Automobile Loan
from Valley National Bank

Valley National Bank offers Automobile Loans with a variety of repayment rates and terms based on the year of the vehicle. The banks flexible loan terms make it easy for customers to finance a new or used automobile. The bank is a preferred auto lender in New Jersey and New York. Features of this loan include a deduction of 1/4% off customers interest rate with direct debit from a Valley Checking account, fixed payments for the life of customers loan and a low fixed interest rate. Terms range from 24 to 72 months with flexible terms for new and used vehicles and quick decision making with courteous service and prompt response.

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Automobile Loan Reviews

3.0
Sep 16, 2008 3:40 pm

Very traditional service. I feel like this was the way folks financed and serviced cars 10yrs ago. You get a fat payment booklet rather than a monthly bill.

As far as I can tell, this is a purely offline process. I can't easily go online and manage my account, get an amortization schedule, make extra payments or anything else.
I got this loan originally through my dealer and the rates were good. However, the rates he first quoted me were mediocre. It's only after I told him that I was going to immediately refinance through cap one that he gave me his lowest rates.
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Type Today Week Ago
15 Year Fixed 4.73% 4.73%
30 Year Fixed 4.98% 4.98%
1 Year ARM 3.99% 3.99%
5/1 Year ARM 4.51% 4.51%
Type Today Week Ago
Line of Credit 4.50% 4.50%
10 Year Loan 7.68% 7.68%
15 Year Loan 7.83% 7.83%
Type Today Week Ago
Interest Checking 0.33% 0.33%
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12 Month CD 2.02% 2.02%
60 Month IRA CD 2.94% 2.94%
Type Today Week Ago
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No Annual Fee Cards 10.97% 10.97%
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Provided by Informa 01.09.09