Auto Loan Rates
|2016 – 2017||New||72 mo.||4.498%||3.497%||100% of Sales Price|
|2016 – 2017||New||60 Mo.||4.247%||3.248%||100% of Sales Price|
|2016 - 2017||Used||60 Mo.||4.746%||3.746%||90% NADA Retail|
|2015||Used||54 Mo.||4.744%||3.746%||90% NADA Retail|
|2014||Used||48 Mo.||4.743%||3.745%||90% NADA Retail|
|2013||Used||36 Mo.||4.739%||3.741%||90% NADA Retail|
|2012||Used||30 Mo.||4.738%||3.740%||90% NADA Retail|
* The APRs listed in the above table correspond to year of vehicle, are effective as of December 15, 2016, and are subject to change without notice. Your actual APR may vary based on your state of residence. Other rates and terms are available for older vehicles but restrictions may apply. Please contact a loan officer for full disclosure information.
** Loan to value is the amount of the loan divided by the value of the security (the vehicle) expressed as a percentage. Bankers Trust will lend up to 100% of the sales price for new vehicles and 90% of the NADA Trade-In value for used vehicles. No loan documentation fee, but title and state fee apply.
Additional Rate Information
APR (Annual Percentage Rate) of 3.497% is based on a new auto loan amount of $10,000 for 6 years with a monthly payment of $154.17. APR reflects a preferred rate reduction of 1.000% for maintaining a primary checking account with Lender during the term of the borrower's loan. A primary checking account shall mean the account in which the borrower(s) routinely deposits the majority of his/her income or benefits from any source, and against which he/she routinely authorizes payment of the majority of his/her expenses each calendar month.
If the borrower fails to maintain a primary checking account for any reason, or if the lender closes the primary checking account as a result of abuse or fraud, the APR for the borrower's loan will increase by 1.00% for the remaining time of the loan. Any such rate increase will be manifested by higher loan payment amounts of which the borrower(s) will be notified in writing at least 30 days before the due date of the adjusted payment advising the borrower(s) of the higher payment amount required. Such notice will contain information about the adjusted interest rate, the new payment amount and the borrower's loan balance.