State financing ideas for CNG vehicles

On October 4, 2012 by HCZimmerman

A colleague of mine who works a lot with credit unions shared some great news with me this past week. An Oklahoma credit union has introduced an incredible new program that helps its customers affordably get access to new compressed natural gas, or CNG, vehicles, or alternatively convert their existing vehicles to a clean CNG car.

Communication Federal Credit Union has told its customers that it will finance up to the manufacturer’s suggested retail price for new vehicles, in addition to the cost of conversion. Plus, for pre-owned and member-owned cars that have a CNG fuel system or a conversion installation ready, the credit union has announced that it will finance up to 115 percent of the NADA Guides retail value.

 

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