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Auto Leasing

Affordable and Flexible Financing
There’s another way to pay for your new car

Cars can be expensive to buy and maintain. Leasing is a financing alternative to traditional vehicle loans. Leasing offers flexibility, affordable payments, and shorter commitments that can be beneficial and sometimes less costly for people who want to drive a new vehicle.

Does TEG Federal Credit Union offer auto leasing? Yes, we do! Some of our dealers in our preferred dealer network have leasing options available and even offer special incentives to make leasing more affordable. These specially selected dealers will assist you from start to finish.

Many car shoppers like the ability to afford the latest and greatest models without a big cash down payment. So, if you like to drive a new car every few years and drive less than 15,000 miles per year, then leasing may be a great car-buying option for you. With a lease, you are essentially renting the car for a fixed amount of time (typically 36 to 60 months). Monthly payments are typically lower, so people can stay within their budget and enjoy their new car without breaking the bank.

No or low down payment

Lower monthly payments

Lower maintenance and repair costs

Lower sales tax (applies only to lease term)

Manufacturer’s warranty (for lease term)

Upgrade to a newer model every few years

No concerns about depreciation or losing value

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At TEGFCU, your best interests have always been our focus. As a better alternative to banks, our mission is simple, to help you get to a better place financially.

Membership is open to anyone (and their immediate families) who lives, works, worships, or attends school in Dutchess, Orange, Ulster, Putnam, Rockland, Sullivan, and Westchester County, NY. A $5 minimum deposit opens the door to all the benefits of being a valued TEGFCU member.

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