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RALEIGH, N.C. – State Employees’ CU has partnered with Hertz Car Sales to make quality, late-model used vehicles available to the CU’s more than one million members to buy at a reasonable cost. In addition, the $12 billion SECU has taken further steps to make it easy for members to purchase these vehicles. Hertz Car Sales offers used vehicles at low fixed rates priced at or below NADA retail value. A variety of makes and models are available for sale, and most vehicles are recent year models with less than 50,000 miles on the odometer. Hertz provides past vehicle service records for review before purchase, and each vehicle is backed by a 12 month/12,000 mile limited powertrain warranty and a 5-day/500 mile customer satisfaction policy. On its end, SECU has increased the maximum loan amount for its Basic Transportation Loan to $15,000 if members purchase a vehicle from the company. This loan has a current rate of 4.75% with 100% financing and it’s designed with “liberal” underwriting guidelines for members in need of a primary vehicle. In addition, members purchasing a car through Hertz will receive a $300 Member Vehicle Cash Back Bonus deposited in their share account when completing and returning an SECU Exit Survey. For members’ additional convenience, SECU plans to provide loan officers on site at some Hertz locations for members who would like immediate financing.

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