Details | U.S. Bank Green Auto Discount


Funder

 

US Bank

Implementer

 

US Bank

Description

 

Offers a 0.5% off the interest rate on U.S. Bank Car Loan when customers purchase of your new or used EPA Certified SmartWay Vehicle. Some lenders offer green vehicle programs only on new or nearly new vehicles, hybrids or high gas mileage vehicles. At U.S. Bank, eligible vehicles include all EPA Certified SmartWay autos and light trucks from the current model year through the six previous model years. Terms include: Rates as low as 2.87% APR are available for 3-year auto loans $10,000 and higher at 100% loan-to-value (LTV) or less. Rates may be higher for loans to purchase a vehicle from a private party, smaller loan amounts, longer terms, vehicles older than 6 model years and a lower credit score. In order to receive the lowest rate advertised, a setup of automatic payment from a U.S. Bank Consumer Checking Package is required. Automatic payments are not required for loan approval. The Consumer Pricing Information brochure lists terms and conditions that apply to Consumer U.S. Bank Checking Packages and can be obtained by calling 800.872.2657. Loan fees apply. Loan payment and APR will vary based on the loan amount, the term, and any fees. Origination fees vary by state and range from $50 to $125 or up to 1% of the loan amount. Loan payment example: a $10,000 automobile loan at a 2.06% Interest rate for 36 months with a $125 origination fee will have a 2.87% APR and a $290.27 monthly payment. An early closure fee of 1% of the original loan amount applies if the account is closed within 1 year, with a $50 minimum and $100 maximum. There may be a title registration fee which is determined by your state of residence. Promotion is not valid for refinances of current U.S. Bank auto loans. Offer is subject to credit qualifications. Rates are available for applications taken from March 17, 2017 to April 7, 2017 and are subject to change. Some additional restrictions may apply. Installment loans are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Secured Loan

Category

 

Financing

Territory

 

United States

Applicant type

 

Private Resident

Project

 

Real Estate and Asset Purchases

Sector

 

Commercial  |  Residential

Sub-sector

 

Multi Family  |  Single Family

Sustainability

 

Electric Vehicles

Additional website

 

Small business

 

False

Disadvantaged communities

 

False

Cost sharing amount

 

None

Cost sharing percent

 

None

Cost sharing note

 

Minimum repayment years

 

None

Maximum repayment years

 

None

Interest rate comment

 

Incentive