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Auto Loan Interest Rates
Rates as of February 1, 2012
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 | 7.50% |
| 649 & Below | 0 to 48 Months - 15% Down Payment | 8.50% |
New Auto Loan Payment Examples
|
Credit Score* |
Term |
Amount Borrowed |
Monthly Payment |
Total Loan & Interest |
APR** |
| 700 & Above | 72 | $10,000 | $161.09 | $11,598.48 | 5.000% |
| 700 & Above | 66 | $10,000 | $173.65 | $11,460.90 | 4.500% |
| 700 & Above | 60 | $10,000 | $186.33 | $11,179.80 | 4.250% |
| 650-699 | 60 | $10,000 | $200.34 | $12,020.40 | 7.492% |
| 649 & Below | 48 | $10,000 | $246.43 | $11,828.64 | 8.489% |
Used 2012 & 2011 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 | 8.00% |
| 649 & Below | 0 to 48 Months - 15% Down Payment | 9.00% |
Used 2012 & 2011 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 | 5.250% |
| 650-699 | 60 | $10,000 | $202.72 | $12,163.20 | 7.991% |
| 649 & Below | 48 | $10,000 | $248.79 | $11,941.92 | 8.987% |
Used 2010 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 | 8.50% |
| 649 & Below | 0 to 48 Months - 15% Down Payment | 10.00% |
Used 2010 Auto Loan Payment Examples
|
Credit Score* |
Term |
Amount Borrowed |
Monthly Payment |
Total Loan & Interest |
APR** |
| 700 & Above | 48 | $10,000 | $230.34 | $11,056.32 | 5.000% |
| 650-699 | 48 | $10,000 | $246.43 | $11,828.64 | 8.489% |
| 649 & Below | 48 | $10,000 | $253.56 | $12,170.88 | 9.986% |
Used 2009 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 | 8.50% |
| 649 & Below | 0 to 48 Months - 15% Down Payment | 10.00% |
Used 2009 Auto Loan Payment Examples
|
Credit Score* |
Term |
Amount Borrowed |
Monthly Payment |
Total Loan & Interest |
APR** |
| 700 & Above | 48 | $10,000 | $232.61 | $11,165.28 | 5.500% |
| 650-699 | 48 | $10,000 | $246.56 | $11,834.88 | 8.500% |
| 649 & Below | 48 | $10,000 | $253.71 | $12,178.08 | 10.000% |
Used 2008 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 | 9.50% |
| 649 & Below | 0 to 42 Months - 15% Down Payment | 11.00% |
Used 2008 Auto Loan Payment Examples
|
Credit Score* |
Term |
Amount Borrowed |
Monthly Payment |
Total Loan & Interest |
APR** |
| 700 & Above | 48 | $10,000 | $232.61 | $11,165.28 | 5.500% |
| 650-699 | 42 | $10,000 | $280.89 | $11,797.38 | 9.500% |
| 649 & Below | 42 | $10,000 | $288.04 | $12,097.68 | 11.000% |
Used 2007 & 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 | 11.00% |
| 649 & Below | 0 to 36 Months - 15% Down Payment | 12.00% |
Used 2007 & Older Auto Loan Payment Examples
|
Credit Score* |
Term |
Amount Borrowed |
Monthly Payment |
Total Loan & Interest |
APR** |
| 700 & Above | 36 | $10,000 | $302.02 | $10,369.44 | 5.500% |
| 650-699 | 36 | $10,000 | $327.50 | $11,790.00 | 11.000% |
| 649 & Below | 36 | $10,000 | $332.27 | $11,961.72 | 12.000% |
* 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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