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Used Vehicle Loans illustration

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.

Call us today at 215-579-3409 for more information or visit your nearest branch in Newtown, Doylestown, Warminster, Richboro, Jamison, Langhorne, Levittown, Fairless Hills, Solebury, Washington Crossing, or Wrightstown to learn more about vehicle loans from the bank that generations of Bucks County families have counted on since 1864.

Used Vehicle Rates

Vehicle Age: up to 2 years
Fixed Annual Percentage Rate 6.00 %
Maximum Term 48 months
Downpayment Required 30 %
Vehicle Age: up to 3 years
Fixed Annual Percentage Rate 7.00 %
Maximum Term 36 months
Downpayment Required 30 %
Vehicle Age: up to 4 years
Fixed Annual Percentage Rate 7.00 %
Maximum Term 24 months
Downpayment Required 30 %
Vehicle Age: up to 5 years
Fixed Annual Percentage Rate 8.00 %
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 6.00%, the payment for each $1000 borrowed over a period of 48 months is $23.49.
    For a $10,000 loan at 6.00% for 48 months, the payment would be $234.85 per month.
  • At 7.00%, the payment for each $1000 borrowed over a period of 36 months is $30.88.
    For a $10,000 loan at 7.00% for 36 months, the payment would be $308.77 per month.
  • At 7.00%, the payment for each $1000 borrowed over a period of 24 months is $44.77.
    For a $5,000 loan at 7.00% for 24 months, the payment would be $223.86 per month.
  • At 8.00%, the payment for each $1000 borrowed over a period of 24 months is $45.23.
    For a $5,000 loan at 8.00% for 24 months, the payment would be $226.14 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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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.