Wescom Rings in the New Year by Launching a Special Green Vehicle Loan Discount

The 0.25% APR* auto loan discount encourages members to drive greener, helping the planet as well as their wallets

PASADENA, Calif.–(BUSINESS WIRE)–Southern California-based Wescom Credit Union has announced a Green Vehicle Loan discount for the purchase or refinance of a qualifying electric or hybrid vehicle. This 0.25% APR* discount is on top of Wescom’s already low auto loan rates.

“Wescom’s mission is to build better lives for Southern Californians and through this new Green Vehicle Loan discount initiative, we are able to promote sustainability while having a positive impact on our members’ wallets,” noted Jeff Smrcka, Vice President, Consumer Lending of Wescom Credit Union. “We know that many of our members – particularly our Millennial and Gen Z members – are concerned about the environment, so offering this corresponding loan discount is an additional way we can assist them in living their values every day.”

Anyone who qualifies to open an account with Wescom may apply for an auto loan with Wescom to take advantage of this 0.25% APR loan discount on the purchase or refinance of a qualifying electric or hybrid vehicle, with a minimum loan amount of $10,000. Wescom membership is also open to anyone who lives, works, worships, or attends school in Southern California, family members of a Wescom member, and individuals affiliated with, or support, UCLA outside of Southern California. Additional key benefits of buying or refinancing vehicles with Wescom include:

  • No payments for 90 days
  • Up to a 7-year or 84-month term to help lower the monthly payment
  • An additional 0.50% APR discount by insuring the vehicle with Wescom
  • Contactless car-buying services offered through TrueCar or Autoland
  • Faster financing with Wescom’s Auto Express Loan Check program, enabling members to enjoy an efficient and seamless dealership buying experience

Wescom is proud to be a forward-thinking lender offering a loan discount to help individuals afford the purchase or refinance of a Green Vehicle. Southern California is one of the biggest markets for electric vehicles1 and on the state level, California is at the forefront of the electric vehicle movement and pushing for a zero-emission future by 2035. With fully electric vehicle sales exceeding fifteen percent of all new vehicle sales in California in mid-20222, Wescom’s Green Vehicle Loan discount initiative is a perfect fit for Southern Californians looking to be more environmentally conscious in the new year.

For more information or to apply for a Wescom vehicle loan, qualified members are encouraged to visit any Wescom branch or the Credit Union’s website.

About Wescom Credit Union

Since 1934, Wescom Credit Union has been dedicated to helping people throughout Southern California build better lives. Headquartered in Pasadena, California, Wescom has 24 branches and offers advanced digital banking tools to provide essential banking solutions to more than 200,000 members. Benefits include free checking with eStatements, lower loan rates, higher savings yields, reduced fees, and a robust network of branches and ATMs. #WescomKindness is an extension of Wescom Credit Union’s more than 88-year tradition of serving its community through such programs as The Wescom Foundation – the Credit Union’s employee-run charitable foundation. Wescom is federally insured by NCUA. For more information, please visit wescom.org.

*APR=Annual Percentage Rate. Must meet membership and account criteria. The 0.25% APR discount is applied to your approved auto loan rate. Loan must be for qualifying electric or hybrid vehicles to receive the 0.25% APR discount. $10,000 minimum loan amount. The no payment for up to 90 days option is available for qualified borrowers and for loan terms up to 72 months only. Finance charges begin to accrue immediately and are repaid over the life of the loan. As a result, you may pay higher total finance charges on the loan than if repayments began earlier. Terms and conditions apply and all loans subject to approval.

Insurance services offered through Wescom Credit Union, CA Ins. Lic. #0D64850. Wescom is neither affiliated with Autoland nor TrueCar.

1 https://abc7news.com/california-automotive-industry-electric-vehicles-ev/10902654/
2 https://www.greencarreports.com/news/1137003_ev-sales-crack-15-of-vehicle-market-in-california-tesla-continues-to-dominate

Contacts

Audrey Chittick

GRAIL for Wescom Credit Union

achittick@grailbrands.com

Related Posts

Vontier Showcases Recent Innovations

Innovations highlighted at three key conferences: Retail Technology Conference and ACT Expo in the U.S. and UNITI Expo in Germany