Certain high value vehicles over 6 years old may be considered.We generally require that you fund a minimum of 20% (including trade-in) of the purchase price of new vehicles and a minimum of 20%-30% (including trade-in) for used vehicles (subject to credit qualification).Having a car loan on your report shows a new mix of credit, and can help improve your overall credit report.Additionally, if you make payments om time it shows you’re less of a risk to loan officers and banks.There are many reasons you may need some extra money and Citizens Bank has the products to fit your needs.Whether you're looking to buy or build a new home, purchase a new vehicle, or expand your business, we're here to help.
You might be offered a secured loan if you owe a lot of money or if you have a poor credit history.
Having a car loan makes you a cash buyer, which is the best start for getting a great deal on your new car.
Gathering all your debts together into one loan may help you get them under control. To really tackle your debts, make sure you get your spending in check too.
For some people, the progression of using credit to build a solid history for making large purchases such as buying a home begins with an auto loan.
Applying — and getting approved — for a credit card is a very simple process, but getting approved for a car loan is a bit more difficult.