Used Vehicle Loans
Thinking of buying a used car? The First, with locations throughout Bucks County, offers loans for used cars at very competitive rates.
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Used Car Loan Rates
| Vehicle Age: up to 2 years | |
|---|---|
| Fixed Annual Percentage Rate | 10 % |
| Maximum Term | 48 months |
| Downpayment Required | 30 % |
| Vehicle Age: up to 3 years | |
|---|---|
| Fixed Annual Percentage Rate | 11 % |
| Maximum Term | 36 months |
| Downpayment Required | 30 % |
| Vehicle Age: up to 4 years | |
|---|---|
| Fixed Annual Percentage Rate | 11 % |
| Maximum Term | 24 months |
| Downpayment Required | 30 % |
| Vehicle Age: up to 5 years | |
|---|---|
| Fixed Annual Percentage Rate | 12 % |
| Maximum Term | 24 months |
| Downpayment Required | 50 % |
* It may be more economical to finance your vehicle with a home equity loan.
Pay one of three convenient ways.
- Automatic withdrawal from an account at The First
- Coupon book for payments by mail or at any branch of The First
- Via Online Banking
- At 10%, the payment for each $1000 borrowed over a period of 48 months is $25.36 per month.
For a $10,000 loan at 10% for 48 months, the payment would be $253.63 per month. - At 11%, the payment for each $1000 borrowed over a period of 36 months is $32.74 per month.
For a $10,000 loan at 11% for 36 months, the payment would be $327.39 per month. - At 11%, the payment for each $1000 borrowed over a period of 24 months is $46.61 per month.
For a $5,000 loan at 11% for 24 months, the payment would be $233.04 per month. - At 12%, the payment for each $1000 borrowed over a period of 24 months is $47.07 per month.
For a $5,000 loan at 12% for 24 months, the payment would be $235.37 per month.
Rates and terms may be higher for heavy-duty commercial vehicles. Contact a loan officer for details. Loan is subject to credit approval.
Additional Resources
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AnnualCreditReport.com
Personal Financial Statement Form
The First’s SAFE Act/NMLS ID Numbers
Apply Online
Download Loan Application
Buying a new car can seem like an attractive option until you realize how quickly it depreciates in value as soon as you drive it off the lot. That’s why a used vehicle may be the best decision when choosing cars and car loans. A car is one of the most expensive purchases you’ll make, but it doesn’t mean you should pay more for your loan than you need to. When you buy a pre-owned car, you can avoid pressure from salespeople at dealerships as well as extra, hidden fees that come with the purchase of a new vehicle. And when you need to finance your used vehicle purchase, enjoy the benefits of choosing a community bank as your lender instead of going with the car company’s default lender.
The First is proud to be your local lender, offering opportunities to finance a used car with flexible loan plans at competitive interest rates. With a low down payment, you can drive away in the car of your choice. Our loan officers will personalize your experience, ensuring the best customer care with friendliness and efficiency. You can also feel good about choosing a local bank that invests its profits in your community.