When you’re planning a major purchase such as a car, there are several options to consider. Each situation is unique. Speak to your Member Service Advisor for financial advice that’s in your best interest. 

Calculating what you can afford
Ask your Member Service Advisor to review your financial situation with you, and help you figure out what you can comfortably afford.

Saving for your car
If you have time, consider directing a portion of your pay cheque towards one of the OPPA Credit Union’s high-interest savings accounts. It’s a simple and painless way to save for some or all of the money you need to buy your car.

Financing your purchase
For many people, borrowing to buy a car is a practical option. You gain total ownership of your vehicle and you’re not limited by the mileage restrictions or confusing terms and documentation associated with leasing. With a personal loan, you can make extra payments or pay off the loan at any time without penalty. If you take out an OPPA Credit Union loan, you can also make your loan payments directly through payroll deduction.