If you're ready for a new or used car, pull up to Sovereign for personal service and fast approvals that will put you in the passing lane in no time.
With a completed loan application, a copy of a Dealer Purchase Order (if applicable) and written verification of income/employment, Sovereign can give you a green light in 24 hours or less.
Calculate Your Auto Loan Rate
So that we may customize your rate, please answer the following questions and
your rate will be displayed. APR, terms, and conditions are
subject to change without notice.
Where will the
car be registered?
Are you purchasing a new or used car?
New
Used
For how long would you like to borrow the
money?
What
model year is the car?
Are you
interested in having your payment automatically deducted from your Sovereign
Account with e-Pay*?
Yes
No
You must select a
state
You must select a
term
You must select a
year
Your rate could not be found at this time, please call
877-SOV-BANK for more information.
At this time we do not offer this loan product to residents of your home state.
Financing up to 100% of NADA Retail value.
New Vehicle Loans
Terms up to 72 months
No down payment plans
Values to $75,000
Used Vehicle Loans**
Terms up to 60 months ('06—'09 vehicles)
Terms up to 48 months ('04—'05 vehicles)
Terms up to 36 months ('03 vehicles)
No down payment plans
Values to $75,000
Auto Loan Topics in Tools & Planning
Is an auto loan the best way to hit the road? Or should you use a home equity loan instead? For helpful information, use our calculators below:
Auto loans offered only as service to new or existing Sovereign Bank deposit customers.
*E-Pay is a pre-authorized electronic payment that is automatically deducted from your Sovereign checking, money market, or statement savings account. If you have a Sovereign Premier Checking or a Premier Money Market Savings account and elect to have your minimum monthly payments deducted from a Sovereign checking, money market or statement savings account, your annual interest rate will be reduced by .50%. If you do not have a Sovereign Premier Checking account or Premier Money Market Savings account and elect to have your minimum monthly payments deducted from a Sovereign checking, money market or statement savings account, your annual interest rate will be reduced by .25%. Based on a $10,000 new car loan for 5 years at an APR of 7.99%, or a used car loan of $10,000 at 8.74% APR for 4 years, you would make 60 monthly payments of $202.72, or 48 monthly payments of $247.62, respectively.
*All rates are annual percentage rates (APRs). Based on a $10,000 new car loan for 5 years at an APR of 7.99%, or a used car loan of $10,000 at 8.74% APR for 4 years, you would make 60 monthly payments of $202.72, or 48 monthly payments of $247.62, respectively. Models older than 1999 will be considered on an exception basis, with rates and terms to be determined. You can save up to .50% by using e-pay from a Sovereign account.
*Your annual percentage rate (APR) assumes that you have a Sovereign Ultimate, Elite or Premier Checking or a Premier Money Market Savings account and elect to have your minimum monthly payments deducted from a Sovereign checking, money market or statement savings account. Based on a $10,000 new car loan for 5 years at an APR of 7.99%, or a used car loan of $10,000 at 8.74% APR for 4 years, you would make 60 monthly payments of $202.72, or 48 monthly payments of $247.62, respectively. Models older than 1999 will be considered on an exception basis, with rates and terms to be determined.
** 2009 - 2010 vehicles with 5,000 miles or more are considered used.
Purpose: For the purchase or refinance of new or used motor vehicles (auto,van or truck), primarily for personal use.
Minimum Amount: $3,000
Fees: Refinances subject to a Lien Recording fee at time of closing.
Additional details can be found in Auto Loan Guidelines.
Be sure to call our loan rate hotline at 1-877-SOV-BANK or email sdnet@sovereignbank.com for rate confirmation.
Your privacy is important to us. This section of our Website is not secure, so please do not submit any information you consider confidential such as Social Security Number or Account Numbers. Please include name, address, and telephone number so we may respond to you.
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