Please contact your local UMB branch for more information. Additional terms and conditions apply including vehicle restrictions, such as age and mileage. Consumer titled, personal use vehicles only. Refinancing is not available for existing UMB auto loans. All loans are subject to credit and collateral approval. The average rate on new car loans in November was 7.4 percent, up slightly from the start of the year, according to. Featured Auto rates are based on 2016 or newer model years and 36 month. Your rate may be higher depending on your credit history, loan purpose, amount, term, and vehicle year. Best rate available to well-qualified borrowers with a credit score of 780 and above. The auto loan calculator lets you estimate monthly payments, see how much total interest you’ll pay and the loan amortization schedule. Rate subject to change and includes a 15 loan servicing fee. For example, a $10,000 loan with an APR of 6.59 percent can be repaid in 60 monthly payments of $196.08 each. An auto loan is a secured loan used to buy a car. Based on an APR of 6.59 percent, the loan can be repaid in 60 monthly payments of $19.61 per $1,000 borrowed. According to Experian’s State of the Automotive Finance Market report, the average auto loan interest rate for new cars in 2023’s second quarter was 6. Your APR may be higher depending on the model year of the vehicle and your checking account relationship with UMB. An origination fee of $250 may apply, depending on your checking account relationship with UMB. The annual percentage rate (APR) shown is for new vehicles model years 2023 and newer and includes a waiver of the origination fee, which requires an active UMB Select Checking ® account (new or existing) and a maximum term of 60 months. Advertised APR includes 0.25 loan rate discount with MyStyle Checking.
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