We made certain assumptions in generating the payment in the example above.
Auto Loans
Loan amount
$20,000
Term
72 months
Available terms
36 to 72 months
State effective
New York
The following additional disclosures apply:
Credit subject to approval.
A loan fee may be required.
Assumes auto is new or less than one year old.
Interest rates assume excellent borrower credit history.
Rates and payment amounts will vary by state, collateral type and loan to value ratio.
Rates and terms are subject to change without notice.
Example: A 6 year fixed- rate loan for a $25,000 new car, with 20% down, requires a $20,000 loan. Based on a simple interest rate of 5.74%, and loan fees of $200, this loan would have 72 monthly payments of $332.30 each and an annual percentage rate (APR) of 6.09%.
