RMO Auto Finance offers competitive interest rates on auto loans for new and used vehicles. Your actual rate depends on several factors.
Current Rate Ranges:
- New Vehicles: Starting from 4.49% APR for qualified borrowers with excellent credit.
- Used Vehicles: Starting from 5.49% APR for qualified borrowers with excellent credit.
- Refinancing: Starting from 4.99% APR depending on the vehicle, loan-to-value ratio, and creditworthiness.
Factors That Affect Your Rate:
- Credit Score: Higher credit scores typically receive lower rates.
- Loan Term: Shorter terms generally come with lower rates.
- Loan Amount: Very small or very large loan amounts may have different rate structures.
- Vehicle Age and Mileage: Newer vehicles with lower mileage tend to qualify for better rates.
- Down Payment: A larger down payment reduces the loan-to-value ratio and may improve your rate.
Rate Discounts:
- 0.25% autopay discount when enrolled through MyRMO
- RMO member relationship discount for existing account holders
Rates are subject to change. For the most current rates and a personalized quote, log in to MyRMO or schedule an appointment through MyRMO or by calling us to speak with an Expert.