Are you waiting for the thrill of getting your first car? SECNY can help! Our FRX program, or First Ride Experience, is geared towards young adults with limited credit history who are in the market for their first vehicle.
Requirements for the FRX program are simple:
- 5% down and first months payment, in cash, deposited into your SECNY account
- Insurance binder with 3 months of paid insurance
- 2 Relative references
- Completed Defensive Driving Course through the New York State DMV
- Completed Financial Literacy Course done through SECNY
- A checking account with estatements and direct deposit at SECNY
After six months of successful on time payments, you are eligible for a cash back incentive as well as a secured Credit Card to help build your credit faster.
If this program sounds like a fit for you, be sure to apply and start your journey!