Auto Loan

Auto Loan Interest Rates

Rates as of January 30, 2025

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New Auto Loans

New Auto Loans
Credit Score*	Term	Interest Rate	APR**
740 & Above	0 to 48 Months - 0% Down Payment	7.50%	7.50%
740 & Above	49 to 60 Months - 0% Down Payment	7.75%	7.75%
740 & Above	61 to 72 Months - 0% Down Payment	8.00%	8.00%
700-739	0 to 60 Months - 0% Down Payment	8.75%	8.75%
650-699	0 to 60 Months - 20% Down Payment	10.50%	10.50%
649 & Below	0 to 48 Months - 20% Down Payment	12.50%	12.50%

New Auto Loan Payment Examples

New Auto Loans Payment Examples
Credit Score*	Term (months)	Amount Borrowed	Monthly Payment	Total Loan & Interest
740 & Above	48	$10,000	$241.79	$11,605.88
740 & Above	60	$10,000	$201.57	$12,094.16
740 & Above	72	$10,000	$175.33	$12,624.00
700-739	60	$10,000	$206.37	$12,382.38
650-699	60	$10,000	$214.94	$12,896.36
649 & Below	48	$10,000	$265.80	$12,758.41

Used 2023, 2022 & 2021 Auto Loans

Used Auto Loans
Credit Score*	Term	Interest Rate	APR**
740 & Above	0 to 48 Months - 0% Down Payment	8.00%	8.00%
740 & Above	49 to 60 Months - 0% Down Payment	8.50%	8.50%
700-739	0 to 60 Months - 0% Down Payment	9.00%	9.00%
650-699	0 to 60 Months - 20% Down Payment	10.50%	10.50%
649 & Below	0 to 48 Months - 20% Down Payment	12.50%	12.50%

Used 2023, 2022 & 2021 Auto Loan Payment Examples

Used Auto Loans
Credit Score*	Term (months)	Amount Borrowed	Monthly Payment	Total Loan & Interest
740 & Above	48	$10,000	$244.13	$11,718.19
740 & Above	60	$10,000	$205.17	$12,309.87
700-739	60	$10,000	$207.58	$12,455.05
650-699	60	$10,000	$214.94	$12,896.36
649 & Below	48	$10,000	$265.80	$12,758.41

Used 2020 Auto Loans

Used 2015 Auto Loans
Credit Score*	Term	Interest Rate	APR**
740 & Above	0 to 36 Months - 0% Down Payment	8.00%	8.00%
740 & Above	37 to 48 Months - 0% Down Payment	8.25%	8.25%
700-739	0 to 48 Months - 0% Down Payment	9.25%	9.25%
650-699	0 to 48 Months - 20% Down Payment	11.50%	11.50%
649 & Below	0 to 48 Months - 20% Down Payment	12.50%	12.50%

Used 2020 Auto Loan Payment Examples

Used 2015 Auto Loan
Credit Score*	Term (months)	Amount Borrowed	Monthly Payment	Total Loan & Interest
740 & Above	36	$10,000	$313.36	$11,281.13
740 & Above	48	$10,000	$245.30	$11,774.64
700-739	48	$10,000	$250.04	$12,001.87
650-699	48	$10,000	$260.89	$12,522.73
649 & Below	48	$10,000	$265.80	$12,758.41

Used 2019 Auto Loans

Used 2015 Auto Loan
Credit Score*	Term	Interest Rate	APR**
740 & Above	0 to 48 Months - 0% Down Payment	9.25%	9.25%
700-739	0 to 48 Months - 0% Down Payment	9.50%	9.50%
650-699	0 to 48 Months - 20% Down Payment	11.50%	11.50%
649 & Below	0 to 48 Months - 20% Down Payment	12.50%	12.50%

Used 2019 Auto Loan Payment Examples

Used 2014 Auto Loan
Credit Score*	Term (months)	Amount Borrowed	Monthly Payment	Total Loan & Interest
740 & Above	48	$10,000	$250.04	$12,001.87
700-739	48	$10,000	$251.23	$12,059.09
650-699	48	$10,000	$260.89	$12,522.73
649 & Below	48	$10,000	$265.80	$12,758.41

Used 2018 Auto Loans

Used 2013 Auto Loan
Credit Score*	Term	Interest Rate	APR**
740 & Above	0 to 48 Months - 0% Down Payment	9.25%	9.25%
700-739	0 to 48 Months - 0% Down Payment	10.00%	10.00%
650-699	0 to 36 Months - 20% Down Payment	11.50%	11.50%
649 & Below	0 to 36 Months - 20% Down Payment	13.50%	13.50%

Used 2018 Auto Loan Payment Examples

Used 2013 Auto Loan
Credit Score*	Term(months)	Amount Borrowed	Monthly Payment	Total Loan & Interest
740 & Above	48	$10,000	$250.04	$12,001.87
700-739	48	$10,000	$253.63	$12,174.00
650-699	36	$10,000	$329.76	$11,871.38
649 & Below	36	$10,000	$339.35	$12,216.72

Used 2017-2015 Auto Loans

Used 2012 Auto Loan
Credit Score*	Term	Interest Rate	APR**
740 & Above	0 to 36 Months - 0% Down Payment	12.50%	12.50%
700-739	0 to 36 Months - 10% Down Payment	13.25%	13.25%
650-699	0 to 36 Months - 20% Down Payment	13.50%	13.50%
649 & Below	0 to 36 Months - 20% Down Payment	16.00%	16.00%

Used 2017-2015 Auto Loan Payment Examples

Used 2012 Auto Loan
Credit Score*	Term(months)	Amount Borrowed	Monthly Payment	Total Loan & Interest
740 & Above	36	$10,000	$334.54	$12,043.28
700-739	36	$10,000	$338.14	$12,173.27
650-699	36	$10,000	$339.35	$12,216.72
649 & Below	36	$10,000	$351.57	$12,656.55

Used 2014 and Older Auto Loans

Used 2012 Auto Loan
Credit Score*	Term	Interest Rate	APR**
740 & Above	0 to 36 Months - 0% Down Payment	12.75%	12.75%
700-739	0 to 36 Months - 10% Down Payment	13.50%	13.50%
650-699	0 to 36 Months - 20% Down Payment	13.75%	13.75%
649 & Below	0 to 36 Months - 20% Down Payment	16.25%	16.25%

Used Older than 2014 Auto Loan Payment Examples

Used 2012 Auto Loan
Credit Score*	Term(months)	Amount Borrowed	Monthly Payment	Total Loan & Interest
740 & Above	36	$10,000	$335.74	$12,086.52
700-739	36	$10,000	$339.35	$12,216.72
650-699	36	$10,000	$340.56	$12,260.31
649 & Below	36	$10,000	$352.81	$12,700.93

Interest rates will be discounted 0.25% with Auto Pay from a Chemung Canal checking or savings account
All loans subject to credit approval
Interest rates and programs subject to change without notice

* Credit scores are based on information collected by credit bureaus and information reported each month by your creditors about the balances you owe and the timing of your payments. A credit score is a compilation of all this information converted into a number that helps a lender to determine the likelihood that you will repay the loan on schedule. The credit score is calculated by the credit bureau, not by the lender. Credit scores are calculated by comparing your credit history with millions of other consumers.