Auto Loans at Avidia Bank Massachusetts

Avidia Bank has had a long history of consumer lending.  The bank is new but its foundation is the merger of two banks, Hudson Savings Bank and Westborough Bank, which were both organized in 1869.  Avidia Bank’s banking activities continue to focus on consumer lending and serving the local businesses, individuals and families in communities throughout Central Massachusetts.

Avidia Bank lends money for a wide variety of purposes, including the purchase of a new or used car, a recreational vehicle, or mobile homes.  The bank also offers collateral loans, credit cards, personal unsecured loans-even loans through overdraft protection for their bank checking accounts.  Applying for a consumer loan including car loans is fast and easy at Avidia Bank and you can get an answer on your car loan applications in as little as 24 hours.

Car loan rates and terms for new model cars:

2009-2008 model years with 30% down payment: 
  36 month car loan rate is 5.99% APR 
  48 month car loan rate is also 5.99% APR  
  60 month car loan rate is at 5.99% APR

2009-2008 model years with 20% down payment:
  36, 48 and 60 month car loan rate is 5.99% APR

2009-2008 model years with 10% down payment:
  36, 48 and 60 month term car loan rate is 6.25% APR

Car loan rates and terms for used cars:

2008-2007 model years with 20% down payment: 
  36 month used car loan rate is 6.75% APR
  48 month term used car loan rate is 6.99% APR

2006 model years with 20% down payment: 
  36 month used car loan rate is 7.49% APR

2005-2003 model years with 20% down payment: 
  36 month used car loan rate is 7.99% APR

All auto loans through Avidia Bank are subject to a $20 Vendors Single Interest insurance fee.  The VSI fee insures the vehicle against physical damage in the event that insurance coverage is cancelled or lapses.  Auto loans also require an Insurance Binder naming Avidia Bank as “loss payee.”  Auto loan rates reflect discount for auto payment from an Avidia Bank account.  Add 1% for a coupon book.  Auto loan rates are subject to change without notice and additional conditions may apply.  For current auto loan rate information a bank customer service representative at 800-508-2265 or 978-562-2222.  The Avidia Bank website also contains loan information as well as current car loan rates, the web site can be found at www.avidiabank.com.

For current mortgage information visit www.selectcalculators.com.  For current CD rate information visit www.selectCDrates.com.

Tags: auto loan rates, auto loans, Avidia Bank, Car loan, car loan rates, Massachusetts bank, Massachusetts car loan, used car loans

This entry was posted on Saturday, March 21st, 2009 at 5:42 am and is filed under Car Loan Rates and Car Loan Promotions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.