How would you like the low monthly payments of a lease, but on a new or pre-owned vehicle AND without all the heavy restrictions and hidden costs of leasing?
Sounds impossible? It’s not. First Northern’s Driving Sense™ offers just that!
Monthly payments up to 40% less than conventional financing
Like a lease, Driving Sense offers payments that are considerably lower than conventional financing. But unlike a lease, with Driving Sense you own the vehicle and have all of the flexibility and benefits of vehicle ownership! Other benefits of Driving Sense include:
- Available on new or pre-owned vehicle purchases, or refinance your existing vehicle loan to save money!
- Vehicles up to five years old qualify
- Flexible loan terms of up to 72 months
- A one-time program fee of $895 applies which can be paid upfront or financed into the loan1
- Annual mileage options of 7,500, 10,000, 12,000, 15,000 & 18,000 available
- No down payment, early payoff penalty, security deposit or acquisition fees
- Easily upgrade and/or change your vehicle every couple of years—or walk away at the end of your term!
- GAP coverage is included at no additional cost to you ($579 value)
- Optional Extended Warranty and Mechanical Repair Coverage available
See for yourself how low your monthly payment can be!
ApplY FOR A NEW AUTO Apply for a used autO Calculate Your Monthly Payment
How it works
Don't pay for the "whole" car — pay only for what you use! Based on the term of the loan, a Guaranteed Future Value is established using industry-approved guidelines, similar to leasing. The difference between what you pay for the vehicle and the Guaranteed Future Value is used to determine the principal portion of your payment, which results in a lower monthly payment than conventional financing.
See How Driving Sense Compares
Advantages over leasing
- Offered on new or pre-owned vehicles up to 5 years old
- Vehicle is titled in your name, meaning you own (not lease) the vehicle.
- No security deposit required or early payoff penalty
- No first and last payments required
- No "back end surprises" — you won't be exposed to hidden expenses (like wear and tear clauses) during the loan, or at loan end, if you elect to return the vehicle. With Driving Sense, we clearly define vehicle return condition requirements.
- Negotiate the purchase price of the vehicle with the dealer, like any other transaction
- Mileage options – choose the plan that fits your needs, from 7,500 to 18,000 miles per year. And if you go over, excess mileage is only $.10 cents per mile, unlike leasing which can cost up to $.25 cents per mile.
- Realistic residual value using standard industry residual values
Flexible end of loan term options
- Trade in vehicle and apply positive equity toward next vehicle
- Make final balloon payment (Guaranteed Future Value) and keep vehicle
- Walk away! Simply return the vehicle at loan maturity in lieu of making the final balloon payment with no end of loan term hassles. Vehicle pick-up is arranged, even if you have moved to a different state!
Driving Sense: New Vehicles (Purchase or Refinance)
|Up to 29 months
||As low as 5.59%
|30 - 41 months
||As low as 5.79%
|42 - 53 months
||As low as 6.09%
|54 - 65 months
||As low as 6.29%
|66 - 72 months
||As low as 6.79%
ApplY FOR A NEW AUTO Get a Custom Quote Learn More
Driving Sense: Used Vehicles (Purchase or Refinance)
(5 model years or newer)
|Up to 62 months
||As low as 6.29%
|63 - 66 months
||As low as 6.59%
|67 - 72 months
||As low as 6.79%
Apply for a used autO Get a Custom Quote Learn More
Download Driving Sense brochure here.