New Auto Loan FAQ
Q: What qualifies as a new auto loan?
A: Vehicles manufactured within the last year, 365 days to be exact, are eligible for a new auto loan from Arbor Financial.
Q: How can I extend my new auto loan terms?
A: Extended auto term lengths of 85-96 months are only available to borrowers who meet certain criteria. You must purchase a vehicle with a maximum age of two years, borrow a minimum of $45,000, and possess a qualifying credit score. Please contact us for additional information.
Q: How can I get the lowest possible rate on my new auto loan?
A: Similar to other loans, lower APR rates are available for borrowers who have prime credit scores, a lower debt to income ratio, and a satisfactory debt repayment history. If you have questions or concerns about your projected APR, please contact us.