U.S. Bank Auto Loan Info
With the U.S. Bank Auto Loan you have the possibility to get money to buy a new or used vehicle and pay it back in up to 6 years in easy monthly installments.
But the best part is that you can enjoy this financing from as low as 7.76% APR, adding the interest rate and fees.
If what you are looking for is a used car, you can get the best rate if the vehicle is no more than 6 years old, if the loan is greater than $35,000 USD and does not exceed 100% of the value of the car. Payments will also need to be made automatically from a U.S. Bank checking account.
In case you do not meet any of the above conditions, the interest rate will go up, depending on multiple factors, such as the state you live in, your income, your credit score, etc.
If you want to finance a new car, you can get up to 116% of the value of the vehicle, with no down payment. However, you must meet the creditworthiness requirements indicated by the bank.
Requirements to apply for this auto loan
In order to apply for a U.S. Bank auto loan you must meet the following conditions:
- Be at least 18 years of age and legally reside in the United States.
- Have a Social Security Number or Individual Taxpayer Identification Number (ITIN).
- Provide a driver's license or a state or military ID.
- Provide information about the car: make, model and year of manufacture, as well as the estimated value.
Español: Préstamo Auto de U.S. Bank