Your monthly auto loan payment is based on the net purchase price of the vehicle, the loan term, and the interest rate for the loan. The loan amount is based on the net purchase price of the vehicle (plus sales tax) or the vehicle price less any cash rebate, trade-in, or down payment. If you have an outstanding balance on the vehicle you trade-in, that amount is added to the price of the vehicle you are purchasing.
If you are considering the purchase of a new vehicle, Adirondack Regional Federal Credit Union offers some of the best vehicle loan rates in Northern NY. Contact our team today and we can help get you into a new car!