Which certificate of deposit account is best? Your rate is good for 30 days, so you’ll have plenty of time to shop for that perfect vehicle. Before deciding to refinance your auto loan, consider these 6 critical factors. Most APRs will be higher for a used car auto loan since used car values can vary greatly depending on the history, condition and miles driven. Franchise dealers sell new and used cars for auto manufacturers such as Ford®, General Motors®, Chrysler®, Honda® and others. Rates as low as 2.59% APR (Annual Percentage Rate) are available for auto loans with a 36-month or less term; for $30,000 or greater; a LTV of 80% or less; a vehicle age of 12 months or less; and an … Apple, the Apple logo, iPhone, iPad, Apple Watch and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries. Your 30-day rate lock gives you plenty of time to shop. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence. We sent an email with the download link to, We sent a text message with the download link to. Please enter a valid 10-digit phone number. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. Use our research to find the best auto loan rates in Saginaw-Bay City-Midland, MI. Refinance Your Car Loan. If you’re not sure yet which vehicle might be a good fit for you and your budget, Bank of America can help with that too! We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. When applying online, make sure to check the box to agree to electronic delivery. Benefit is non-transferable. There's no fee — most decisions take about 60 seconds. This compensation may impact how, where and in what order products appear. The Loan Calculator assumes 30 days in a month and a first payment scheduled 30 days after the start date of an auto loan to calculate a monthly loan payment example. Rates as low as 4.64% APR are available for a 5-year auto loan, $10,000 loan amount and higher at 89% Loan-to-Value (LTV) or less. Message and data rates may apply. The dealer will prepare the financing contracts for you to sign. Once approved, if you’re purchasing from an authorized dealer, we’ll send you an approval letter to take to the dealer. Can You Negotiate Auto Loan Rates? APR listed assumes $25,000 loan at maximum term. Bank of America can help you feel more in control on the road to buying and financing your next vehicle. Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Repayment examples: New Car … With your approved rate in hand, you’ll be ready to complete your refinance or go find your new ride! Member FDIC. All rights reserved. You’ll find one lender in this survey that recently has been offering 1.99 percent. Bankrate has answers. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Our database of 1,648,658,012 deposit and loan rates is updated daily with the most current rates for nearly every bank and credit union in America, including those right in your backyard. If you are eligible for Bank of America’s Preferred Rewards program, make sure to enroll before you apply for auto financing. Rates are determined by the bank and may be adjusted at the bank's discretion. Use the coupon slips provided in the coupon book and mail to the address above. We look at each bank's rates… All Rights Reserved. We do not include the universe of companies or financial offers that may be available to you. The exact rate you pay will vary by your location and credit … Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editorial team does not receive direct compensation from our advertisers. … Actual APR will depend on loan amount and term length. If you're approved, you'll receive an Approval Code that lets authorized dealers quickly retrieve your information and streamline your purchase. But before you decide on a lender in Michigan, it’s important to compare the conditions and fees for each loan. 1 Bank of America works with thousands of automobile dealerships across the country to assist our customers with the financing of their new and used vehicles. Bankrate.com does not include all companies or all available products. Current market rates also affect your auto loan rate. Before you leave our site, we want you to know your app store has its own privacy practices and level of security which may be different from ours, so please review their polices. Vehicle financing provided by Bank of America. You probably spend plenty of time researching what vehicle you really want using our online auto shopping tool or other resources, but researching your auto financing is just as important. Refinancing your car loan may allow you to lower your interest rate, reduce your payment, and enjoy a little extra cash each month. Independent dealers are not affiliated with an auto manufacturer and may sell many different brands of vehicles. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. 9 a.m. - 8 p.m. 1 Bank of America works with thousands of automobile dealerships across the country to assist our customers with the financing of their new and used vehicles. Get in the Driver’s Seat with i-bank. Bankrate.com is an independent, advertising-supported publisher and comparison service. Here are the auto loan rates in Saginaw-Bay City-Midland, MI, as of 10 a.m. on Friday. The auto financing process begins with being informed about the whole experience, and we’re here to make it as stress free as possible to help you get the auto financing you are looking for. Typically, credit unions offer customers lower rates than other lenders. Automobile shopping content provided by automobile dealerships through a website provided by a third party not affiliated with Bank of America and is not available in all states. But this compensation does not influence the information we publish, or the reviews that you see on this site. For more information, stop … Qualified discounts can also adjust your APR. These financial calculators are intended to help provide you with an estimate. Independent Bank Auto Loan Payments 5050 Poplar Ave., Suite 112 Memphis, TN 38157. Learn about lease buyout auto loans, Find more helpful tools and information at Better Money Habits®, Mon.- Fri. 8 a.m. – midnight ETSat. Use our online tools to compare different vehicle models and prices, find authorized dealers in your area, and apply for a loan for a specific vehicle. According to market data, the current rate for a 60-month new car loan is 4.93%, 4.87% for 48 months, and 5.57% for a 36-month used car loan. Use our auto loan calculator to check your monthly car payment. This preferred interest rate discount is not reflected in our published rates on our website but will be reflected in the interest rate quoted upon loan approval. Call your branch to confirm rates. We’ll also help you figure out what financing program is right for you. Buying the vehicle that compliments your lifestyle is important. Save time by purchasing your next vehicle at a Bank of America authorized dealer. I just started a free checking account and will most likely upgrade to an interest bearing account soon. Credit and collateral are subject to approval. Bank of America does not finance vehicles purchased from independent dealers other than CarMax®, Enterprise Car Sales and Carvana. Your car payment covers more than the cost of the car—and a lower payment may not always save you money. