car truck boat loan rates Eastern Michigan Bank

Rates and Terms as of August 26, 2024

New and Used Car and Truck Loans

Year	Term	Rate as low as	APR¹ as low as
2018 - 2024	60 mos.	6.69%	6.69%
	72 mos.	6.79%	6.79%
	84 mos.²	6.89%	6.89%
2015 - 2017	60 mos.	7.04%	7.04%
2014	60 mos.³	9.69%	9.69%

¹APR = Annual Percentage Rate. Payment example: On a $25,000 loan at 6.69% with a 60-month term, you would make 60 monthly principal and interest payments of $491.41. Actual rate may vary based on your credit score, actual loan amount is subject to NADA value, and a 10% down payment may be required. Older vehicle financing may be available. For additional details contact an Eastern Michigan Bank location near you.

²Loan amount must be $20,000 or higher to be eligible for an 84-month term.

³Loan amount must be $10,000 or higher to be eligible for a 60-month term.

Motorcycles, 4-Wheelers, UTVs, Snowmobiles, and Personal Watercraft

Year	Term	Rate as low as	APR¹ as low as
2018 - 2024	60 mos.	7.50%	7.50%
2018 - 2024	84 mos.	8.00%	8.00%

¹APR = Annual Percentage Rate. Payment example: On a $20,000 loan at 7.50% with a 60-month term, you would make 60 monthly principal and interest payments of $400.76. Your actual rate may vary based on your credit score. Actual loan amount is subject to NADA value and a 10% down payment may be required. For additional details contact an Eastern Michigan Bank location near you.

Boats, Travel Trailers and Motor Homes

Year	Term	Rate as low as	APR¹ as low as
2018 - 2024	60 mos.	8.50%	8.50%
2018 - 2024	84 mos.	9.00%	9.00%
2018 - 2024	144 mos.	9.49%	9.49%

¹APR = Annual Percentage Rate. Payment example: On a $25,000 loan at 8.50% with a 60-month term, you would make 60 monthly principal and interest payments of $512.91. Your actual rate may vary based on your credit score. Actual loan amount is subject to NADA value and a 20% down payment may be required. For additional details contact an Eastern Michigan Bank location near you.

Recreational Vehicles and Boats $50,000 and Above

Year	Term	Rate as low as	APR¹ as low as
2017 - 2023	180 mos.	10.00%	10.00%

¹APR is Annual Percentage Rate. Payment example: On a $50,000 loan at 10.00% with a 180-month term, you would make 180 monthly principal and interest payments of $537.30. Your actual rate may vary based on your credit score. Actual loan amount is subject to NADA value and a 20% down payment may be required. Older vehicle financing may be available. For additional details contact an Eastern Michigan Bank location near you.

RVs and Boats over $100,000

Please contact your nearest Eastern Michigan Bank location for terms and pricing.

Boats and Motor Homes, Model Years 2012 - 2016