How do Avidia Bank auto loans work?
If you have a checking account with Avidia you can apply for a range of auto loans.
Interest rates are based on the age of the car, and the older the car you’d like to buy, the higher the interest.
For example, purchasing a car built in 2020 can get you rates as low as 3.24%, whilst any car made before 2014 will see minimum interest rates of 7.49%. All motorcycles have an additional 2% interest added to the loan too.
Avidia doesn’t disclose its minimum credit score requirements, however, you usually need good or excellent credit to access low rates.