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Green Era (Forrit’s Version)
Driving Change Together
You should save while you save our planet.
Finance or Refinance a Hybrid or Electric Vehicle and save up to 1.00% APR* off your auto loan.
Let’s get started
Already a member? Log in to Online Banking to apply for an auto loan.
We only have one planet, and protecting it is a group effort. You’re doing your part to reduce carbon emissions, and now Forrit is doing our part to make that easier. Members who finance a Hybrid or an Electric Vehicle can now expect up to 1.00% APR* off for doing their part.
Already have a Hybrid or Electric Vehicle? Then you’ve been doing the work longer, and you deserve recognition. Refinance your eligible Hybrid or Electric Vehicle with Forrit, and now you can also enjoy up to 1.00% APR* off for your efforts.
This is the Green Era (Forrit’s Version). Let’s drive change together.
Buying an electric or hybrid vehicle offers a variety of benefits, including lower emissions, reduced fuel costs and promoting the effectiveness of sustainable green energy, to name a few. Let’s take a closer look at some of these benefits and what they can do for you.
Lower Emissions
EVs don’t produce harmful tailpipe emissions, due to their drawing energy from a clean source rather than the burning of fuel, making them an environmentally friendly option for our eco-warriors. Hybrid cars do produce tailpipe emissions due to their running primarily on gas, but produce no emissions when running purely on electricity, which makes it an option for environmentally conscious shoppers.
Reduced Fuel Cost and Consumption
Tired of draining your bank account at the pump? EVs run entirely on electricity, rather than gas, and don’t need to recharge as often as a traditional car would need to refuel. A hybrid car, on the other hand, runs on both electricity and fuel and often gets better gas mileage, so you won’t need to recharge or refuel as often.
Efficiency
Not only do green vehicles consume far less fuel, but they are also more effective at converting their energy into power, helping them to go farther for longer without needing to stop to refuel. EVs are able to convert over 77% of their electricity into power, and hybrids convert the electricity stored in their batteries into energy before transitioning over to converting fuel into energy, which has a lower conversion percentage than electricity.
Range
Typically, EVs have a shorter range than traditional gas cars, though there are models with ranges equal to or greater than some traditional cars. Also, plug-in hybrid vehicles have varying ranges, some more like traditional cars, due to having two different fuel sources, while others will only be capable of accomplishing your daily driving needs.
Already got an awesome green car going? Whether it’s a hybrid car loan or electric vehicle loan, you can refinance with us and get 1.00% off your auto loan rate.* Connect with us to get started today!
Refinance an auto loan
Already a member? Log in to Online Banking to refinance an auto loan.
Resources
* APR = Annual Percentage Rate. Reduce rate by 1.00% APR for hybrid and electric vehicles. Discount not valid on existing Forrit Credit Union auto loans.
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