Teachers Federal Credit Union - Fusion Auto Finance

1 TFCU New CU Xpress Lease (rev 1-1-2013) Page 1 of 2 Teachers Federal Credit Union CU Xpress Lease Program Details and Guidelines Effective January 1, 2013 2013-2012 NEW VEHICLES Rates Effective 9/1/2012 A+ Tier 700+ Transunion Fico Score A Tier 670 699 Transunion Fico B Tier 640 669 Transunion Fico Money Factor Money Factor Money Factor 36 42 months .00127 .00168 .00200 43 60 months .00133 .00175 .00206 Max Cap 120% of MSRP (includes extended warranty) plus tax, title, license and $795 acquisition fee 120% of MSRP (includes extended warranty) plus tax, title, license and $795 acquisition fee 120% of MSRP (includes extended warranty) plus tax, title, license and $795 acquisition fee LESSEES MUST MEET MEMBERSHIP QUALIFICATIONS FOR Teachers Federal Credit Union Money Factor Matrix Nassau Financial Federal Credit Union uses a risk based rate matrix.

2 Credit approvals are valid for 30 days. Minimum term for eligible new 2013 2012 vehicles is 36 months. Maximum term for eligible new 2013 2012 vehicles is 48 months Max Advance New 2013 and 2012 Model Year Vehicles will capitalize up to 120% of MSRP (including extended warranty) plus sales tax, title, tags, and $795 acquisition fee Capitalized Cost Reductions Maximum capitalized cost reduction is 35% of the gross capitalized cost. See Page 2 for additional TFCU Program Guidelines TFCU New CU Xpress Lease (rev 1-1-2013) Page 2 of 2 TFCU New Vehicle Program Guidelines Residual Values Residual Values are always based on the lesser of MSRP or MRM.

3 Please refer to the CU Xpress Lease Dealer Residual Guide for details Mileage CU Xpress Lease Dealer Residual Guide stated residual values are based on standard annual mileage of 15,000 miles per year. 12,000 Miles - Add 2 points to residual 10,000 Miles - Add 3 points to residual Purchasing Additional Miles (based on vehicle selling price 11a on lease agreement) Selling price of $20,000 or less is 15 cents per additional mile; Selling price between $20,001 and $35,000 is 18 cents per additional mile; Selling price greater than $35,000 is 25 cents per additional mile. Note: Maximum annual mileage is 20,000 miles.

4 All lease specials are excluded from purchasing additional miles or adding additional residual value points. GAP Insurance - Included in all CU Xpress Lease contracts. Capitalized Cost Reductions Maximum capitalized cost reduction is 35% of the gross capitalized cost. Fees and Charges Acquisition Fee - $795 (unless specified on special programs) No Security Deposit Required unless stipulated Title Procedure Fusion Auto Finance LLC is titled owner and lessor, member is lessee, and TFCU is lien holder. See specific titling instructions for Fusion below When preparing MV82T enter Lien Code # 12020 for Teachers Federal Credit Union Fusion Auto Finance LLC 210 Airport Freeway Bedford, TX 76022 Insurance Procedure Fusion Auto Finance LLC is named additional insured, TFCU is loss payee.

5 Fusion address for insurance only: Box 211116, Bedford, TX 76095 Required Coverage - Liability $100,000/$300,000; Property Damage $50,000; Maximum Deductible for Comp and Collision $500 TFCU Box 924182, Fort Worth, TX 76124 Funding Requirements Verified employment and income; copy of valid driver s license New Member Requirements verified eligibility, completed new member sign-up form and $ membership fee; 1 form of identification Teachers Federal Credit Union Box 9005 Smithtown, NY 11787