Auto Loans

When you finance with PeoplesBank:

• Local lenders – lending decisions are made locally, so you’re not a faceless number.
• Competitive rates and terms.
• Enjoy a fast application and approval process.

We pride ourselves on our friendly. community-oriented client service and offer a transparent lending experience. We’ll work with you to determine the best way to meet your unique financial goals.

How to Finance a Used Auto

If you’re thinking about financing a used auto, it can help to take a few precautionary steps:

• Know your credit score before you apply. Knowing what’s in your credit score will give you an idea of the used auto loan interest rate and terms you can expect.
• Be honest when applying. When applying for a used auto loan, it’s important to give prospective lenders accurate information on the application. Be prepared to provide personal information, such as your social security number, bank account numbers and credit card information during the loan process, since these numbers are used to match the specifics on your credit report to your application.

After securing your used auto loan, it’s important to make your payments on time. This will allow you to build equity in your auto and protect good credit. Making loan payments on time will also steer you away from loan default, dings on your credit report and the repossession of your vehicle.

To ensure you make payments on time, try setting up autopay from your savings or checking account. This ensures that you make your automatic payment on a specific day each month.

View Our Auto Loan Rates

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