Rate Loss Challenge | Cedar Point FCU (Lexington Park, MD)

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Take the Rate Loss Challenge

Nope, it’s not a typo! Cedar Point can help you drop some excess rate this holiday season. For one week only, we have an auto loan deal that you won’t want to miss.

Offer valid beginning November 27, 2020.

The Basics

Rates as low as 1.65

At Cedar Point Federal Credit Union, our goal is to help you save on your monthly auto loan payment. Join us for our Rate Loss Challenge and shed that extra rate this holiday season!

  • 1% off your qualifying auto loan rate
  • 30 days to find the perfect car
  • Rates as low as 1.65% APR


Please note that these rates are only valid November 27 - December 4, 2020. Applications submitted during those dates are the only applications eligible to receive the limited time special rates. Any applications accepted before or after those dates will be considered for our regular rates. This offer applied only to auto loans on vehicles up to 10 years of age. Limitations apply. Rates are accurate November 27 - December 4, 2020 only.

Take the Challenge

Beginning the day after Thanksgiving, for one week only, Cedar Point will reduce new and used auto loan rates by one full percentage point for new online and in-person auto loan applications. That’s huge! Whatever low rate you and your vehicle would normally qualify for will be further reduced by a full 1.00% during the promotional period. For example, if you qualify for our lowest new car rate at 2.65% APR, we’ll lock you in at an actual rate of 1.65% APR for the life of the loan! After you apply, your new rate will be valid for 30 days. This allows you plenty of time to shop for that perfect car. If you refinance with Cedar Point, we can help you pay off your old loan and get you on the road to greater savings.

Stop in or apply online November 27 - December 4, 2020, to take advantage of this limited-time offer. These special rates are available for the purchase of new and used autos and for refinancing auto loans that are not already financed through Cedar Point.

What is Refinancing?

In a nutshell, you’re paying off your old loan and taking out a new loan with new terms. This can lower your monthly payment and save you interest expense. In many cases, you also have the opportunity to extend the life of the loan to reduce your monthly payment even more. This is how Cedar Point can help you save. 

Applying is easy

We offer a few quick, convenient ways to apply for loans. You can apply for our auto loans any time of day or night, from anyplace you happen to be! If you apply online, you’ll receive a response within moments of applying. Here are a few ways to apply:

  • Visit any branch
  • Call 800-201-1647
  • Apply online by clicking the button below



What to Prepare

Be sure to bring identification when coming in to apply. If you’ve got a specific car in mind, bring along the VIN number, make, and model. For pre-owned vehicles, have the mileage number with you. Remember, if you're taking advantage of this offer, once we lock in your special limited-time rate, you've got 30 days to find the perfect car.

Auto Loan Rates

View our special limited-time loan rates for new or pre-owned vehicles.  This offer is only valid for applications received from November 27 - December 4, 2020. 

Limited-Time Special Rates on New Vehicles
TermAPR as low asMonthly payment per $1000
36 months 1.65% $28.49
48 months 1.99% $21.69
60 months 1.99% $17.52
72 months 2.25% $14.86
84 months 2.99% $13.21

*Cedar Point will finance based on credit and retail value of the vehicle. See Auto Loan Special Rates for details.

Limited-Time Special Rates on Pre-Owned* Vehicles
TermAge of vehicleAPR as low asMonthly payment per $1000
36 months 1 - 7 years 1.99% $28.64
48 months 1 - 7 years 2.25% $21.80
60 months 1 - 7 years 2.25% $17.64
72 months 1 - 7 years 2.75% $15.08
84 months ** 3.99% $13.66
48 Months 8 - 10 years 3.25% $22.24

*Cedar Point will finance based on credit and NADA retail value of the vehicle. See Auto Loan Special Rates for details.

** Vehicle must be 10 model years or newer at the end of the 84 month term


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