As car prices continue to stabilize from their recent swings, more and more Americans are looking forward to buying their next set of wheels. However, recent national interest rate changes have negatively impacted auto loans as well. This means that even if you’re getting a great deal on the vehicle, you could still be paying way above market price due to inflated rates if you finance.
For residents of Oklahoma, this is especially concerning. Oklahoma ranks in the top 5 in outstanding auto loan balance, and the average 72 month auto loan rate in Oklahoma is about 0.5% higher than the national average. This data suggests that Oklahoma residents are in need of new vehicles, and have the means to purchase them, but are at the mercy of inflated interest rates.
A Better Way to Finance in Oklahoma
Luckily, Oklahomans have a better option. Equity Bank now has five locations in Oklahoma, and is available for residents all over the state.
Rather than dealing with auto dealerships or national banks, Oklahomans can now trust Equity Bank to provide important financial products like auto loans. Our foundational principles guide us to treat each and every customer with the individual attention that is often missing from modern banking. When you’re dealing with a financial milestone as important as a new vehicle, you need a partner you can trust. One that you can turn to for answers when things get confusing, and one that has your best interest in mind when planning for the future.
With Equity Bank, Oklahomans finally have access to a partner who offers the same broad range of financial products and services as national banks, but holds firm on their commitment to customers and identity as a community bank. We place our customers first, and are always on the lookout for ways to build trust, give back, and put the “person” back in personal banking.
Why Should Oklahomans Choose Equity Bank Auto Loans?
Auto loans are just one of the many financial products that Equity Bank provides, but it’s one that we’re particularly proud of. Our auto financing helps customers avoid long negotiations at the dealership, and keeps them out of the clutches of big national banks. A great deal on an auto loan also helps us earn the trust of our customers, and lets them do more with the money they make.
Below are just some of the perks that Equity Bank customers enjoy when taking advantage of our Auto Loans:
Competitive Rates
Equity Bank makes it easy to decide with great rates for new and used vehicles. Our credit checks are fast and simple, allowing you to get approved quickly and start shopping for the vehicle of your dreams. Oklahoma residents can enjoy significant discounts on rates compared to their state averages.
Flexible Terms
Your auto loan, your budget. At Equity Bank, we work with you to find the best solution for your long-term financial goals. Get lower monthly payments so you can keep more money in your pocket. Find the repayment terms that are right for you, so you can feel confident in your brand-new car.
Pre-Approval
Walk into the dealership with confidence. By getting pre-approved with Equity Bank, you’ll know your budget and repayment terms before you ever go for a test drive. You also get the satisfaction of knowing that your auto loan is held by the same financial institution you trust for your daily banking needs.
How to Get an Equity Bank Auto Loan
Equity Bank is proud to offer fast, easy, and convenient online applications for auto loans. Submit your application in minutes, and an Equity Bank team member will contact you shortly to review your application and go over which auto lending options are right for you.
On the Road to Success
Equity Bank is committed to finding the best financial options for our customers. Whether you’re a small business owner, looking to purchase or remodel a home, or simply need an everyday no-frills credit card, Equity Bank has all the services you need. If you’ve been missing the community banking experience, contact us today or visit your nearest branch to speak with an Equity Bank representative about getting you on the right path.