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Auto Loan

Auto Loan Interest Rates

Rates as of April 14, 2024
 
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New Auto Loans

New Auto Loans
Credit Score*TermInterest RateAPR**
740 & Above0 to 48 Months - 0% Down Payment7.50%7.50%
740 & Above49 to 60 Months - 0% Down Payment7.75%7.75%
740 & Above61 to 72 Months - 0% Down Payment8.00%8.00%
700-7390 to 60 Months - 0% Down Payment8.75%8.75%
650-6990 to 60 Months - 20% Down Payment10.50%10.50%
649 & Below0 to 48 Months - 20% Down Payment12.50%12.50%

New Auto Loan Payment Examples

New Auto Loans Payment Examples
Credit Score*Term (months)Amount BorrowedMonthly PaymentTotal Loan & Interest
740 & Above48$10,000$241.79$11,605.88
740 & Above60$10,000$201.57$12,094.16
740 & Above72$10,000$175.33$12,624.00
700-73960$10,000$206.37$12,382.38
650-69960$10,000$214.94$12,896.36
649 & Below48$10,000$265.80$12,758.41

Used 2023, 2022 & 2021 Auto Loans

Used Auto Loans
Credit Score*TermInterest RateAPR**
740 & Above0 to 48 Months - 0% Down Payment8.00%8.00%
740 & Above49 to 60 Months - 0% Down Payment8.50%8.50%
700-7390 to 60 Months - 0% Down Payment9.00%9.00%
650-6990 to 60 Months - 20% Down Payment10.50%10.50%
649 & Below0 to 48 Months - 20% Down Payment12.50%12.50%

Used 2023, 2022 & 2021 Auto Loan Payment Examples

Used Auto Loans
Credit Score*Term (months)Amount BorrowedMonthly PaymentTotal Loan & Interest
740 & Above48$10,000$244.13$11,718.19
740 & Above60$10,000$205.17$12,309.87
700-73960$10,000$207.58$12,455.05
650-69960$10,000$214.94$12,896.36
649 & Below48$10,000$265.80$12,758.41

Used 2020 Auto Loans

Used 2015 Auto Loans
Credit Score*TermInterest RateAPR**
740 & Above0 to 36 Months - 0% Down Payment8.00%8.00%
740 & Above37 to 48 Months - 0% Down Payment8.25%8.25%
700-7390 to 48 Months - 0% Down Payment9.25%9.25%
650-6990 to 48 Months - 20% Down Payment11.50%11.50%
649 & Below0 to 48 Months - 20% Down Payment12.50%12.50%

Used 2020 Auto Loan Payment Examples

Used 2015 Auto Loan
Credit Score*Term (months)Amount BorrowedMonthly PaymentTotal Loan & Interest
740 & Above36$10,000$313.36$11,281.13
740 & Above48$10,000$245.30$11,774.64
700-73948$10,000$250.04$12,001.87
650-69948$10,000$260.89$12,522.73
649 & Below48$10,000$265.80$12,758.41

Used 2019 Auto Loans

Used 2015 Auto Loan
Credit Score*TermInterest RateAPR**
740 & Above0 to 48 Months - 0% Down Payment9.25%9.25%
700-7390 to 48 Months - 0% Down Payment9.50%9.50%
650-6990 to 48 Months - 20% Down Payment11.50%11.50%
649 & Below0 to 48 Months - 20% Down Payment12.50%12.50%

Used 2019 Auto Loan Payment Examples

Used 2014 Auto Loan
Credit Score*Term (months)Amount BorrowedMonthly PaymentTotal Loan & Interest
740 & Above48$10,000$250.04$12,001.87
700-73948$10,000$251.23$12,059.09
650-69948$10,000$260.89$12,522.73
649 & Below48$10,000$265.80$12,758.41

Used 2018 Auto Loans

Used 2013 Auto Loan
Credit Score*TermInterest RateAPR**
740 & Above0 to 48 Months - 0% Down Payment9.25%9.25%
700-7390 to 48 Months - 0% Down Payment10.00%10.00%
650-6990 to 36 Months - 20% Down Payment11.50%11.50%
649 & Below0 to 36 Months - 20% Down Payment13.50%13.50%

Used 2018 Auto Loan Payment Examples

Used 2013 Auto Loan
Credit Score*Term(months)Amount BorrowedMonthly PaymentTotal Loan & Interest
740 & Above48$10,000$250.04$12,001.87
700-73948$10,000$253.63$12,174.00
650-69936$10,000$329.76$11,871.38
649 & Below36$10,000$339.35$12,216.72

Used 2017-2015 Auto Loans

Used 2012 Auto Loan
Credit Score*TermInterest RateAPR**
740 & Above0 to 36 Months - 0% Down Payment12.50%12.50%
700-7390 to 36 Months - 10% Down Payment13.25%13.25%
650-6990 to 36 Months - 20% Down Payment13.50%13.50%
649 & Below0 to 36 Months - 20% Down Payment16.00%16.00%

Used 2017-2015 Auto Loan Payment Examples

Used 2012 Auto Loan
Credit Score*Term(months)Amount BorrowedMonthly PaymentTotal Loan & Interest
740 & Above36$10,000$334.54$12,043.28
700-73936$10,000$338.14$12,173.27
650-69936$10,000$339.35$12,216.72
649 & Below36$10,000$351.57$12,656.55

Used 2014 and Older Auto Loans

Used 2012 Auto Loan
Credit Score*TermInterest RateAPR**
740 & Above0 to 36 Months - 0% Down Payment12.75%12.75%
700-7390 to 36 Months - 10% Down Payment13.50%13.50%
650-6990 to 36 Months - 20% Down Payment13.75%13.75%
649 & Below0 to 36 Months - 20% Down Payment16.25%16.25%

Used Older than 2014 Auto Loan Payment Examples

Used 2012 Auto Loan
Credit Score*Term(months)Amount BorrowedMonthly PaymentTotal Loan & Interest
740 & Above36$10,000$335.74$12,086.52
700-73936$10,000$339.35$12,216.72
650-69936$10,000$340.56$12,260.31
649 & Below36$10,000$352.81$12,700.93
  • 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

* 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. 

**APR = Annual Percentage Rate.