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Additional products you may be interested in |
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To get the Sovereign Bank automobile loan APR shown, you must reside in MA, RI, CT, NH, NJ, PA, NY, MD, DE, ME, VT or DC, must have or open a Sovereign checking account and authorize automatic payment (ePay) from that account. The APR and payment on your loan may increase if automatic payment from the qualifying account is discontinued. The advertised rate is one of our best rates. The rate for which you qualify will be based on your credit history, vehicle age, down payment (if any), loan amount as a percentage of vehicle value, loan term and the payment option you select. Minimum loan amount is $5,000. Maximum loan amount is $75,000. Loans are available to finance up to 100% of the value of the vehicle offered as collateral. The monthly payment amount on a $25,000 loan secured by a new vehicle with a 60 month term, 80% LTV and 2.99% APR is $449.11. Sixty month terms on used vehicle loans are available on loans secured by 2005 through 2011 model year vehicles. Seventy-two month terms are available only on loans secured by new vehicles (2010 or 2011 model year vehicles with 5,000 or fewer miles) and do not qualify for our lowest standard rates. Older vehicles require shorter loan terms. Rates and other terms accurate as of 8/23/11 and may change thereafter. Applications subject to approval. Please stop by any Sovereign Bank branch or call 1.877.4.SOV.LOAN (1.877.476.8562). |
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2010-2011 vehicles with 5,000 miles or more are considered used. Subject to credit approval, Sovereign Bank will also make loans secured by vehicles having model years from 2004 to 2009. |
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Eligibility requirements, terms, conditions and exclusions apply. Ask for details. |
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Your privacy is important to us. This section of our Website is not secure, so please do not submit any information you consider confidential such as Social Security Number or Account Numbers. Please include name, address, and telephone number so we may respond to you. |
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