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Just like the price of a car, auto loan rates … Our online application allows you to select terms of 48, 60 or 72 months; you can discuss other terms with your loan officer after your application is submitted. We value your trust. With our no-fee application, you’ll quickly know your rate before you go to the dealer. Our goal is to give you the best advice to help you make smart personal finance decisions. Actual payment obligations with taxes, insurance, and assessments/association … Consequently, Bank … Please tell us where you bank so we can give you accurate rate and fee information for your location. Bank of America is not affiliated with these dealerships and does not require any particular dealership for your vehicle buying experience. Bank of America can help you feel more in control on the road to buying and financing your next vehicle. Example: A 5-year, fixed-rate new car loan for $37,000 would have 60 monthly payments of $ 659 each, at an annual percentage rate (APR) of 2.59 %. Standard underwriting guidelines and credit policies apply. The maximum preferred interest rate discount on a Bank of America auto loan is 0.50%. You have money questions. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. Like most banks these days the rates … Apply early so you know how much car you can afford. 2 reviews of Independent Bank "It's a bank, you keep your money there and get it when you need it - not complicated or surprising. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access Competitive rates on new or used vehicles; Pre-approval available for extra bargaining power; Refinance your current vehicle to potentially lower your rate… App Store is a service mark of Apple Inc. Android is a trademark of Google Inc. Samsung is a registered trademark of Samsung Electronics Co., Ltd. Contact Information. When you need a car loan, we’ll work with you to get you on the road in no time. Wells Fargo is a leading auto lender with more than 12,000 dealer relationships nationwide. When you’re ready, you can apply on your mobile device, online at bankofamerica.com, on the phone or in a financial center. Bankrate.com is an independent, advertising-supported publisher and comparison service. Our experts have been helping you master your money for over four decades. We also offer financing for lease buyouts, purchases from a private party, and refinances. If you prefer that we do not use this information, you may opt out of online behavioral advertising. There will be three main stages to the process. Bank of America, N.A. Here are the auto loan rates in Saginaw-Bay City-Midland, MI, as of 10 a.m. on Friday. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. A Red Ventures company. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Please try again, or use your mobile device to get the app from its app store. Discounts are only available on auto loan applications submitted by you to Bank of America and not applications submitted through dealerships. To set up automatic recurring payments from your Independent Bank … Online: To make car loan or auto loan … Then, in the Loan Approval stage, you may work with a Loan Specialist to discuss the best terms for your financing, submit any additional documents needed, and if approved, close your purchase or refinance. or the family-friendly minivan you need for your growing family. With the Bank of America team at your side, you’ll feel more in control every step of the way. Our systems are set up to accept "non-standard" payments, so if you want to make an extra payment toward your loan principal … We're sorry we weren't able to send you the download link. And finally, in the Servicing stage, when your financing is complete, you’ll receive your welcome package and first statement, and begin repaying your loan. The market constantly fluctuates, but a rate less than 5% generally is considered good. Monthly payment amounts vary by … Relationship-based ads and online behavioral advertising help us do that. We'll contact you when the application review is complete. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Please contact your nearest Independence Bank location for current rates… All authorized dealers can be found using the dealer locator tool. Rates to purchase a vehicle for smaller loan amounts, longer terms, … Learn more at https://www.bankofamerica.com/preferred-rewards/. ET. Financial Partners provides solutions for every stage of your financial life — from Savings to Checking Accounts, to Auto Loans and Home Loans. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. At Bankrate we strive to help you make smarter financial decisions. These discounts will be reflected in your individual APR quote if you are approved for a loan.New car (dealer):Example: A 5-year, fixed-rate new car loan for $37,000 would have 60 monthly payments of $358 each, at an annual percentage rate (APR) of %.Used car (dealer):Example: A 5-year, fixed-rate used car loan for $25,000 would have 60 monthly payments of $358 each, at an annual percentage rate (APR) of %.Refinance:Example: A 5-year, fixed-rate refinance loan for $23,000 would have 60 monthly payments of $358 each, at an annual percentage rate (APR) of %.Buy out your lease:Example: A 5-year, fixed-rate lease buy-out loan for $21,000 would have 60 monthly payments of $358 each, at an annual percentage rate (APR) of %.Private party:Example: A 5-year, fixed-rate private party loan for $20,000 would have 60 monthly payments of $358 each, at an annual percentage rate (APR) of %.View our Bank of America auto loan eligibility requirements for more information. Learn more about mobile banking options and supported devices, Bank of America auto loan eligibility requirements, Find more helpful tools and information at Better Money Habits. Can I refinance my existing auto loan through Bank of America? You’ll then be able to check the status of your application and upload and electronically sign any documents needed to process your loan. Other terms and conditions may apply. There are many factors that can impact how much your monthly payment will be. You’ll need at least a 640 credit score to get approved with Consumers Credit Union, but it offers the lowest APR of all the options on this list, so if you’re interested in securing the lowest possible rate… We want to help make an auto financing plan that suits your budget, and put you on the road to owning the best vehicle for your life style. If you don't see an app for your device, you may still be able to access our mobile website by typing bankofamerica.com in your mobile web browser. 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