--- title: Get Lower Payments on a Better Car description: By financing only for the time that you plan to use the vehicle, a Better Than a Lease loan works in a similar fashion to a lease program. image: https://go.hfcu.org/hubfs/images/mwisdom_blog/SPR16_images_ARTBOARDSarticle2.jpg --- [![MoneyWisdom_HFCU_r2](https://go.hfcu.org/hs-fs/hubfs/MoneyWisdom_HFCU_r2.png?width=464&name=MoneyWisdom_HFCU_r2.png "MoneyWisdom_HFCU_r2")](https://go.hfcu.org/blog) Filter by Category** - [Show All](https://go.hfcu.org/blog) - [Security](https://go.hfcu.org/blog/topic/security) - [Personal Finance](https://go.hfcu.org/blog/topic/personal-finance) - [Auto](https://go.hfcu.org/blog/topic/auto) - [Business](https://go.hfcu.org/blog/topic/business) - [Credit Score](https://go.hfcu.org/blog/topic/credit-score) - [Home](https://go.hfcu.org/blog/topic/home) - [Credit Cards](https://go.hfcu.org/blog/topic/credit-cards) - [Life Changes](https://go.hfcu.org/blog/topic/life-changes) - [Insurance](https://go.hfcu.org/blog/topic/insurance) - 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[Pets (1)](https://go.hfcu.org/blog/topic/pets) - [dormant account (1)](https://go.hfcu.org/blog/topic/dormant-account) - [inactive account (1)](https://go.hfcu.org/blog/topic/inactive-account) # Get Lower Payments on a Better Car ** [MoneyWisdom Newsletter](https://go.hfcu.org/blog/author/moneywisdom-newsletter) ** Apr 21, 2016 ![](https://go.hfcu.org/hubfs/images/mwisdom_blog/SPR16_images_ARTBOARDSarticle2.jpg)  “We had a young family and it was really important to me that my wife had a safe car to drive,” said Hanscom FCU member and Marketing VP Steve Silva. “The challenge would be to find a safe and reliable car at a price point we could afford.” For the Silva family, Hanscom FCU’s [Better Than a Lease](https://go.hfcu.org/blog/want-a-lower-car-payment-try-better-than-a-lease) loan was the answer. “It allowed us to own the car while enjoying the lower payments that come with a lease,” Steve said. ![article_quoteart](https://go.hfcu.org/hs-fs/hubfs/images/mwisdom_blog/article_quoteart.gif?width=273&height=344&name=article_quoteart.gif "article_quoteart.gif")By financing only for the time that you plan to use the vehicle, a Better Than a Lease loan works in a similar fashion to a lease program. Payments are typically 30% lower than traditional loans with the same term. Buyers can choose low or no down payments and will not pay security deposits, initial fees or penalties for early payment. The title is in your name – not the dealer’s – and you can use Better Than a Lease to purchase new or used cars, trucks or SUVs. When the term of the loan ends, you have four choices: 1. Return the vehicle. We’ll take care of the loan balance for you. 2. Keep the car and refinance. We have the same rates for new or used. 3. Trade in the car to a dealer and realize any equity you have built up. 4. Sell the car privately and pay off the balance. Any profit is yours to keep. “Since those baby days, we have taken advantage of this program a few times. We now have three growing boys and find ourselves driving many friends and hauling lots of sporting equipment,” Steve said. “While the kids have grown and the cars have changed, safety and reliability remain a top priority. The [Better Than a Lease loan](https://www.hfcu.org/loans-and-credit-cards/better-than-a-lease.html) was a great way for us to meet our needs,” said Steve.   To learn more about the Better Than a Lease program, visit **[www.hfcu.org/lease](http://www.hfcu.org/lease)**, or stop by a branch and speak to a representative.   ** [Auto](https://go.hfcu.org/blog/topic/auto) [** Good credit karma comes from good credit habits. ](https://go.hfcu.org/blog/bid/155814/good-credit-karma-comes-from-good-credit-habits) [** Why an IRA Might Be Right for New Grads ](https://go.hfcu.org/blog/iramayberightforyou) ### About Author ![Default Author Image](https://cdn2.hubspot.net/hubfs/476360/Blog%20Template/Images/default-author-thumbnail.jpg) MoneyWisdom Newsletter Related Posts [![5 Surprising Ways You Overshare Your Personal Information](https://go.hfcu.org/hubfs/Protect%20Your%20Privacy%205%20Surprising%20Ways%20You%20Overshare%20Your%20Personal%20Information.png) 5 Surprising Ways You Overshare Your Personal Information ](https://go.hfcu.org/blog/protect-your-privacy-5-surprising-ways-you-overshare-your-personal-information) [![How To Get Lower Car Lease