From the Teller Line: Auto Loans May Be Key to Your New Car Purchase

Buying a new car can be a time consuming ordeal. No matter what your occupation is, everyone has their own budget and deciding on the right car and the right way to purchase that car is an important decision. Whether you’re buying the vehicle of your dreams or a car to get from point A to point B you may not have the cash to pay upfront.

Auto loans are a practical way to afford a car while still taking care of other financial responsibilities.

Benefits of an auto loan:

  • Ownership– Once you pay off an auto loan you own the vehicle, as compared to leasing which is essentially you paying to rent a car you will never own. Also leasing comes with strict guidelines regarding modification to the vehicle and mileage accrued.
  • Flexibility– Most institutions offer car loan terms of up to 7 years. You have the flexibility to choose the term that best fits your financial situation.
  • Refinancing Benefits– Refinancing your auto loan has many benefits, especially if your original interest rate was higher due to a low credit score that has since improved. An improved credit score will qualify you for a lower, more favorable rate than when you originally obtained the loan.
  • No Collateral needed– No collateral is required to obtain an auto loan. This is because your car will automatically serve as the collateral for the loan.

To learn more about car buying and refinancing join us for our virtual webinar on Saturday, July 18th. Click here to view.

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— Written by James Fleet

The Capitol Hill branch and ATM is temporarily closed.

President's Day

All branches and the call center will be closed on Monday, February 21, 2022 in observance of Presidents’ Day.

Digital Member Support will close at 4 PM on Friday, September 30th. Online banking and ATMs are available 24/7. Our apologies for any inconvenience. 

Closure Notice

Due to inclement weather all Signal Financial branches are closed today. ATMs, mobile and online banking services are fully operational 24 hours a day and 7 days a week.

Digital Member support will close at 12 PM on Saturday, October 1st. Online banking and ATMs are available 24/7. Our apologies for any inconvenience.

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Presidents’ Day Closure

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The Capitol Hill, City Center and Leisure World branches will be closed on Thursday, December 30th, 2021. We apologize for any inconvenience. Have a safe Holiday!

Christmas Holiday Closures

All branches and the call center will be closed on Tuesday, October 4, 2022 and Tuesday, October 4, 2022 in observance of the Christmas holiday.

Thanksgiving Holiday Closures

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Veterans Day Holiday Closure

All branches and the call center will be closed on Friday, November 11, 2022 in observance of the Veterans Day holiday.