Purchasing a three or five year old fleet / lease car is one of the best values in the marketplace. The savings can be as much as 50% below the manufacturer's original price! However, the purchase still has to be paid for, and most of us don't keep that kind of money in our personal checking account.
Fortunately most banks and credit unions give these cars the same preferential financing treatment as new cars. Interest rates are typically the lowest they offer, with financing up to 60 months. Below are links to some of the banks and credit unions who have financed cars for our customers. You're also welcome to use any bank you already do business with.
Importantly, we will be also be happy to hold the car for you that you wish to purchase while you're waiting for the financing paperwork to get processed. Give us a ring to ask for details on this.
Exchange National Bank
Exchange National Bank is the oldest bank in Kansas (dating to 1857) and regularly provides car loans for our customers throughout NE Kansas and Kansas City. CURRENT RATES as low as 3.25% for 48 months with approved credit. Ask for Rick Schneider or Kaylene Rindom when you call 913-682-2265 or apply online here.
Commerce Bank is one of the few remaining locally owned and locally managed banks. Commerce has branches all over Missouri & Kansas. Their branch managers live locally in the community and often participate as leaders in local civic clubs and charities. Their staff stay at the same bank for many years, so its easy to get to know them personally. This is truly rare in banking!
Frontier Community Credit Union
Have you ever been a member of a locally owned credit union? If not, you've missed one of life's great blessings! Frontier is Leavenworth based, and is actually owned by those who have accounts with them. You can become a member by depositing $25 into a savings account with them. Credit decisions are made by local staff members who also live here in the Leavenworth area. Auto rates are typically among the lowest in the area. A locally owned credit union is a great place to go if you're just getting started on building your positive credit history.
Community America is a large regional credit union based in Kansas City area. They have 28 branches in the Kansas City area alone. Community America offers "pre-approval" of auto loans at low competitive interest rates, so this is a great place to stop in if you're not sure what you can afford.