New Auto Loans
Our new car loans are for new vehicles that have not been previously titled. Upon qualification, the price of the car determines the maximum term. If the amount of the purchase order from the dealer is $25,000 or less, the maximum term that we offer is 72 months. If the dealer invoice is greater than $25,000, then the maximum term that we offer is 84 months.
The interest is 4.99% APR for the 72 month term and 5.50% APR for the 84 month term. Please call if you would like a payment example.
Used Auto Loans
Our used car loans are for either the purchase of a used vehicle or the refinance of a currently owned used vehicle from another lender. The interest rate of used vehicles is 7.0% Annual Percentage Rate Upon qualification, the age of the car determines the term of the loan. If the vehicle is up to 3 years old, the maximum term allowed would be 5 years. If the age of the vehicle is 4-5 years old, the maximum allowable term of the loan would be 4 years. Vehicles older that 5 years would have to be financed as a personal line of credit at 12.0% Annual Percentage Rate. We will finance up to the Retail Kelly Blue Book Value.
Vehicle Refinance From Another Lender
Upon qualification, we will finance up to the Wholesale Kelly BlueBook value at an interest rate of 7.00% Annual Percentage Rate. Term up to 5 years for vehicles less than three years old. Term up to 4 years for vehicles 4 to 5 years old.
*Direct Deposit and Automatic Payments qualify for up to a 1.0% discount on Vehicle Loans