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Teen Auto Loan Rates – New & Used

Term Minimum Loan Amount APR1,2,3,4 Estimated Monthly Payment per $1,000
1 - 3 Years
2.24% - 11.99%
$84.35 - $33.20
4 Years
2.24% - 11.99%
$21.80 - $26.33
5 Years
2.74% - 12.49%
$17.86 - $22.49
6 Years
3.24% - 14.49%
$15.31 - $20.87

Teen Platinum Visa Credit Card Rates

Introductory APR5 Fixed APR6,7 Annual Fee
Teen Platinum Visa

Teen Credit & Savings Builder Rates

Term Loan Amount APR8,9 Estimated Monthly Payment
9 Months

What does all this stuff mean?

APR, which stands for Annual Percentage Rate, is the interest rate a lender would charge you if you were to borrow money from them. This rate is usually calculated based on your creditworthiness.

This is the amount you’d pay every month for every $1,000 you borrow, based on your interest rate (APR).

For example, let’s say you borrowed $5,000 and your estimated monthly payment per $1,000 was $25. We know $5,000 divided by $1,000 is 5. So, to calculate your monthly payment, you’d multiply $25 by 5, which equals $125 you’d pay per month on the loan.

An introductory APR is a low promotional interest rate a lender gives new customers for a set number of months after they open the account.

This is the lowest amount of money you can borrow for the length of the loan term.

When you take out a loan, you’ll pay it back slowly over time through monthly payments. The amount of time the lender gives you to repay your loan is called the loan term.

Printable Rate Sheet

Auto Loans
1Teen must be 16 years old to apply. 2Parent required on account and must meet credit qualifications. 3APR = Annual Percentage Rate. Rates are subject to change without notice. Rates and terms may vary depending on approved loan amount. Your rate may be higher depending on individual credit qualifications, account history and collateral value. Maximum rate of 18%. 4An additional 0.25% discount is available with a down payment of at least 10%. A down payment may be required. Some restrictions apply. Maximum loan-to-value is based on member qualifications. Vehicles with mileage in excess of 150,000 may be subject to a rate adjustment of 1%.

Visa Credit Cards
5APR = Annual Percentage Rate. Standard introductory period is six (6) billing cycles. 6Teen must be 16 years old to apply. 7Parent required on account and must meet credit qualifications. Maximum rate is 12.50% and subject to change. Limit amount is $500.

Credit & Savings Builder
8APR = Annual Percentage Rate. 9Teen must be 16 years old to apply.