• Financing for cars up to nine years old
• Over 7 years to repay
• Low interest rates
• Up to 87% financing
• Obtain insurance on the spot
• Insurance premium financing available

July special – get a lower interest rate plus a gift of $5000 in cash. Offer expires July 31, 2010.

For more information about securing a car loan through AIM Financial Corporation Ltd., please call 906-0534, or email aimfinancial@cwjamaica.com

Yesterday’s Sunday Gleaner has a new C&WJ Credit Union Motor Car Loan ad which speaks to the fact that financing your car through them is now more affordable, with interest rate starting at 16.5% p.a. on the reducing balance.

They finance motor cars up to ten years old, and share equity starting at 10%. Conditions apply.

Additional details:

• Group insurance scheme coverage and insurance premium financing available.
• Free loan protection coverage (up to $1 million)
• Free life savings insurance (up to $700,000)

C&WJ (Communications & other Workers of Jamaica) Co-operative Credit Union Ltd. Visit the nearest branch (Kingston, St. Ann’s Bay, Mandeville or Montego Bay), or calll 936-3800 for more details. You may also email cwjcu@cwjamaica.com

• 16.95% interest rate
• 95% financing *
• 84 months to repay *
• $10,000 cash for gas *
• 100% financing on the cost of installation and one year’s subscription on a vehicle tracking system
• Monthly payments as low as $20,406.92 **

** Based on a loan amount of one million dollars.
* Conditions apply.

For more information, call 1-888-4SCOTIA or visit your nearest ScotiaBank branch.

• 19.75% interest rate (offer good from December 16, 2009 to March 31, 2010 – Conditions apply)
• 95% financing
• 84 months to repay
• $10,000 ‘cash for gas’

For more information, please call 1-888-4SCOTIA, or visit your nearest ScotiaBank branch.

More details from the ad:

• First Global gives you more where it counts
• As low as 19.75% p.a. (conditions apply; rates are subject to change) and US$ loan rates as low 12.25% p.a.

For more information, visit First Global Bank today, or email fgb@gkco.com

Details:

• Interest rate starting at 20% p.a. (reducing balance)
• We finance motor cars up to ten years old
• Share equity starting at 10%
• Group insurance scheme coverage and insurance premium financing available
• Free loan protection coverage (up to $1 million)
• Free life savings insurance (up to $700,000)

For more details, contact any branch of the C&WJ (Communications & Other Workers of Jamaica) Co-operative Credit Union Ltd. or by calling 936-3800.

“Please be advised that effective Tuesday, November 10, 2009 all car loan payments will be collected at the offices of AIM Financial Corporation Limited, 19 West Kings House Road, Kingston 10, situated opposite to the offices of Fortune Corporation Limited. Thank you for your co-operation.

Signed Management
Fortune Corporation Limited“

Last week, First Caribbean International Bank Jamaica Limited (FCIBJ) began offering existing car owners a refinancing loan for cars no older than two years, as well as short-term financing for insurance and vehicle licensing of up to $450,000. The insurance and vehicle-licensing loan will be no more than these expenses cost, and must be repaid in 11 months, but is renewable at the end of the period. The facility is intended to “ease the cash flow” of recipients.

Last month, COK Cooperative Credit Union began marketing 100 per cent financing offers for cars again, a product which fell off the marketing radar earlier this year. For 2009 and 2010 cars, it is offering an interest rate of 19.95 per cent, with five years to pay. It is also offering 75 per cent financing for insurance at the same 19.75 rate.

At Scotiabank, a special rate of 19.25 per cent was on offer to October 31. Also, as Christmas approaches, ScotiaBank has reintroduced a rate of 19.75 per cent for new cars, along with cool payment terms up to 72 months or six years, a pre-approved Magna Mastercard or Gold Mastercard credit card, and creditor life-insurance coverage of up to $7.5 million.

Since September of this year, National Commercial Bank (NCB) began marketing its special 19.75 per cent rate for new and used motor vehicles, which includes “no principal payments” for up to three months.

Look out for more car loan specials and decreased rates as the Christmas season approaches.

The National Commercial Bank (NCB) is keen on guiding Jamaicans in understanding the auto industry more, by providing valuable tips that you can use to guide you in dealing with issues related to your vehicle as well as the industry.

Clear Head: Keep a clear head. Alcohol and certain drugs, both legal and illegal, can severely impair your driving skills. Many prescription and over-the-counter medications can cause dangerous drowsiness. Get a good night’s rest and don’t drive for long stretches without a break.

Plan Ahead: Allow yourself plenty of extra time to reach your destination, and allow for emergencies or traffic jams. By allowing extra time, we can cut down on excessive speeding, tailgating and weaving in and out between cars.

Relax: Avoid aggressive driving by relaxing and having patience. A yellow light means slow down, not speed up. Always stop at red lights.

Common Sense Safety Rules: Always wear your safety belt, and make sure all your passengers are buckled properly, even on short trips.

To get your NCB Auto Loan, visit your nearest NCB branch or apply online at JNCB.Com.