The quoted APR for each term shown assumes a $15,000 loan amount, as well as loan fees of $29.74 included in the calculation for customers with an existing bank relationship. Higher loan fees may apply for customers without an existing bank relationship.
A $15,000 loan with a 5 year term on 2012 and newer vehicles would have 60 monthly principal and interest payments of $266.70.
The quoted rates assume the customer has a credit score of 740 or better and an existing EDSB relationship. More rates are available for lower credit scores. Please contact a bank representative for rate information.
Automobiles older than 10 years will qualify for a 1 year term only.
The 60 month APR of 2.574% is available for vehicles 2012 and newer only.