Loan Information

Auto Refinancing

Compare Our Rate

Did you finance your car through the dealer? If so, you might have sacrificed rate for rebate on that special deal. At Dollar Bank, we invite you to compare your auto loan rate to our current auto rates. In fact, if you've financed your new car within the last six months, we will finance the current remaining loan balance at our new car rate.

How Much Can You Save?

That depends on the difference between the rates and the term of the loan. The greater the difference and the longer the term, the more you can save on interest. A lower rate also will lower your payment for the same term.

The chart at the bottom of the page shows an example of how much you can save in interest and payments, assuming the terms of the loans are identical.

 OLD RATENEW RATE
Rate (Fixed)9.99%APR8.74%APR*
Term60 months60 months
Amount Financed$12,000$12,000
Monthly Payment$ 254.06$ 247.59
Sum of Payments$15,243.60$14,855.33
Interest$ 3,243.60$ 2,855.33

In the example shown, you could save up to $388 in interest expense as you pay off your loan. Of course, savings may vary based on the terms and conditions of the loans compared. Please speak to a Dollar Bank Representative about how you can save on your auto loan today.

*Rate and offer subject to change without notice. 8.74% APR is an example rate only for fixed rate auto loans. This rate results in 60 monthly payments of $20.63 per $1,000 borrowed, and is for new cars or new cars purchased less than six months ago.

To try our loan calculators, click here.

The information presented in this publication is general in nature; it is not our intention to provide specific advice to individuals or a comprehensive discussion of the subject matter. We suggest that you consult with your financial or tax advisor, accountant or attorney to obtain specific advice or comprehensive information.
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