New & Used Car Auto Loans

Are you ready to purchase the dream car you’ve always wanted? Or, are you buying a used car? Don’t have the finances to pay for your new or used car? Like any loan, auto loans for new or used cars carry annual percentage rates, payment periods and a down payment on the loan.

A rule of thumb is if you pay less than a 20% down payment, you will pay more than the car’s worth in the long run. Beware: just like mortgage loans, if you do not pay the loan, the lender has the right to repossess your car.

Auto loans for new or used cars can be obtained through a dealer as well as through a bank, credit union or financial company. Which is better? Though getting an auto loan through a dealer is more convenient, dealer auto loan rates are generally more expensive than financial institutions.

Beware: dealers also offer lower promotional rates that require borrowers to purchase extra insurance.

Learn more about the application process and interest rates pertaining to auto loans. Fill out the form below and a representative will contact you shortly.