VEHICLE LOANS
V EHICLE LOANS
EFFECTIVE March 26, 2019
Rates and Terms are subject to change without notice
Age
Amount
Term
Financed
New 2019 or Current year model with less than 15K miles
Used Vehicles 1-7 years 2013-2019
Used Vehicles 8-12 years old 2008-2012
Up to $14,999.99
$15,000.00 and above
$5000 Minimum loan amount $7500 minimum $15,000 Minimum Minimum loan amount $3,500
36 mos. 48 mos. 60 mos. Up to 72 mos. Up to 36 mos. Up to 48 mos. Up to 60 mos. 72 mos. 36 mos. 48 mos.
60 mos.
72 mos.
24 mos. 36 mos.
*Annual Percentage Rate (APR) as low as
3.92% 3.84% 3.79% 4.16% 3.92% 3.84% 3.79% 4.16% 4.98% 4.75%
4.40%
4.66%
9.14% 8.46%
Interest Rate
3.59% 3.59% 3.59% 3.99% 3.59% 3.59% 3.59% 3.99% 3.99% 3.99%
3.99%
4.49%
6.99% 6.99%
**Fee
**75.00 **75.00 **75.00 **75.00 **75.00 **75.00 **75.00 **75.00 **75.00 **75.00
**75.00
**75.00
**75.00 **75.00
*Interest rates and APRs listed above reflects a discount of 0.25% for an automatic payment from an Exchange Bank Deposit Account. The rate can increase if the automatic payment is discontinued. An additional .25% discount is available if you have a Premier Plus Checking account at the time of final approval. This discount is not subject to adjustments. **Loan Documentation Fee: If the loan documents have to be re-drawn after the initial document preparation due to missed or canceled appointments an additional fee of $50.00 will be assessed and collected at loan signing.
TYPICAL PAYMENT EXAMPLE: For a new auto loan of $20,000.00 for 48 months, the interest rate is 3.59%, the Annual Percentage Rate is approximately 3.78%, which includes a documentation fee of $75.00**, and the monthly payment is approximately $447.93.
ADVANCE RATE: Exchange Bank will lend up to 110% of NADA value for Purchase money transactions, 100% for refinance transactions and 80% for cash out transactions. AGE New vehicle is defined as current model year with less than 15,000 miles. Used vehicles 1-7 years defined as current year with 15,000 or more miles up through 2013. Mileage not to exceed 100,000. Used vehicles 8-12 years are for model years 2012 through 08. Mileage not to exceed 120,000 Ineligible Collateral: Mileage exceeding 120,000 Salvage Title or Lemon-law buy back Title Vehicle older than 12 years Commercial use vehicles
Certain Restrictions may apply
03-26-2019
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