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Automobile Loan
Whether new or used vehicles, Wayne Bank's low rates and generous term of up to 60 months, help keep your payments affordable.
Automobile Loans Rates
| New / Used | Term | Premium Rate* | Annual Percentage Rates |
Monthly Payment per $1000 Borrowed |
|---|---|---|---|---|
| New | 72 Months | 8.49% | 8.68% | $17.78 |
| Used | 60 Months | 8.74% | 9.28% | $20.63 |
*Based on a minimum credit score of 720 and subject to Wayne Bank’s credit policy. Some restrictions apply. Minimum & maximum amounts may apply. Additional information such as terms, restrictions, fees & closing costs available.
Annual Percentage Rates are effective as of September 14, 2023 and are subject to change without notice.
Final rate and APR will be determined based on review of credit application.
Rates and APRs for 72-month new auto loans range from a rate of 8.49% with an APR of 8.68% and a monthly payment of $17.78 per $1,000 borrowed, as disclosed above, to 9.99% with an APR of 10.18% and a monthly payment of $18.52 per $1,000 borrowed. Cost per thousand does not include the loan documentation fee.
Rates and APRs for 60-month used auto loans range from a rate of 8.74% with an APR of 9.28% and a monthly payment of $20.63 per $1,000 borrowed, as disclosed above, to 10.49% with an APR of 11.04% and a monthly payment of $21.49 per $1,000 borrowed. Cost per thousand does not include the loan documentation fee.
Annual Percentage Rate calculations include a $125 loan documentation fee and are based on $25,000 loan for new autos and $10,000 loan for used autos.
0 – 10% down payment may be required. Restrictions may apply.
Other terms and rates are available. Please contact any local community office for additional information.
