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Driving Sense:
Lease Alternative Financing

How would you like the low monthly payments of a lease, 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 vehicle purchases, or refinance your existing vehicle loan
  • New and pre-owned vehicles up to five years old qualify 
  • Flexible loan terms of up to 72 months 
  • No down payment required
  • 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 security deposit or acquisition fees 
  • No early payoff penalty 
  • Since the title is in YOUR name you have more options prior to loan maturity and at loan maturity, including the ability to turn your vehicle in and walk away at the end of the loan term. 
  • Refinance your current vehicle loan to reduce your monthly payments with Driving Sense
  • Enables you to easily upgrade and/or change your vehicle every couple of years! 
  • 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

1 A "High Priced Vehicle Surcharge” may apply based on MSRP,  and the surcharge amount varies depending on term

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

Financing Option Conventional Financing Driving Sense
Loan Amount $40,000 $40,000
Rate 5.79% APR* 5.79% APR*
Term 60 months 60 months
Monthly Payment $769.41 $430.77*


Advantages over leasing

  • Vehicle is titled in your name, meaning you own (not lease) the vehicle.
  • No security deposit required
  • No first and last payments required 
  • No early payoff penalty
  • 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. 
  • More auto insurance flexibility than leasing
  • 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
  • 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)
Term APR*
Up to 29 months As low as 5.09%
30 - 41 months As low as 5.29%
42 - 53 months As low as 5.59%
54 - 65 months As low as 5.79%
66 - 72 months As low as 6.29%

ApplY FOR A NEW AUTO Get a Custom Quote Learn More 

Driving Sense: Used Vehicles (Purchase or Refinance)
(5 model years or newer)
Term APR*
Up to 62 months As low as 5.79%
63 - 66 months As low as 6.09%
67 - 72 months As low as 6.29%

Apply for a used autO Get a Custom Quote Learn More 

*APR=Annual Percentage Rate. Repayment example: Driving Sense loan amount of $40,000, 5.79% APR, term of 60 months, and a $895 one-time program fee financed into the loan to secure a Guaranteed Future Value of $18,500: Payments 1-59 are $430.77 with a 60th/final payment due for the residual value amount of $18,500 (Guaranteed Future Value) and total interest paid of $4,346.48. You have four options to satisfy the final payment, as noted above. If you elect to return the vehicle you will have the following obligations: 1. All original equipment that came with the vehicle when you purchased it must still be with the vehicle. 2. If you exceed your mileage allowance, the excess mileage fee is $.10 per mile, and 3. The condition of the vehicle when returned must comply with the Loan Addendum provided to you at the time of loan disbursement. If you return the vehicle in accordance with the Loan Addendum, you will be charged a low $195 disposition fee and the residual amount is considered to have been fully satisfied and the loan is closed. 

Download Driving Sense brochure here.