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 | 4.62%  |
4.67% |
| 30 Year Fixed | 5.15% | 5.15% |
| 1 Year ARM | 3.48% |
3.51% |
| 5/1 Year ARM | 3.62% |
3.68% |
| Type | Today | Week Ago |
|---|---|---|
| Line of Credit | 4.89%  |
4.88% |
| 10 Year Loan | 7.47% | 7.47% |
| 15 Year Loan | 7.61% |
7.60% |
| Type | Today | Week Ago |
|---|---|---|
| Interest Checking | 0.28% | 0.28% |
| Money Market/Savings | 0.38% | 0.38% |
| 12 Month CD | 1.13%  |
1.15% |
| 60 Month IRA CD | 2.40% |
2.41% |
| Type | Today | Week Ago |
|---|---|---|
| Cash Back Cards | 12.66% |
12.68% |
| No Annual Fee Cards | 12.08% |
11.97% |
| Reward Cards | 12.75% |
12.61% |
| Small Business Cards | 11.01% |
10.94% |
| Student Cards | 13.77% |
13.49% |
| Platinum Cards | 12.26% |
12.11% |
