LATHRUP VILLAGE, Calif. — With the aim of offering auto shoppers across the credit spectrum the financing that best suits them, Michigan First Credit Union will be holding its annual Loan Zone car sale on Friday and Saturday.

Included in the sale — which is slated to be held at the credit union's Lathrup Village and Eastpointe locations — will be used and new models. There will be more than 100 vehicles priced lower than $10,000.

Consumers can go to www.michiganfirstcars.com to check out the vehicles and learn more details about the units. The credit union built the site as a car-shopping resource.

"The Loan Zone event is always an excellent way to offer our members great loan opportunities and vehicle options conveniently in the same location," stated Michael Poulos, president and chief executive officer of Michigan First Credit Union. "Our mission is to provide financing for people with a wide range of credit ratings, while ensuring that they are in a loan that they can afford."

Before the Loan Zone event kicks off, there is a pre-approval period. As such, Michigan First will help members of the credit union and non-members figure out what financing options they have before the event begins.

The credit union has already approved more than $1.3 million in auto loans so far for applicants intending on being at Loan Zone.

Thanks to the relationships Michigan First has with dealers in the Detroit area, consumers can access competitive pricing and various incentives, officials said.

The credit union indicated that shoppers who make a purchase during Loan Zone and finance the vehicle via Michigan First might quality to reap the benefits of added incentives. These include: 

—A $50 Visa Gift Card for those who get pre-approved before Friday.

—Great loan rates with flexible repayment terms.

—First oil change free.

—Three-month/3,000 mile warranty (extended warranties also are available).

Another loan initiative from the credit union is the Sizzling Summer Sweepstakes. In this promotion, scratch cards are given to members, who have the chance to receive as much as 8 percent off their loan rate.

Those who finance their deal through this promotion are then put in a drawing to receive one of 10 prizes. Among the lot is a seven-night Eastern Caribbean cruise.

With regards to the additional incentives and the Sizzling Summer Sweepstakes, officials noted that there are additional restrictions. To learn more, visit www.michiganfirstcars.com.