Members of the $2.2 billion First Tech Credit Union will have access to a quarter-point annual percentage rate reduction for green car financing through an alliance with the U.S. Environmental Protection Agency.
After pre-qualifying for a green auto loan with the Beaverton, Ore.-based First Tech, members can choose from more than 1,500 emission- and fuel-friendly cars, including hybrid and hydrogen vehicles, on the EPA's SmartWay program list. First Tech's discount is good on all SmartWay certified cars with a maximum of 100,000 miles.
"We created our green auto program to save our members some 'green' as a bonus for choosing an environmentally friendly vehicle," said Deborah Colby, First Tech vice president of marketing. "And with the additional tax incentives offered by the federal government, purchasing a green car or hybrid vehicle is a really smart financial decision."
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