety information. You can even request
a quote for your vehicle from area dealers. To access Web Carbook, click
here.
One of JHFCU's many partnerships is with Enterprise Car Sales. Enterprise offers features such as a no-haggle price system, 7-Day repurchase policy, limited powertrain warranty, and more. They also occasionally offer special rebates if you finance through JHFCU, too. For more information about Enterprise, please visit their website at www.enterprise.com/carsales.
Several new car dealerships also advertise with JHFCU and offer special consideration to JHFCU members. The list of dealers and contact information can be found on the back page of our Money Matters newsletter, available in all of our branches and online.
Some dealerships can offer JHFCU financing on-site. This is an added convenience for members who want a JHFCU loan. However, applying and closing your loan directly with JHFCU offers some advantages, such as allowing us to verify the price/value of the vehicle and to set up convenient repayment options.
Found the car of your dreams, but can’t make it to a JHFCU branch for a low-rate vehicle loan? No worries – now you can get that same low-rate JHFCU loan right at the dealership!
JHFCU now offers an on-the-spot lending program with select dealerships throughout Maryland. What does this mean for you? Extra Convenience! Now, instead of going back and forth between the dealer and the Credit Union, you can get all the paperwork done at one place, at the same time.
To find out which dealerships offer JHFCU car loans, you can access our
JHFCU's Participating
Lender Dealer List (PDF), which contains a list of participating dealerships
and links to their website or location information.
For further consumer information about the buying process and more, click on one of the learning guides below:
Please note that the information provided by these learning guides have been made available to assist you as a self-help tool for your independent use. JHFCU cannot guarantee their accuracy or validity to your circumstances. We encourage you to seek advice from qualified professionals regarding all personal finance issues.
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