Average Rating
Buffalo, New York-based M&T Bank offers fixed-rate loans towards the purchase of new or used cars in several Northeastern states.
They assessed a $70 late fee 14 times over the lenght of a 6 year loan with no notification. They will only remove 1 late fee for the entire loan. $70 is a little steep and there were times when the payment was 1-3 days late and were over a weekend. Who is to say they didn't hold the payment for a day?
I will never deal with M&T bank again.
Although the dealership did the leg work finding me the loan, getting it was hassle free. I didn't have to jump through any hoops. Any time I had questions the service people were nice and knew what they were talking about. All in all my experience with my M and T car loan was positive and I would borrow from them again.
M&T made everything go down very smoothly when i bought a new car. The down payment and financing terms were very reasonable, and they were just all in all pleasant to work with.
| Type | Today | Week Ago |
|---|---|---|
| 15 Year Fixed | 5.01%  |
5.12% |
| 30 Year Fixed | 5.48% |
5.60% |
| 1 Year ARM | 3.79% |
3.80% |
| 5/1 Year ARM | 4.08% |
4.16% |
| Type | Today | Week Ago |
|---|---|---|
| Line of Credit | 4.79% | 4.79% |
| 10 Year Loan | 7.62% |
7.66% |
| 15 Year Loan | 7.75% |
7.79% |
| Type | Today | Week Ago |
|---|---|---|
| Interest Checking | 0.29% | 0.29% |
| Money Market/Savings | 0.42%  |
0.43% |
| 12 Month CD | 1.34% |
1.36% |
| 60 Month IRA CD | 2.45% | 2.45% |
| Type | Today | Week Ago |
|---|---|---|
| Cash Back Cards | 11.62%  |
11.49% |
| No Annual Fee Cards | 11.55% |
11.52% |
| Reward Cards | 12.08% |
12.02% |
| Small Business Cards | 10.88% | 10.88% |
| Student Cards | 14.85% | 14.85% |
| Platinum Cards | 11.58% |
11.54% |
