Member Savings Stories

More Money in Your Pocket

Get a better deal

Give us the opportunity to see if we can get you a better deal on your new or existing auto and real estate loans. One way we can help you keep more of your hard earned money in your pocket is to make sure you have the best financing on your loans—saving you money on your monthly payments and total financing costs.

How much could you save?

Member Savings: $7,701

Diana and Thomas came in to talk to Mike in Consumer Loans about opening a new Hiway Visa® card. While he was processing the application, Mike noticed that they had an auto loan with Toyota. It turned out they were paying a rate of 18.85% APR* with a 72 month term.

Mike was able to refinance their loan at a rate of 5.00% APR* with a 72 month term for a savings of $7,701 in finance charges. In addition, they were able to switch their GAP protection to Hiway and add Mechanical Breakdown Insurance to protect their vehicle.

Reported on 03/15/2016 by Hiway Consumer Lending

Member Savings: $1,150

Hugh in Consumer Loans was talking to Peter about refinancing his auto loan and learned he was paying a rate of 3.79% APR* with a 58 month term. Hugh told Peter he was sure we could save him money if he refinanced with Hiway.

Hugh let Peter know we could refinance his loan at a rate of 2.48% APR* and reduce the term to 56 months, saving him $1,150. Peter was so happy with the savings that he came in on his birthday to sign his loan documents.

Reported on 04/10/2013 by Hiway Consumer Lending

Member Savings: $4,862

While speaking to Anne, Casey in Consumer Loans learned that she had recently purchased a new vehicle and financed it with a national bank at a rate of 6.00% APR* with a 67 month term. Casey knew we could probably save Anne a lot and let her know about our current rates.

After Casey ran the numbers, she let Anne know that we could refinance her loan at a rate of 2.74% APR* with a 60 month term. Anne was very excited to learn that this would save her $4,862!

Reported on 03/01/2013 by Hiway Consumer Lending

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Member Savings: $891

Susan recently applied for a Fast Credit Line at Hiway. Mary in Consumer Loans contacted Susan to let her know she qualified and then asked her if she currently had an auto loan we might be able to save her money on.

It turned out that Susan had financed her vehicle at a rate of 4.99% APR* with 58 months left on the term. Mary was able to reduce Susan's rate to 2.49% APR* with the same 58 month term, saving her $891.

Reported on 01/17/2013 by Hiway Consumer Lending

Member Savings: $3,436

Laura came in to Hiway a few weeks ago to check on our auto loan rates, but didn't want to do anything at that time. Karen in Consumer Loans gave her a follow-up call to see if Laura had any further questions and found out that she had recently purchased a vehicle in August.

When Laura said she had financed her vehicle at a rate of 5.9% APR* with a 72 month term, Karen knew we'd be able to save her money if she refinanced. In the end Karen was able to reduce Laura's rate to 2.49% APR* with a 60 month term, saving her $3,436. So, she is saving money on interest and paying off her vehicle a year earlier.

Reported on 10/15/2012 by Hiway Consumer Lending

Member Savings: $1,247

Anna had applied for a loan pre-approval with Hiway prior to doing her search for a new auto. When Casey in Consumer Loans gave her a follow-up call to see how the search was going, she found out that Anna had financed with the dealer at a rate of 3.99% APR* with a 60 month term.

Casey let her know that we could refinance her at a lower rate. However, Anna said she had financed with the dealer to get a rebate and thought she had to stay with them for three months. Casey had Anna call the dealer to see if there was a penalty for refinancing and was able to confirm there wasn't. This was great news because Casey was able to reduce Anna's rate to 2.49% APR* with a 60 month term, saving her $1,247.

Reported on 09/28/2012 by Hiway Consumer Lending

Member Savings: $2,647

Tou came in with his sister to co-sign with her for a loan and met with Hugh in Consumer Loans. During the process Hugh discovered that Tou had an auto loan with a national bank at a rate of 9.00% APR* with a 56 month term.

Hugh did some calculating and told Tou how much we could save him by refinancing his auto loan with us. We were able to reduce his rate to 4.25% APR* with a 50 month term, saving him $2,647.

Reported on 08/10/2012 by Hiway Consumer Lending

Member Savings: $3,755

Bill came into Hiway with some questions about trading in his car since he had recently purchased a new car for his wife. Casey in Consumer Loans asked Bill if he knew what rate he was getting and he replied that he wasn't sure, but that he'd let her know.

Casey found out that Bill had financed with a national bank at a rate of 7.34% APR* with a 72 month term. Casey was able to refinance his auto loan to 2.49% APR* and reduce the term to 60 months for a savings of $3,755. Bill came in the next day with all of his paperwork and Casey was able to get everything finalized within 30 minutes.

