Rate Chart – New & Used Auto Loan Rates

New and Used Auto Loan Rates1 5/24/2019
 
Type Annual Percentage Rate (APR)* Conditions Term Financing
New Auto (Model Year 2018-2020) 2.90% – 11.24%   24 Months+ 100% of MSRP
  2.90% – 11.24%   36 Months^ 100% of MSRP
  2.90% – 11.24%   48 Months~ 100% of MSRP
  3.24% – 11.24%   60 Months± 100% of MSRP
  3.74% – 11.24% $20,000+ 72 Months§ 100% of MSRP
  4.24% – 11.24% $30,000+ 84 Monthsƒ 100% of MSRP
Used Auto (Model Years 2009-2020) 3.50% – 12.75%   24 Months+ 100% of NADA Trade In
  3.50% – 12.75%   36 Months^ 100% of NADA Trade In
  3.50% – 12.75%   48 Months~ 100% of NADA Trade In
  3.75% – 12.75%   60 Months± 100% of NADA Trade In
  4.75% – 12.75% $20,000+ 72 Months§ 100% of NADA Trade In
  5.75% – 12.75% $30,000+ 84 Monthsƒ 100% of NADA Trade In
Special Interest Auto (Model Year 2008 or older) 3.75% – 12.75%   24 Months+ 85% of Appraised Value
  4.00% – 12.75%   36 Months^ 85% of Appraised Value
  4.25% – 12.70%   48 Months^ 85% of Appraised Value
  4.50% – 12.75%   60 Months± 85% of Appraised Value
1** Annual percentage rate. This offer includes .25% for 10% equity. Offer and rate are based on applicant’s credit history. Credit conditions and qualifications apply. Rates offered may require down payment of 10% and arrangement for automatic repayment. Rates and terms subject to credit approval and subject to change without notice. Other restrictions may apply. Offer excludes all loans financed at the Credit Union. .Offer coupon may not be used in conjunction with any other promotion or applied to existing vehicle loans with The Southern Credit Union. *Rate offered is based upon applicant’s credit history, services, down payment and available coupon. Rate offered will not fall below established floor limits. Credit conditions and qualifications apply. + 24-month term. For a loan at 2.90% APR, 24 monthly payments of $42.95 per $1000 borrowed. ^ 36-month term. For a loan at 2.90% APR, 36 monthly payments of $28.05 per $1000 borrowed. ~ 48-month term. For a loan at 2.90% APR, 48 monthly payments of $22.10 per $1000 borrowed. ± 60-month term. For a loan at 3.24% APR, 60 monthly payments of $18.08 per $1000 borrowed. § 72-month term. For a loan at 3.74% APR, 72 monthly payments of $15.54 per $1000 borrowed. ƒ 84-month term. For a loan at 4.24% APR, 84 monthly payments of $13.79 per $1000 borrowed. Rates may change at anytime without notice. *APR =Annual Percentage Rate. Your APR will be determined at the time of disbursement and will be based on your application and credit information. Not all applicants will qualify for the lowest rate. Rates quoted assume excellent credit history.