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Get a Car on Your Terms

Do you dread shopping for a vehicle? High pressure sales tactics and lack of preparation before you hit the showroom can create stress and end up costing you a lot of money. Try these time and money-saving strategies the next time you are in the market for a new or used vehicle:


  • Research the vehicles you are interested in. Consumer reports and similar online and printed publications can help you find a vehicle that is reliable and has features that are important to you.

  • Once you have narrowed your selection down to one or two models, do an online search to see how much they are selling for in your area. Visit our vehicle loan page for information about the free Motor Vehicle Certification Program (MVCP) that Dover Federal offers to its members, which will assist you in the buying process of your next car or truck. MVCP eliminates the frustrations of purchasing a new or used vehicle by saving you time and money when shopping. The MVCP advisors provide an estimated trade-in value, and with MVCP, you are price protected. Contact MVCP at 800-345-0990 or www.mvcp.com.

  • Do not let a seller create a false sense of urgency. If you are unsure about a purchase, tell them you are going to "sleep on it". There are always good deals available on vehicles, so there is no hurry.

  • Call your auto insurance company and get an estimated cost for insuring the vehicle you are interested in. Once you have a specific vehicle in mind, your insurer should be able to give you a firm price if you provide them with the VIN (vehicle identification number).

  • If you are buying a used vehicle, obtain a vehicle title check, and history report from a company such as Carfax.com before finalizing the purchase. You may pay a small fee for this report, but it is worth it for peace of mind.

  • If you will be financing all or part of your purchase, get pre-approved for your auto loan before you go shopping. You can apply for your loan in a matter of minutes online with Dover Federal by clicking here, or by calling 302-678-8000 or toll-free 888-818-3328.


Low Cost Financing or a Rebate

Find out which is the better value for you: Low Cost Financing or a Rebate

If you finance:

Vehicle Price: $20,000.00
Cash rebate: $3,000.00
Final Vehicle Purchase Price: $17,000.00
Loan Term: 36 Months
Special Interest Rate: 3.0%
Total Cost: $17,797.70 with Dover Federal's Loan and Rebate
Total Cost from Dealer: $20,000.00 with 0% Financing and No Rebate
Winner: Low Rate Loan from Dover Federal with the Rebate for a Savings of $2,202.30!

If you purchase:

Vehicle Price: $40,000.00
Cash rebate: $6,000.00
Final Vehicle Purchase Price: $34,000.00
Loan Term: 36 Months
Special Interest Rate: 3.0%
Total Cost: $35,595.40 with Dover Federal's Loan and Rebate
Total Cost from Dealer: $40,000.00 with 0% Financing and No Rebate
Winner: Low Rate Loan from Dover Federal with the Rebate for a Savings of $4,404.60!

To calculate the savings on your next automobile purchase, use this handy rebate vs. low cost financing calculator:

Should I take a rebate or low-cost financing?


Vehicle Resource Center

Please visit our Vehicle Resource Center for more information on money saving ideas and offers.

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Dover Federal Credit Union is an Equal Opportunity-Affirmative Action employer.