1. Approval for a PNC auto loan is subject to meeting established credit criteria.
2 The 2.50% Annual Percentage Rate (APR) quoted was the lowest APR available as of . The lowest APR is limited to loans secured by 2011 or newer vehicles with a loan term of 49 - 60 months and a minimum loan amount of $15,000. Higher APRs are applicable for older vehicles or different loan term durations. The highest APR available as of was 9.19%. The monthly payment on a 60-month loan term for $1,000 borrowed at an APR of 2.50% is $17.75. The monthly payment for the same obligation at an APR of 9.19% is $20.75. Both examples assume 30 days between the check cashing date and the first payment. To determine what the monthly payment would be for higher loan amounts at a 2.50% APR and a 9.19% APR divide the loan amount by 1000 and multiply that number (i.e., your answer) by the payments determined above, for example a $20,000 loan with a 60-month term at an APR of 2.75% would have a monthly payment of $415.00 (20 X $20.75). The same $20,000 loan at an APR of 11.29% would have a monthly payment of $437.80 (20 X $21.89). The lowest APR requires specific Credit Approval and not all applicants will qualify. The lowest APR quoted may change at any time.
Bank deposit products and services provided by PNC Bank, National Association. Member FDIC