Auto Loans
Whether it’s a new car or a used car, Magyar Bank can help finance your new ride.
- New Vehicles: amounts up to $75,000 with various terms available
- Used Vehicles: amounts up to $75,000 with various terms available on vehicles no more than 3 years old
Automobile Loans |
Term |
Maximum Loan Amount |
Annual Percentage Rate (APR) |
New |
Up to 24 months | $75,000.00 | 8.500% |
| 25 to 36 months | $75.000.00 | 8.500% | |
| 37 to 60 months | $75,000.00 | 8.500% | |
Used |
Up to 24 months | $75,000.00 | 9.000% |
| 25 to 36 months | $75,000.00 | 9.000% | |
| 37 to 60 months | $75,000.00 | 9.000% |
APR (Annual Percentage Rate) effective as of June 16, 2022 and subject to change without notice. Down Payments New: 20% of purchase price including sales tax. New= 2022 & 2021 with less than 100 miles from licensed auto dealer. Can be leftover, but must have never been titled and previous model year only. Down Payments Used: 25% of purchase price including sales tax. Amount financed cannot exceed NADA retail value. Used=2021, 2020 and 2019 only. Demo models will be considered as used auto. Maximum loan amount: $75,000 New or Used. Equal Opportunity Lender. To apply, or for more information, call 1-888-990-2265. Loans subject to credit approval.