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Driving Sense:
Your Leasing Alternative

Want the benefits of owning a vehicle combined with the advantages of leasing? Introducing First Northern’s Driving Sense™ loan.  A Driving Sense Auto Loan is similar to a lease — but better.  

  • Lower monthly payments than a conventional auto loan — and with a shorter term
  • No money down, and no hidden costs — even finance taxes and registration fees
  • Available on new and used vehicles up to 5 model years old
  • Flexible terms from 24 to 72 months
  • GAP coverage is included at no additional cost to you!
  • Optional Debt Protection, Extended Warranty, and Mechanical Repair Coverage available

ApplY FOR A NEW AUTO Apply for a used autO Get a Custom Quote

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.


*Payments 1-59 are $470.71 with a 60th/final payment due for the residual value amount of $18,500 (Guaranteed Future Value). You have four options to satisfy this payment, as noted above. If you elect to return the vehicle the following obligations exist: 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 be in accordance with the Loan Addendum provided to you at the time of loan disbursement. When you return the vehicle in accordance with the Loan Addendum, the residual amount is considered to have been fully satisfied and the loan is closed. A low $195 disposition fee applies if you decided to return the vehicle at loan maturity in lieu of making the final balloon payment.  

Advantages over leasing

  • Vehicle is titled in your name, meaning you own (not lease) the vehicle.
  • No down payment required
  • 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 DrivingSense, 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: Lease Alternative Financing
Term APR*
Up to 72 months As low as 5.99%

ApplY FOR A NEW AUTO Apply for a used autO Get a Custom Quote Learn More 

*APR=Annual Percentage Rate. Subject to credit approval. Rates are subject to Lender’s credit criteria, certain conditions, and restrictions. Your rate and corresponding APR may be higher than the published rate. Rates are subject to change at any time without notice. Your rate will be determined at the time of your application. Payment example: 5.99% APR for 60 months is $19.33/month per $1,000 borrowed. Late payment fees and processing fees may apply.