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The Owner's Optionª is an alternative to conventional
auto financing. This unique loan is popular for customers
who:
-
Trade cars every three or four years.
-
Don't enjoy dealing with a trade-in.
-
Like low monthly payments.
-
Want to have minimal auto investment.
-
Desire "Pride of Ownership".
-
Like the option of refinancing the balance at maturity,
or walk away without further obligation.
With
the skyrocketing prices of today's cars and trucks,
the Owner's Option from First Bank allows qualified
customers to purchase a new vehicle without overextending
their budget. There are no hidden costs, no acquisition
fees, and no turn-in fees. The Owner's Optionª
offers the advantages of leasing without a lease.
Down
Payment
First
Bank will generally finance 90% of the manufacturers
suggested retail price for new vehicles or 90% of NADA
value for used vehicles.
Loan
Terms
The
term of our Owners' Option automobile loans is determined
by the the age of the automobile, the mileage on it,
and the miles you drive per year. The following table
can be used as a general guide to the terms of our normal
auto financing:
|
Model
Year
|
Maximum
Term
|
| 2000 |
60 mos. |
| 1999 |
48 mos. |
Interest
Rate
First
Bank utilizes a pricing matrix to determine the
interest rate on loans. This matrix takes into account
your payment history with our bank, your credit bureau
report, payment to income ratios, and loan to collateral
values. The less risk in the loan the lower the interest
rate. For a quote on the interest rate you would receive
on a First Bank auto loan, please complete and
submit the Loan Application. Upon completing our credit
approval process, we will quote you an interest rate
and terms on your loan.
Inquire Now
About Owners Option Auto Financing
To speak with a Owners Option Auto Financing representative,
contact Jack Martin at (618) 382-4118 or
customer-service@surffirst.com.
NADA
Auto Pricing Guide
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