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Personal Banking Services
Auto/Recreational Vehicles

Are you looking for financing to purchase a new or used car, truck, motorcycle, or recreational vehicle? New England Bank offers a variety of financing terms available with flexible down payments depending on the age of the vehicle.

Rates as of Tuesday, August 31, 2010
Interest Rate Annual Percentage Rate Payment per $1,000 Closing Costs Apply
Auto Loans - NEW (90% LTV) term 72 months
5.250% 5.250% $16.22 $47.65
Auto Loans - USED (85% LTV) (2009/2010) term 66 months
6.000% 6.000% $17.83 $47.65
Auto Loans - USED (80% LTV) (2007/2008) term 60 months
6.500% 6.500% $19.57 $47.65
Auto Loans - USED (75% LTV) (2005/2006) term 48 months
6.750% 6.750% $23.83 $47.65
Auto Loan Disclaimers
  • Maximum financing is based on the "Average Retail Price" in the NADA used car guide.(net value of the vehicle only-excluding any sales tax, registration fees, etc.) 
  • NEW Auto/NEW small trucks financing based on price of the vehicle only, per sales contract.
  • An "Offer to Purchase" or "Sales Agreement" must be provided at or before settlement of the loan. If the title is in 2 names, both must sign the loan papers. 
  • Auto Loan APR's are based on $10,000, with a $30.00 VSI fee. 
  • Venders Single Interest Insurance is required on all vehicle loans; a one-time fee is collected at closing of $30.00. VSI insurance only protects the lender.  
  • Auto loans are available to non New England Bank customers.
  • Due to market fluctuations, programs, rates, terms and conditions are subject to change without notice.