Auto Loan Rates

Auto Loan Interest Rates

 Our loans can put you in the driver's seat with our special loan interest rates!

CONSUMER LOANS
2.00% APR* with terms up to 36 months
3.00% APR* with terms up to 60 months

Let's make it happen!

For a limited time, you can take advantage of our special promotional interest rates.

*Annual Percentage Rate (APR) is based on evaluation of applicant’s credit and actual APR may vary. Subject to credit approval. New money of at least $2,500 required for promotional APR. Loans $10,000 and above must be fully secured. Maximum term is 60 months. A $10,000 fully-secured loan with a 4-year term and a 3.00% APR will require 48 monthly payments of $221.34. Interest rates and programs are subject to change without notice. Not valid for single-pay loans, credit-builder loans or trust-secured lines of credit.

 

Rates as of April 1, 2014

New Auto Loans

Credit Score*

Term

Interest Rate

700 & Above 61 to 72 Months - 0% Down Payment 5.00%
700 & Above 49 to 60 Months - 0% Down Payment 4.50%
700 & Above 0 to 48 Months - 0% Down Payment 4.25%
650-699 0 to 60 Months - 10% Down Payment 6.50%
649 & Below 0 to 48 Months - 15% Down Payment 7.50%

New Auto Loan Payment Examples

Credit Score*

Term  
(months)    

Amount Borrowed

Monthly Payment

Total Loan & Interest

APR**

700 & Above 72 $10,000 $161.09 $11,598.48 5.002%
700 & Above 60 $10,000 $186.43 $11,185.81 4.503%
700 & Above 48 $10,000  $226.91 $10,891.73 4.253%
650-699 60 $10,000  $195.66 $11,739.69 6.493%
649 & Below 48 $10,000 $241.79 $11,605.87 7.492%

Used 2013 & 2012 Auto Loans

 

Credit Score*

Term

Interest Rate

700 & Above 49 to 60 Months - 0% Down Payment 5.25%
700 & Above 0 to 48 Months - 0% Down Payment 4.75%
650-699 0 to 60 Months - 10% Down Payment 7.25%
649 & Below 0 to 48 Months - 15% Down Payment 7.50%

Used 2013 & 2012 Auto Loan Payment Examples

 

Credit Score*

Term (months) 

Amount Borrowed

Monthly Payment

Total Loan & Interest

APR**

700 & Above 60 $10,000  $189.90 $11,394.00 5.253%
650-699       60 $10,000  $199.19 $11,951.62 7.241%
649 & Below 48 $10,000 $241.79 $11,605.87 7.489%

Used 2011 Auto Loans

 

Credit Score*

Term

Interest Rate

700 & Above 37 to 48 Months - 0% Down Payment 5.00%
700 & Above 0 to 36 Months - 0% Down Payment 4.75%
650-699 0 to 48 Months - 10% Down Payment 7.50%
649 & Below 0 to 48 Months - 15% Down Payment 9.00%

Used 2011 Auto Loan Payment Examples

 

Credit Score*

Term 
(months)     

Amount Borrowed

Monthly Payment

Total Loan & Interest

APR**

700 & Above 48 $10,000  $230.34 $11,056.32 5.003%
650-699 48 $10,000  $241.79 $11,605.87 7.489%
649 & Below 48 $10,000 $248.85 $11,944.82 8.987%

Used 2010 Auto Loans

 

Credit Score*

Term

Interest Rate

700 & Above 0 to 48 Months - 0% Down Payment 5.50%
650-699 0 to 48 Months - 10% Down Payment 8.00%
649 & Below 0 to 48 Months - 15% Down Payment 9.00%

Used 2010 Auto Loan Payment Examples

 

Credit Score*

Term 
(months)     

Amount Borrowed

Monthly Payment

Total Loan & Interest

APR**

700 & Above 48 $10,000  $232.61 $11,165.28 5.503%
650-699 48 $10,000  $244.13 $11.718.20 7.990%
649 & Below 48 $10,000 $248.85 $11,944.82 8.987%

Used 2009 Auto Loans

 

Credit Score*

Term

Interest Rate

700 & Above 37 to 48 Months - 0% Down Payment 5.50%
700 & Above 0 to 36 Months - 0% Down Payment 5.50%
650-699 0 to 42 Months - 10% Down Payment 8.00%
649 & Below 0 to 42 Months - 15% Down Payment 10.00%

Used 2009 Auto Loan Payment Examples

 

Credit Score*

Term 
(months)     

Amount Borrowed

Monthly Payment

Total Loan & Interest

APR**

700 & Above 48 $10,000  $232.61 $11,165.28 5.503%
650-699 42 $10,000  $273.71 $11,495.82 7.987%
649 & Below 42 $10,000 $283.09 $11,889.78 9.984%

 

Used 2008 & Older Auto Loans

 

 

Credit Score*

Term

Interest Rate

700 & Above 0 to 36 Months - 0% Down Payment 5.50%
650-699 0 to 36 Months - 10% Down Payment 10.00%
649 & Below 0 to 36 Months - 15% Down Payment 12.00%

 

Used 2008 & Older Auto Loan Payment Examples

 

 

Credit Score*

Term 
(months)     

Amount Borrowed

Monthly Payment

Total Loan & Interest

APR**

700 & Above 36 $10,000  $301.96 $10,870.52 5.504%
650-699 36 $10,000  $322.67 $11,616.19 9.980%
649 & Below 36 $10,000 $332.14 $11,957.15 12.004%

 

*  Credit scores are based on information collected by credit bureaus and information reported each month by your creditors about the balances you owe and the timing of your payments. A credit score is a compilation of all this information converted into a number that helps a lender to determine the likelihood that you will repay the loan on schedule. The credit score is calculated by the credit bureau, not by the lender. Credit scores are calculated by comparing your credit history with millions of other consumers.

** Annual Percentage Rate

  • Interest rates will be discounted 0.25% with Auto Pay from a Chemung Canal checking or savings account
  • All loans subject to credit approval
  • Interest rates and programs subject to change without notice

 

 

 

 

 

 

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