The National Bank of Arizona is a community-focused bank that is offering some surprisingly good auto finance deals. For instance, consumers with good credit may be eligible for Arizona car loans with interest rates of less than 5%. Often, such low rates have a catch: short finance periods. Not so with these NBAZ auto loans, which can be had at terms of up to 5-6 years (60-72 months). Low rates plus long-term repayment periods equate to low monthly payments, and who doesn’t like those?
Additionally, you may not need a down payment, as the max LTV (loan-to-value) ratio is 10% above retail price, while an additional 15% can be financed to cover related costs. So if you need to get a car financed in AZ, you might want to check in with NBAZ. Just remember, you will most likely need excellent credit to qualify for 4.99% APR.
For more information, check out the GoBankingRates.com Deal of The Day.