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Vehicle Loans
Get on the road to your new (or used) car, boat or recreation vehicle. A Vehicle Loan from Monroe Bank & Trust offers competitive rates and expert MBTeam advice and service, making it the smart way to finance your new “ride.”
Features and Benefits
- Use for a variety of vehicle purchases, including new and used cars, boats, motorcycles, ATVs, etc.
- Expert MBTeam loan professionals help you prepare for the often complicated car-buying experience.
- Competitive rates.
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Current Rates
| Auto Loans |
| Year |
Term |
Rate |
APR |
| 2009 & 2010 |
60 Months |
6.75% |
7.26% |
| 2007 & 2008 |
60 Months |
7.25% |
7.77% |
| 2005 & 2006 |
48 Months |
7.75% |
8.38% |
| 2004 & Older |
42 Months |
9.25% |
9.97% |
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| Boat Loans |
| Amount Financed |
Term |
Rate |
APR |
| $50,000 & Up |
60/180 Month Note |
6.99% |
7.04% |
| $30,000 to $49,999 |
60/180 Month Note |
7.50% |
7.59% |
| $20,000 to $29,999 |
60/180 Month Note |
7.99% |
8.12% |
| $10,000 to $19,999 |
60/120 Month Note |
8.50% |
8.80% |
| $5,000 to $9,999 |
84 Month Note |
8.99% |
9.31% |
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| Recreation Vehicles |
| Amount Financed |
Term |
Rate |
APR |
| $50,000 & up |
60/ 180 Month Note |
7.50% |
7.55% |
| $25,000 to $49,999 |
60/ 180 Month Note |
7.75% |
7.86% |
| $10,000 to $24,999 |
60/ 180 Month Note |
8.25% |
8.52% |
| $5,000 to $9,999 |
60 Months |
10.50% |
11.36% |
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| New Motorcycle, ATV, and Personal Watercraft Loans |
| Year |
Term |
Rate |
APR |
| 2008 & 2009 |
48 Months |
12.00% |
12.54% |
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| Semi Tractor |
| Year |
Term |
Rate |
APR |
| 2008 & 2009 |
60 Months |
7.75% |
7.84% |
| 2006 & 2007 |
54 Months |
8.75% |
8.84% |
| 2004 & 2005 |
48 Months |
10.00% |
10.11% |
| 2003 & older |
42 Months |
11.00% |
11.12% |
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| Semi Trailer |
| Year |
Term |
Rate |
APR |
| 2008 & 2009 |
60 Months |
8.25% |
8.42% |
| 2004 - 2007 |
48 -54 Months |
9.75% |
9.94% |
| 2003 & older |
42 Months |
11.00% |
11.24% |
See important disclosure information below. |
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Choose an MBT Vehicle Loan, And Get Rolling
A Vehicle Loan from Monroe Bank & Trust is the perfect way to afford that shiny new set of wheels. But an MBT Vehicle Loan can be used for far more than traditional four-wheeled autos. From boats to ATV’s to motorcycles, we can get you into whatever moves you.
Choose from a variety of options to find the loan that best meets your needs. Plus, you’ll have the power of an MBTeam loan professional behind you, to advise you through the ins and outs of vehicle loans and prepare you for the car-buying experience.
By securing an MBT Vehicle Loan prior to purchase, you’ll have the piece of mind of knowing you're approved… and the leverage to get the best deal on the lot!
Call today - 734-242-7700 or 800-321-0032
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Best rate shown based on credit score. Rates displayed above may change at any time and without advance notice. It is the reader’s responsibility to verify rates with an MBT loan officer. All products and services are subject to Bank and credit approval.
The Annual Percentage Rate (APR) and payment amount will vary, and is determined by your collateral, term, loan amount and credit qualifications. There is a minimum loan amount of $2,000 for all automobiles, motorcycles and semi tractor/trailers. The minimum loan amount for boats and recreation vehicles is $5,000. $100 processing fee on all vehicle loans. For example, if you borrow $10,000 for 60 months at 6.75%rate/7.26% APR, the monthly payment is $199.25.
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