Virtual Branch Online Banking

MAPS Program

MAPS Program

Apply Now

MAPS™ Member Auto Payment Saver ‒ Better Than A Lease

This innovative Choice One FCU program makes it easy to buy a new vehicle every two or three years, plus it allows you to upgrade to a vehicle you thought you couldn’t afford at a lower monthly payment. You can also use the program to finance a used vehicle.

MAPS™* financing is not your typical PA auto loan and leasing program. It is a low-payment PA auto loan (balloon loan) with a full walk-away option at loan maturity when the final balloon payment comes due. With this financing, you own the vehicle and it is titled in your name. With a lease, the leasing company owns the vehicle and you sign a lease (rental) agreement with monthly lease (rental) payments on the vehicle.

Although the program is similar to a leasing, there are important differences. Unlike a lease, you have full ownership of the vehicle plus there’s no security deposit, no “wear and tear” penalties, and no capitalization fees.

How Does The Program Work?

When you finance your vehicle at Choice One, we determine what your vehicle will be worth the year your loan is scheduled to end. It’s called the “residual value.” The residual value is subtracted from your loan amount and your monthly payment is based on the remaining amount.

For example, if your loan is for $20,000 and the residual value is $8,000 the year your financing ends, your monthly payment is calculated based on $12,000 ($20,000 – $8,000 = $12,000) instead of the full loan amount of $20,000. Your monthly payments could be lower by nearly 50%.

What Happens At The End Of Your Loan?

When your car loan is paid in full, you have four vehicle resolution options:

  1. Sell the vehicle, pay the residual value, and keep the difference.
  2. Trade in the vehicle and pay the residual value as part of the transaction.
  3. Refinance the residual value as a used vehicle loan.
  4. Arrange to return the vehicle without paying the residual value.

If you are planning to lease a new or used vehicle and want to take advantage of the MAPS™* better than a lease program, you can call, stop by the credit union, or apply online.  It’s a great way to get more vehicle for your money and a lower monthly payment.

MAPS Calculator   Apply for a Loan

*MAPS™ is a registered trade name of Membership Marketing Support Services.

About Choice One

We serve more than 13,000 members (and counting) throughout Pennsylvania. If you live, work, worship, go to school or own a business entity in Luzerne, Lackawanna or Wyoming Counties, you are eligible to join. So, stop in today and see the difference at Choice One!

Latest News

Become a Member

You are now leaving Choice One Community Credit Union

Choice One Community Credit Union provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by Choice One Community Credit Union, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.

You will be redirected to

Click the link above to continue or CANCEL