First Northern's DrivingSense™ – the smart choice in vehicle financing!

How would you like a low payment vehicle loan program that combines the best features of conventional financing along with the benefits of leasing! Sound too good to be true? Well, First Northern has the vehicle financing answer for you – DrivingSense.™

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DrivingSense gives you the best of both worlds. Like a lease, DrivingSense offers payments considerably lower than conventional financing. Yet, unlike leasing, with DrivingSense, you own the vehicle and have all the flexibility and benefits that come with vehicle ownership!
 

Key benefits
  • Lower monthly payments, on average 30-40% less than a conventional auto loan—and with a shorter term
  • No money down, and no hidden costs—even finance taxes and registration fees
  • No prepayment penalties or early termination fees
  • Available on new & 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!
Advantages over leasing
  • Vehicle is titled in your name, meaning you own (not lease) the vehicle.
  • No insurance requirements, so you can choose the coverage you need.
  • Negotiate the purchase price of the vehicle with the dealer, like any other transaction.
  • Choose the mileage plan that fits your needs, from 12,000 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. 
 
Flexible end of loan term options
  • Refinance remaining balance at loan maturity or anytime during the loan term.
  • Keep, sell, or trade the vehicle at loan maturity or anytime during the loan term.
  • 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!
How it works
 
Based on the term of your loan, a “guaranteed future value” of the vehicle is established, similar to leasing. The difference between what you pay for the vehicle and the guaranteed future value is your loan amount. That is all you make payments on, meaning your loan balance is lower, so your payments are lower than a conventional auto loan! At the end of your loan term, you can:
  • Pay the residual value (the difference in the vehicle cost and the loan amount) in full and keep the vehicle,
  • Refinance the residual value and keep the vehicle,
  • Sell the vehicle, pay the residual value, and keep the difference,
  • Trade in the vehicle, and the residual value is paid as part of the transaction, or
  • Return the vehicle to our partner and owe nothing.
 

How low will your payment be?

Visit the DrivingSense CarBuilder Calculator where you can build your car and compare a conventionally financed vehicle payment with the low DrivingSense payment.

Want more information?

Submit a request via the DrivingSense CarBuilder Calculator or contact a financial service advisor for details on how a DrivingSense loan might benefit you.



* A low $195 disposition fee applies ONLY if you decided to return the vehicle at loan maturity in lieu of making the final balloon payment. ** APR is Annual Percentage Rate. Subject to credit approval. Rates are subject to lender’s credit criteria, certain conditions and restrictions. Your rate may be higher than the published rate. Rates are subject to change. For an exact payment on a vehicle you are considering, contact us. Repayment example: 2.99% APR for 36 months is $29.08 per $1,000 borrowed. 4.49% APR for 36 months is $29.75 per $1,000 borrowed.

The final payment is the residual value amount of $14,475.00. 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.

Apply Now

 

New Vehicle Loans

For Driving Sense Program rates, contact a Financial Service Advisor.
Up to 29 months 2.79% APR*
30 - 41 months 2.99% APR*
42 - 53 months 3.29% APR*
54 - 65 months 3.49% APR*
66 - 72 months 4.29% APR*
73 - 84 months 4.79% APR*
Estimate Your Payments   ➤

 

Used Vehicle Loans

(seven model years or newer)

For Driving Sense Program rates and used vehicles older than seven model years, contact a Financial Services Advisor.
Up to 62 months 3.49% APR*
63 - 66 months 3.79% APR*
67 - 72 months 4.29% APR*
73 - 84 months 4.79% APR*
Estimate Your Payments   ➤

 

Motorcycle Loans

New (as low as) 5.39% APR*
Used (as low as) 7.09% APR*

 

 

 

*APR is 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: A loan of $20,000 at 2.79% APR for 29 months is a monthly payment of $713.97 and total interest of $705.06.