Navy Federal Educates Members on Autos
When Navy Federal Credit Union launched its auto buying program, it was important to have a component that would arm members with information that would help them avoid getting into upside-down deals or paying for unnecessary services.
The $44 billion credit union announced the debut of its new program in early February after a soft launch Dec. 1. Features of the new program include low, pre-arranged pricing on or below invoice, auto buying specialists that offer members assistance throughout the buying process, and Navy Federal financing education and dealers contractually committed to not flipping members to other auto finance services, according to the Vienna, Va.-based credit union. The program is free to members.