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Auto Equity Loans

Own a home? You may enjoy a potential tax deduction on your next auto purchase or refinance

 
 
  • A courtesy lien on your home may allow the interest you pay to be tax deductible (please consult a tax advisor)
  • No appraisal required
  • Purchase, refinance from another lender to lower your payments, or use the title on your auto for cash to use as you please
  • Ultra low fixed rates
  • Up to 100% financing available on new and pre-owned models (10 years or newer)
  • Terms up to 72 months1
  • No payments for 90 days2
  • Save up to 0.75% off our rates by setting up automatic payments from - AND direct deposit to - your Island Checking3
  • No title search fees4
  • Auto Insurance requirements

Apply now by calling (800) 848-5654, option 5

Rates effective September 30, 2008 APR = Annual Percentage Rate

Loan Type Approximate Term Custom APR Standard APR Preferred APR
New & Used Auto to 100% Financing 1 31 to 72 months 12.24% 8.44% 6.24%
See Also
Having financial difficulty? We want to help. Call us toll free at (800) 848-5654, option 5.
 
Buy your next new or pre-owned auto hassle-free with the help of our friendly Island Auto Buying Service team of experts.
 
Protect your vehicle and save money with exclusive member discounts on Auto Insurance.
 

 

Terms & Conditions

1 Some restrictions apply. Terms over 72 months are subject to approval and will increase the loan's Annual Percentage Rate (APR).
 

2 Some restrictions apply. Interest will continue to accrue.
 

3 0.25% rate discount for automatic loan payments from your Island Checking account. 0.50% rate discount for a Direct Deposit of $400 or more to your Island Checking Account. Discounts apply to new auto loans; existing Island auto loans are ineligible. If you fail to initiate or continue your Automatic Transfer of your loan payment from your Island Checking Account and/or fail to initiate or continue your $400 minimum Direct Deposit to your Island Checking Account, you will lose any loan rate discount(s) given in consideration of such automatic transfer and/or direct deposit. Thereafter, your loan APR will be the non-discounted APR as initially disclosed to you. Your payment will remain unchanged and your term may be extended. If your loan has a variable rate feature, the APR and (corresponding Daily Periodic Rate) may vary.
 

4 A document preparation fee of $100 applies and may be included in the loan amount. County requests you pay a deed release fee (currently about $45) at loan payoff to remove courtesy lien.
 

Collection Costs: You agree to pay all costs of collecting the amount you owe under this Agreement including court costs and reasonable attorney fees.
 

Late Charges: Payments received 10 days or more after due date will incur late charge of 5% of past due payment amount
 

All loans are subject to credit approval. Your overall credit worthiness will determine the interest rate available to you (Preferred, Standard, or Custom). Fees and charges may apply.