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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 NMLS#2016086 443-981-1243

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