Auto Loans
Are you looking to upgrade to a new vehicle or refinance your car loan?
If you answered yes to that question – Harford Bank has the auto loan package for you. We offer low rates that make that car more affordable than you ever thought possible.
Product Features
- Affordable fixed interest rates, terms and payments
- Purchase a new or used vehicle
- Refinance your current vehicle loan to a lower rate to save money
- Variety of loan terms with competitive pricing are available
- Quick loan closings
All rates are expressed as an Annual Percentage Rate (APR)
Auto Loan Rates
New Car Rates
| Terms
|
Automatic Payment Interest Rate*
|
Standard Interest Rate
|
| 36 months
|
4.54%
|
4.79%
|
| 48 months
|
4.74%
|
4.99%
|
| 60 months
|
4.94%
|
5.19%
|
| 72 months
|
5.64%
|
5.89%
|
Used Car Rates
| Terms
|
Automatic Payment Interest Rate*
|
Standard Interest Rate
|
| 36 months
|
4.94%
|
5.19%
|
| 48 months
|
5.14%
|
5.39%
|
| 60 months
|
5.44%
|
5.69%
|
* Automatic Payments: To qualify for the Automatic Payment Interest Rate, you must have the monthly payments automatically transferred from a deposit account that you maintain with Harford Bank.
For new car loans, the Annual Percentage Rate (APR) is computed based on a $25,000 loan made for the maximum term available. For used car loans, the APR is computed based on a $25,000 loans made for the maximum term available. The APR will be different for a different loan amount and/or loan term.
Automatic Payment Interest Rate payment examples
Based on a new car loan amount of $25,000 and a term of 36 months, the monthly loan payment is $744.12; a $25,000 loan for 48 months would have monthly payment of $572.79; a $25,000 loan for 60 months would have monthly payment of $471.09; and a $25,000 loan for 72 months would have a monthly payment of $410.09.
Based on a used car loan amount of $25,000 and a term of 36 months, the monthly loan payment is $748.60; a $25,000 loan for 48 months would have a monthly payment of $577.32; a $25,000 loan for 60 months would have a monthly payment of $476.84.
Standard Interest Rate payment examples
Based on a new car loan amount of $25,000 and a term of 36 months, the monthly loan payment is $746.92; a $25,000 loan for 48 months would have monthly payment of $575.62; a $25,000 loan for 60 months would have monthly payment of $473.96; and a $25,000 loan for 72 months would have a monthly payment of $413.03.
Based on a used car loan amount of $25,000 and a term of 36 months, the monthly loan payment is $751.41; a $25,000 loan for 48 months would have a monthly payment of $580.16; a $25,000 loan for 60 months would have a monthly payment of $479.72.
The maximum loan amount is 95% of the value of the new auto and 90% of the value of a used auto. All vehicles older than 7 years old add .25% to the above posted rates.
Above rates and terms apply to auto loans made to consumers. For information about loans made to commercial entities, please call 410-942-4000.
Other terms and conditions may apply.
Visit any branch, call 410-942-4000 or email for details
Fred Branscome [email protected] NMLS#2016086 443-981-1243