Members of the $2.2 billion First Tech Credit Union will have access to a quarter-point annual percentage rate reduction for green car financing through an alliance with the U.S. Environmental Protection Agency.
After pre-qualifying for a green auto loan with the Beaverton, Ore.-based First Tech, members can choose from more than 1,500 emission- and fuel-friendly cars, including hybrid and hydrogen vehicles, on the EPA's SmartWay program list. First Tech's discount is good on all SmartWay certified cars with a maximum of 100,000 miles.
"We created our green auto program to save our members some 'green' as a bonus for choosing an environmentally friendly vehicle," said Deborah Colby, First Tech vice president of marketing. "And with the additional tax incentives offered by the federal government, purchasing a green car or hybrid vehicle is a really smart financial decision."
Members can apply for the green auto loan at any of First Tech's 17 branches in Oregon and Washington or work directly with their local CUDL dealership or Autoland representative.