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 |
6.49% |
6.74% |
48 months |
6.59% |
6.84% |
60 months |
6.79% |
7.04% |
72 months |
7.34% |
7.59% |
|
|
|
Used Car Rates
Terms |
Automatic Payment Interest Rate* |
Standard Interest Rate |
36 months |
6.64% |
6.89% |
48 months |
6.94% |
7.19% |
60 months |
7.24% |
7.49% |
* 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 $766.11; a $25,000 loan for 48 months would have monthly payment of $593.91; a $25,000 loan for 60 months would have monthly payment of $492.56; and a $25,000 loan for 72 months would have a monthly payment of $430.32.
Based on a used car loan amount of $25,000 and a term of 36 months, the monthly loan payment is $767.82 a $25,000 loan for 48 months would have a monthly payment of $597.96; a $25,000 loan for 60 months would have a monthly payment of $497.87.
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 $768.96; a $25,000 loan for 48 months would have monthly payment of $596.80; a $25,000 loan for 60 months would have monthly payment of $495.50; and a $25,000 loan for 72 months would have a monthly payment of $433.34.
Based on a used car loan amount of $25,000 and a term of 36 months, the monthly loan payment is $770.67; a $25,000 loan for 48 months would have a monthly payment of $600.86; a $25,000 loan for 60 months would have a monthly payment of $500.83.
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