When it comes to getting you in the driver’s seat of a new or newer vehicle, we do all we can to make it happen. Not only do you get competitive rates and flexible repayment options with a DUCA car loan, pre-approved financing gives you negotiating power to get the car, truck or SUV you really want and the deal you really deserve.If you’re leaning toward buying an environmentally-friendly hybrid vehicle that’s lower in emissions, we’ll show our support by giving you a lower interest rate. We call it our Go Green Car Loan and it’s our way of saying ‘thank you’ for doing your part for our local and global environment.
Annual Interest Rate
Dealer - New Car
There are two basic parts to the total cost of car loan payments: principal and interest.
The principal is the negotiated cost of the vehicle itself.
The interest is the total amount of the costs accrued over the life of the loan based on the principal amount and the stated interest rate.
An interest rate is a basic rate charged to the borrower for the money loaned. The interest rate is normally expressed as a percentage for a one-year period and known as the annual percentage rate (APR).
The down payment is an upfront amount of cash paid by the borrower at the time of the purchase of the vehicle. It is usually expressed in terms of a percentage of the total price. It is not a legal requirement when taking out a car loan, but is almost always required by the lender.