At DuGood, we allow our members to finance their new vehicle for up to 84 months. Other terms are dependent on the age of the vehicle. Check out our rates page for current terms.
A shorter term payment plan is a good fit if you want to pay less in interest and save more money. But if a lower monthly payment is more important, a longer term payment plan might be the best fit for you.
Leasing a car allows you to drive a vehicle without making a large down payment or taking out a loan. There are restrictions including mileage. While you’re leasing, you'll make monthly payments directly to the dealership. When your lease expires, you can return the car or choose to buy it.
Buying a car is typically a better investment long term. Although your down payment and monthly payment might be higher, you can drive your vehicle without restrictions. Once you've paid your loan, you are the owner of your vehicle.
Credit Life and Disability Insurance is not required to fund your auto loan. However, it’s a great product to have. If you become sick, disabled, or pass away; it will take care of your loan payments.
Vehicles can depreciate in value. If you’re in an accident and your insurance company doesn’t cover the total loss, GAP Insurance will pay the remaining balance on your loan.
DuGood does require you to make an appointment at least 1 business day in advance in order to have a title released upon payoff of a loan. The titles are not kept in our branch locations and must be retrieved first.
Normally, DuGood requires holding your title for 10 days after the loan is paid in full. Once the 10 day hold period is up, the title is sent to you at your address on file. An exception can be made if you are selling the vehicle and are paying the loan off with cash or certified funds.
If you have any questions or would like to set an appointment, call our Lending Center at (409) 899-3430 extension 249.