Auto Loan Interest Rates

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Rates as of February 25, 2017

New Auto Loans

Credit Score* Term Interest Rate APR**
740 & Above 0 to 48 Months – 0% Down Payment 4.00%  4.00%
740 & Above 49 to 60 Months – 0% Down Payment 4.25% 4.25%
740 & Above 61 to 72 Months – 0% Down Payment 4.50% 4.50%
700-739 0 to 60 Months – 10% Down Payment 5.50% 5.50%
650-699 0 to 60 Months – 10% Down Payment 7.50% 7.50%
649 & Below 0 to 48 Months – 15% Down Payment 9.50% 9.50%

New Auto Loan Payment Examples

Credit Score* Term
(months)
Amount Borrowed Monthly Payment Total Loan & Interest
740 & Above 48 $10,000  $225.79 $10,837.92
740 & Above 60 $10,000 $185.30 $11,118.00
740 & Above 72 $10,000 $158.74 $11,429.28
700-739 60 $10,000 $191.01 $11,460.60
650-699 60 $10,000 $200.38 $12,022.80
649 & Below 48 $10,000 $251.23 $12,059.04

Used 2017, 2016 & 2015  Auto Loans

Credit Score* Term Interest Rate APR**
740 & Above 0 to 48 Months – 0% Down Payment 4.25%  4.25%
740 & Above 49 to 60 Months – 0% Down Payment 4.75% 4.75%
700-739 0 to 60 Months – 10% Down Payment 5.50% 5.50%
650-699 0 to 60 Months – 10% Down Payment 7.50% 7.50%
649 & Below 0 to 48 Months – 15% Down Payment 9.50% 9.50%

Used 2017, 2016 & 2015 Auto Loan Payment Examples

Credit Score* Term (months) Amount Borrowed Monthly Payment Total Loan & Interest
740 & Above 48 $10,000 $226.91 $10,891.68
740 & Above 60 $10,000 $187.57 $11,254.20
700-739 60 $10,000 $191.01 $11,460.60
650-699 60 $10,000 $200.38 $12,022.80
649 & Below 48 $10,000 $251.23 $12,059.04

Used 2014 Auto Loans

Credit Score* Term Interest Rate APR**
740 & Above 0 to 36 Months – 0% Down Payment 4.75% 4.75%
740 & Above 37 to 48 Months – 0% Down Payment 5.00% 5.00%
700-739 0 to 48 Months – 10% Down Payment 6.50% 6.50%
650-699 0 to 48 Months – 10% Down Payment 9.00% 9.00%
649 & Below 0 to 48 Months – 15% Down Payment 10.00% 10.00%

Used 2014 Auto Loan Payment Examples

Credit Score* Term
(months)
Amount Borrowed Monthly Payment Total Loan & Interest
740 & Above 36 $10,000 $298.59 $10,749.24
740 & Above 48 $10,000 $230.29 $11,053.92
700-739 48 $10,000 $237.15 $11,383.20
650-699 48 $10,000 $248.85 $11,944.80
649 & Below 48 $10,000 $253.63 $12,174.24

Used 2013 Auto Loans

Credit Score* Term Interest Rate APR**
740 & Above 0 to 48 Months – 0% Down Payment 5.50%  5.50%
700-739 0 to 48 Months – 10% Down Payment 6.50% 6.50%
650-699 0 to 48 Months – 10% Down Payment 9.00% 9.00%
649 & Below 0 to 48 Months – 15% Down Payment 10.00% 10.00%

Used 2013 Auto Loan Payment Examples

Credit Score* Term
(months)
Amount Borrowed Monthly Payment Total Loan & Interest
740 & Above 48 $10,000  $232.56 $11,162.88
700-739 48 $10,000 $237.15 $11,383.20
650-699 48 $10,000 $248.85 $11,944.80
649 & Below 48 $10,000 $253.63 $12,174.24

Used 2012 Auto Loans

Credit Score* Term Interest Rate APR**
740 & Above 0 to 48 Months – 0% Down Payment 5.50%  5.50%
700-739 0 to 48 Months – 10% Down Payment 7.00% 7.00%
650-699 0 to 42 Months – 10% Down Payment 9.00% 9.00%
649 & Below 0 to 42 Months – 15% Down Payment 10.00% 10.00%

Used 2012 Auto Loan Payment Examples

Credit Score* Term(months) Amount Borrowed Monthly Payment Total Loan & Interest
740 & Above 48 $10,000 $232.56 $11,162.88
700-739 48 $10,000 $239.46 $11,494.08
650-699 42 $10,000 $278.45 $11,694.90
649 & Below 42 $10,000 $283.17 $11,893.14

Used 2011 & Older Auto Loans

Credit Score* Term Interest Rate APR**
740 & Above 0 to 36 Months – 0% Down Payment 5.50%  5.50%
700-739 0 to 36 Months – 10% Down Payment 7.00% 7.00%
650-699 0 to 36 Months – 10% Down Payment 9.00% 9.00%
649 & Below 0 to 36 Months – 15% Down Payment 10.00% 10.00%

Used 2011 & Older Auto Loan Payment Examples

Credit Score* Term(months) Amount Borrowed Monthly Payment Total Loan & Interest
740 & Above 36 $10,000 $301.96 $10,870.56
700-739 36 $10,000 $308.77 $11,115.72
650-699 36 $10,000 $318.00 $11,448.00
649 & Below 36 $10,000 $322.67 $11,616.12

* 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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