car truck boat loan rates Eastern Michigan Bank

Rates and Terms as of January 9, 2025

New and Used Car and Truck Loans

Year	Term	Rate as low as	APR¹ as low as
2020 - 2025	60 mos.	5.99%	5.99%
	72 mos.	6.19%	6.19%
	84 mos.	6.29%	6.29%
2017 - 2019	60 mos.	6.84%	6.84%
2016	60 mos.	9.69%	9.69%

¹APR = Annual Percentage Rate. Payment example: On a $25,000 loan at 5.99% with a 60-month term, you would make 60 monthly principal and interest payments of $483.20. Actual rate may vary based on your credit score, actual loan amount is subject to NADA value, and a 15% down payment may be required. Older vehicle financing may be available. For additional details contact an Eastern Michigan Bank location near you.

Motorcycles, 4-Wheelers, UTVs, Snowmobiles, and Personal Watercraft

Year	Term	Rate as low as	APR¹ as low as
2018 - 2025	60 mos.	7.50%	7.50%
2018 - 2025	84 mos.	8.00%	8.00%

¹APR = Annual Percentage Rate. Payment example: On a $20,000 loan at 7.50% with a 60-month term, you would make 60 monthly principal and interest payments of $400.76. Your actual rate may vary based on your credit score. Actual loan amount is subject to NADA value and a 10% down payment may be required. For additional details contact an Eastern Michigan Bank location near you.

Boats, Travel Trailers and Motor Homes

Year	Term	Rate as low as	APR¹ as low as
2018 - 2025	60 mos.	9.25%	9.25%
2018 - 2025	84 mos.	9.75%	9.75%
2018 - 2025	144 mos.	10.00%	10.00%

¹APR = Annual Percentage Rate. Payment example: On a $25,000 loan at 9.25% with a 60-month term, you would make 60 monthly principal and interest payments of $522.00. Your actual rate may vary based on your credit score. Actual loan amount is subject to NADA value and a 20% down payment may be required. For additional details contact an Eastern Michigan Bank location near you.

Recreational Vehicles and Boats $100,000 and Above

Year	Term	Rate as low as	APR¹ as low as
2018 - 2025	180 mos.	10.50%	10.50%

¹APR is Annual Percentage Rate. Payment example: On a $100,000 loan at 10.50% with a 180-month term, you would make 180 monthly principal and interest payments of $1,105.40. Your actual rate may vary based on your credit score. Actual loan amount is subject to NADA value and a 20% down payment may be required. Older vehicle financing may be available. For additional details contact an Eastern Michigan Bank location near you.

RVs and Boats over $200,000

Please contact your nearest Eastern Michigan Bank location for terms and pricing.

Boats and Motor Homes, Model Years 2013 - 2017