AUTO LOANS

Annual Percentage Rate:
The APR assumes the maximum loan amount. For example, a $15,000 loan amount with 60 monthly payments of $308.00 would be required.

Maximum Mileage: 85,000 miles

Loan to Value:
New Cars (2009-2010 Model Years): Lesser of purchase price or 90% of MSRP ("sticker" price)
Used Cars (2003-2009 Model Years): Lesser of purchase price or NADA Trade-In Value (Vehicles with "Salvage" Titles ineligible for financing.

Fees & Costs:
$200 for Auto / Titled Vehicle Loans

Title Fees:
Borrower is responsible for all costs associated with Recording/Title Fees, if applicable.

Automatic Loan Payments:
Deduct 0.25% from rates above when automatic loan payments are made from a First Federal Bank checking or savings account.

Other Titled Vehicles (Boats, Motorcycles, RVs, Personal Watercraft, etc):
Other types of vehicle loans are considered on a case-by-case basis.

Maximum Loan Amounts, Other Titled Vehicles:
New Vehicles: 75% of the lesser of purchase price or MSRP
Used Vehicles: 75% of the lesser of purchase price or NADA value.

*Requests for terms longer than 60 months require approval and are considered on a case-by-case basis.