Menu

Current Rates

Auto Loan Rates from Canal Bank

Rates as of March 10, 2026

New Auto

Loan Rates

Credit Score*	Term	Interest Rate	APR**
740 & Above	0 to 48 Months - 0% Down Payment	6.75%	6.75%
740 & Above	49 to 60 Months - 0% Down Payment	7.00%	7.00%
740 & Above	61 to 72 Months - 0% Down Payment	7.25%	7.25%
700-739	0 to 60 Months - 0% Down Payment	8.00%	8.00%
675 to 699	0 to 60 Months - 20% Down Payment	9.75%	9.75%
674 to 660	0 to 48 Months - 20% Down Payment	11.75%	11.75%

Payment Examples

Credit Score*	Term (Months)	Amount Borrowed	Monthly Payment	Total Loan & Interest
740 & Above	48	$10,000	$238.30	$11,438.66
740 & Above	60	$10,000	$198.01	$11.8880.75
740 & Above	72	$10,000	$171.33	$12,361.93
700-739	60	$10,000	$202.76	$12,674.56
675-699	60	$10,000	$211.24	$12,674.56
674 to 660	48	$10,000	$262.11	$12,581.48

Used 2025, 2024 & 2023 Auto

Loan Rates

Credit Score*	Term	Interest Rate	APR**
740 & Above	0 to 48 Months - 0% Down Payment	7.25%	7.25%
740 & Above	49 to 60 Months - 0% Down Payment	7.75%	7.75%
700-739	0 to 60 Months - 0% Down Payment	8.25%	8.25%
675-699	0 to 60 Months - 20% Down Payment	9.75%	9.75%
674 to 660	0 to 48 Months - 20% Down Payment	11.75%	11.75%

Payment Examples

Credit Score*	Term (Months)	Amount Borrowed	Monthly Payment	Total Loan & Interest
740 & Above	48	$10,000	$240.62	$11,550.12
740 & Above	60	$10,000	$201.57	$12,094.16
700-739	60	$10,000	$203.96	$12,237.79
675-699	60	$10,000	$211.24	$12,674.56
674 to 660	48	$10,000	$262.11	$12,581.48

Used 2022 Auto

Loan Rates

Credit Score*	Term	Interest Rate	APR**
740 & Above	0 to 36 Months - 0% Down Payment	7.25%	7.25%
740 & Above	37 to 48 Months - 0% Down Payment	8.00%	8.00%
700-739	0 to 48 Months - 0% Down Payment	8.50%	8.50%
675-699	0 to 48 Months - 20% Down Payment	10.75%	10.75%
674 to 660	0 to 48 Months - 20% Down Payment	11.75%	11.75%

Payment Examples

Credit Score*	Term (Months)	Amount Borrowed	Monthly Payment	Total Loan & Interest
740 & Above	48	$10,000	$240.62	$11,550.02
740 & Above	60	$10,000	$200.38	$12,022.77
700-739	60	$10,000	$205.17	$12,309.87
675-699	60	$10,000	$216.18	$12,970.75
674 to 660	48	$10,000	$262.11	$12,581.48

Used 2021 Auto

Loan Rates

Credit Score*	Term	Interest Rate	APR**
740 & Above	0 to 48 Months - 0% Down Payment	8.50%	8.50%
700-739	0 to 48 Months - 0% Down Payment	8.75%	8.75%
675-699	0 to 48 Months - 20% Down Payment	10.75%	10.75%
674 to 660	0 to 48 Months - 20% Down Payment	11.75%	11.75%

Payment Examples

Credit Score*	Term (Months)	Amount Borrowed	Monthly Payment	Total Loan & Interest
740 & Above	48	$10,000	$246.48	$11,831.18
700-739	48	$10,000	$247.67	$11,887.87
675-699	48	$10,000	$257.24	$12,347.71
674 to 660	48	$10,000	$262.11	$12,581.48

Used 2020 Auto

Loan Rates

Credit Score*	Term	Interest Rate	APR**
740 & Above	0 to 48 Months - 0% Down Payment	8.50%	8.50%
700-739	0 to 48 Months - 0% Down Payment	9.25%	9.25%
675-699	0 to 36 Months - 20% Down Payment	10.75%	10.75%
674 to 660	0 to 36 Months – 20% Down Payment	12.75%	12.75%

Payment Examples

Credit Score*	Term (Months)	Amount Borrowed	Monthly Payment	Total Loan & Interest
740 & Above	48	$10,000	$246.48	$11,831.18
700-739	48	$10,000	$250.04	$12,001.87
675-699	36	$10,000	$326.20	$11,743.37
674 to 660	36	$10,000	$335.74	$12,086.52

Used 2019-2017 Auto

Loan Rates

Credit Score*	Term	Interest Rate	APR**
740 & Above	0 to 36 Months - 0% Down Payment	11.75%	11.75%
700-739	0 to 36 Months - 10% Down Payment	12.50%	12.50%
675-699	0 to 36 Months - 20% Down Payment	12.75%	12.75%
674 to 660	0 to 36 Months - 20% Down Payment	15.25%	15.25%

Payment Examples

Credit Score*	Term (Months)	Amount Borrowed	Monthly Payment	Total Loan & Interest
740 & Above	36	$10,000	$330.95	$11,914.21
700-739	36	$10,000	$334.54	$12,043.28
675-699	36	$10,000	$335.74	$12,086.52
674 to 660	36	$10,000	$347.88	$12,523.62

Used 2016 and Older Auto

Loan Rates

Credit Score*	Term	Interest Rate	APR**
740 & Above	0 to 36 Months - 0% Down Payment	12.00%	12.00%
700-739	0 to 36 Months - 10% Down Payment	12.75%	12.75%
675-699	0 to 36 Months - 20% Down Payment	13.00%	13.00%
674 to 660	0 to 36 Months - 20% Down Payment	15.50%	15.50%

Payment Examples

Credit Score*	Term (Months)	Amount Borrowed	Monthly Payment	Total Loan & Interest
740 & Above	36	$10,000	$332.14	$11,952.18
700-739	36	$10,000	$335.75	$12,086.52
675-699	36	$10,000	$336.94	$12,129.80
674 to 660	36	$10,000	$349.11	$12,567.80

Interest rates will be discounted 0.25% with Auto Pay from a Canal Bank checking or savings account. All loans subject to credit approval. Interest rates and programs subject to change without notice

* Credit scores are based on information collected by credit bureaus and information reported each month by your creditors about the balances you owe and the timing of your payments. A credit score is a compilation of all this information converted into a number that helps a lender to determine the likelihood that you will repay the loan on schedule. The credit score is calculated by the credit bureau, not by the lender. Credit scores are calculated by comparing your credit history with millions of other consumers.

**APR = Annual Percentage Rate.

Why Canal

Business

Personal

Wealth

Education

Support

Get Mobile App

© 2024 Chemung Canal Trust Company. All rights reserved.
ABA Routing Transit #: 021301115
Toll-free: 800-836-3711