Haverhill Bank Auto Loans: Drive Your Dreams with Haverhill Bank Auto Loans

Haverhill Bank Auto Loans: Embarking on the journey to purchase a new or used vehicle is an exciting milestone. However, navigating the financial aspects can sometimes feel overwhelming. That’s where Haverhill Bank’s auto loans come into play, offering tailored solutions to put you in the driver’s seat with confidence.

Why Choose Haverhill Bank for Your Auto Loan?

At Haverhill Bank, we understand that every customer’s needs are unique. Our commitment is to provide personalized auto loan options that align with your financial goals, ensuring a seamless and stress-free car-buying experience.

Competitive Rates and Flexible Terms

We offer competitive interest rates for both new and used vehicle purchases. For new and used autos from model years 2023-2024, our rates are as follows:

36 months: 6.75% APR
48 months: 7.00% APR
60 months: 7.25% APR

For used auto purchases from model years 2017-2022, the rates are:

36 months: 7.50% APR
48 months: 7.75% APR
60 months: 8.00% APR

These rates are effective as of December 12, 2024.

Simple Application Process

Applying for an auto loan with Haverhill Bank is straightforward. We require a bill of sale and an insurance binder listing Haverhill Bank as the lienholder. Additionally, all auto loans require AutoPay from a new or existing Haverhill Bank account. Our team is here to guide you through each step, ensuring clarity and ease.

Loan Amounts and Financing Details

We finance up to 90% of the lesser of the sales price or NADA Average Retail Value, with maximum loan amounts of $50,000 for new and used auto purchases (model years 2023-2024) and $25,000 for used auto purchases (model years 2017-2022). This approach ensures you receive the necessary funds while maintaining manageable repayment terms.

Understanding the Auto Loan Landscape

It’s essential to be informed about current market rates. As of November 2024, the average auto loan interest rate in Haverhill, Massachusetts, was approximately 6.63% APR for new auto loans. Haverhill Bank’s rates are competitive within this market, providing you with favorable financing options.

Additional Services to Enhance Your Experience

Beyond auto loans, Haverhill Bank offers a range of services to support your financial journey:

Personal Loans: Whether you’re looking to consolidate debt or fund a personal project, our personal loans come with competitive rates and convenient repayment schedules.
Online Account Access: Manage your loan payments and monitor your account with ease through our online banking platform.

Your Partner in the Car-Buying Journey

At Haverhill Bank, we’re more than just a lender; we’re your partner in achieving your automotive dreams. Our dedicated team is here to provide personalized assistance, ensuring you find the loan option that best suits your needs.

Get Started Today

Ready to take the next step? Visit our website or contact one of our friendly representatives to begin your auto loan application. Let’s drive your dreams forward together!

Note: Rates and terms are subject to change. Please consult with a Haverhill Bank representative for the most current information.