How do American Airlines’ auto loans work?
Members will have access to auto loans with rates ranging from 1.95% to 14.65%.
However, if you’re a first time lender, the minimum rate you can get will be 7.45%. Maximum repayment terms extend to 84 months, but the longer you have your loan, the higher your interest rate becomes.
Minimum credit requirements aren’t stated by American Airlines, however, your creditworthiness and size of deposit will be the key determiners for your interest rate.
American Airlines suggests you’ll need a good to excellent score to access the low rates on offer.