Reported on 07/31/2012 by Hiway Consumer Lending

Member Savings: $1,140

While speaking to Crista, Katelyn in Consumer Loans asked her if she had any auto loans we might be able to refinance to save her money. It turned out that Crista had an auto loan with a local bank at a rate of 15% APR*. The reason that the bank gave for giving her such a high rate was because it was her "first auto loan" with them.

Crista agreed to see how much we could save her, so Katelyn started a loan application for her. Katelyn was able to refinance Crista's auto loan at a rate of 7.75% APR* and save her $1,140.

Reported on 06/08/2012 by Hiway Consumer Lending

Member Savings: $5,118

Pete was getting ready for the boating season and called in to check on our boat loan rates. While helping Pete get pre-approved for a new boat loan, Katelyn noticed that he had three auto loans that he could save money on by refinancing with Hiway.

Pete was currently paying 6.00% APR*, but he qualified for a rate of 2.49% APR* with Hiway. He decided not to refinance one of his auto loans since he was paying it off in a week, but Katelyn was able to save him $5,118 on the remaining two.

Reported on 05/01/2012 by Hiway Consumer Lending

Member Savings: $6,383

Collette recently financed a 2012 Ford Edge through the dealership at 6.99% APR* for a 72 month term after they offered her an extra $1,000 rebate. She had also wanted to place $18,000 down on the deal, but the dealership told her not to.

Luckily she contacted us and Judy in Consumer Loans was able to give Collette a much better deal. Collette placed the $18,000 down that she had wanted to previously and Judy refinanced the loan for the smaller amount at 4.00% APR* for a savings of $6,383.

Reported on 03/22/2012 by Hiway Consumer Lending

Member Savings: $5,030

David came into Hiway after purchasing a 2012 Chevrolet Silverado and financing with the dealership at 6.99% APR* for a 84 month term. He simply wanted to make sure that his previous auto loan with us was paid off, but he ended up leaving with a great deal after talking to Judy.

Judy worked with David and was able to refinance his auto loan at 4.00% APR* and reduce the term to 72 months for a total savings of $5,030.

Reported on 03/19/2012 by Hiway Consumer Lending

Member Savings: $5,629

We checked in with Mark to see if we could save him some money on his current auto loan. He thought he was currently paying 4.00% APR*, but said he'd check and then get back to us. It turns out that he was actually paying 5.90% APR* for 65 months on his 2011 Cadillac SRX.

Deedra was able to work with Mark and refinance his loan at 2.49% APR* for a 60 month term. He was also able to save money by switching his GAP coverage to us as well for a total savings of $5,629.

Reported on 03/07/2012 by Hiway Consumer Lending

Member Savings: $3,371

Courtney purchased a 2011 Chevy Equinox back in November and was paying 4.75% APR* for a 72 month term. She'd also purchased GAP protection for $1,200 thinking it seemed like a good price for the service.

Luckily Katelyn checked in with Courtney after she'd only made a couple payments. After getting her loan details, Katelyn was able to refinance the loan at 2.49% APR* for a shorter term of 60 months. Not only that, but she was able to purchase GAP protection for $329. When all was said and done, we were able to shave a year off her payments and save Courtney $3,371.

Reported on 02/15/2012 by Hiway Consumer Lending

Member Savings: $6,759

Nancy came into the credit union to speak to Dennis in Investments about repairing her credit with the ultimate goal of purchasing a home. During her conversation with Dennis, he suggested that she check with Consumer Lending to see if they would be able to help her with her current car loan.

Nancy purchased a 2007 Mazda 5 back in May of 2011 because her current vehicle was breaking down a lot and she needed something more reliable. She was in a bit of a bind at the time and ended up financing through the dealer at 21.57% APR* for a 72 month term.

After meeting with Judy, Nancy was able to get her loan refinanced at 11.00% APR* for a 60 month term for a total savings of $6,759. Now she's back on a smooth path to improving her credit and achieving her goals!

Reported on 02/14/2012 by Hiway Consumer Lending

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We make it easy

Take a look at the Hiway loan options available to you-we make it easy to apply online or by phone. If you're looking for guidance, give one of our Loan Representatives a call at 651.291.1515 or 800.899.5626. We're happy to help answer any questions you might have.

Take a few minutes and contact us today to see how much money we can save you!

*Annual Percentage Rate

All names have been changed to protect the identity of our members, while reflecting actual scenarios. Every member has unique circumstances, your experience may be different.

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