You purchase a 1992 Honda Civic. The retail value is $4000. You can finance up to 85% of $4000, which is $3400. If you negotiate a purchase price of $3600, then you would need a $200 down payment.
Note: If you are a Washington resident, the sales tax will not be included in your loan to value calculation, so your loan to value may exceed 85%.
I’m ready to get my GO! Auto Loan! How do I apply?
You will need to successfully complete the Credit Tutorial and the Auto Buying Tutorial so you can be on top of the car-buying game. If you don’t have a computer, you may come into any Rivermark Branch and access the tutorials there.
Ask a parent, guardian or grandparent if he or she can co-sign for you if you are under 18.
Apply now by completing a loan application. You can apply online or visit your preferred Rivermark Branch for more personal service. Questions? Call 503-626-6600 or 800-452-8502 today!