Payments](https://go.hfcu.org/hubfs/How%20To%20Get%20Lower%20Car%20Lease%20Payments.png) How To Get Lower Car Lease Payments ](https://go.hfcu.org/blog/how-to-get-a-better-car-lease-option) [![How To Refinance Your Car Loan](https://go.hfcu.org/hubfs/older%20couple%20looking%20at%20car%20refinancing%20terms%20on%20tablet.png) How To Refinance Your Car Loan ](https://go.hfcu.org/blog/should-you-refinance-your-car-loan) ** - [**](http://www.facebook.com/share.php?u=https://go.hfcu.org/blog/lowerpaymentsbettercar/) - [**](https://X.com/share?url=https://go.hfcu.org/blog/lowerpaymentsbettercar/) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://go.hfcu.org/blog/lowerpaymentsbettercar/&summary=&source=CeBIT) ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** The website you are about to visit is solely the responsibility of the merchant or other party providing the site. 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The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ### Comment ### Subscribe To Blog ### Subscribe to Email Updates ### contact **Hanscom Federal Credit Union** 1610 Eglin St. Hanscom AFB, MA 01731 Call us: [800-656-4328](tel:8006564328) [https://www.hfcu.org/](https://www.hfcu.org/) ### About Us [The MoneyWisdom Blog](https://www.hfcu.org/the-moneywisdom-blog.html) ### Social ** ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### https://www.facebook.com/HanscomFederalCreditUnion The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### https://X.com/HanscomFCU The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### https://www.instagram.com/hanscomfcu/ The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### https://www.linkedin.com/company/hanscomfcu/ The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### http://www.youtube.com/c/HanscomFederalCreditUnion The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ### Popular Posts [What You Need to Know About Putting Your Home in a Trust](https://go.hfcu.org/blog/what-you-need-to-know-about-putting-your-home-in-a-trust) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/Untitled%20design%20-%202022-02-10T072804.753.jpg) [What You Need to Know About Your Federal Tax Bracket](https://go.hfcu.org/blog/what-you-need-to-know-about-your-tax-bracket) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/Untitled%20design%20-%202021-03-22T123305.900.jpg) [6 Boat Types to Get on the Water](https://go.hfcu.org/blog/6-boat-types-to-get-on-the-water) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/images/Jet_Ski.jpg) [23 Organizations Dedicated to the Needs of Seniors](https://go.hfcu.org/blog/23-organizations-dedicated-to-the-needs-of-seniors) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/Senior%20citizens.jpg) [9 Smart Moves for Lottery Winners](https://go.hfcu.org/blog/lottery) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/images/lottery_winner.jpg) ### Recent Posts - [![National Credit Union Administration](https://go.hfcu.org/hs-fs/hubfs/NCUA-logo-small.png?width=95&name=NCUA-logo-small.png) ](https://www.ncua.gov/) [![Equal Housing Lender](https://go.hfcu.org/hs-fs/hubfs/EHL-logo-small.png?width=65&name=EHL-logo-small.png)](https://www.hud.gov/fairhousing) - @ 2023 [Hanscom Federal Credit Union](https://www.hfcu.org/) - Federally insured by the National Credit Union Administration. - [Privacy Policy](https://www.hfcu.org/content/docs/Privacy_Notice.pdf) **Disclosure:** Hanscom Federal Credit Union does not provide and is not responsible for any products, services, or overall website content available at any third-party sites linked within this blog. 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Please consult the privacy disclosures on those linked sites for further information. ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "MoneyWisdom Newsletter" }, "dateModified" : "October 26, 2020, 6:58:33 PM", "datePublished" : "2016-04-21 12:15:29", "description" : "By financing only for the time that you plan to use the vehicle, a Better Than a Lease loan works in a similar fashion to a lease program.", "headline" : "Get Lower Payments on a Better Car", "image" : { "@type" : "ImageObject", "url" : "http://cdn2.hubspot.net/hubfs/118438/images/mwisdom_blog/SPR16_images_ARTBOARDSarticle2.jpg" }, "mainEntityOfPage" : { "@id" : "https://go.hfcu.org/blog/lowerpaymentsbettercar", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://cdn2.hubspot.net/hubfs/118438/Logo%202.jpg" }, "name" : "Hanscom Federal Credit Union" } } ```