If you’re in the market to buy or refi a vehicle, you’re likely also shopping for an auto loan. This will affect your monthly budget for the full term of the loan, so it’s important to do your research and make an informed decision before finalizing it. Here’s your guide to riding with Tyndall for your auto loan. 

How do auto loans work?

Auto loans make it possible for consumers to buy or refi a vehicle without having all the cash on hand when financing. With a Tyndall Auto Loan, you’ll receive the funds you need to buy or refi in one lump sum, which you’ll pay a portion of back each month, with interest, over the term of the loan, which generally lasts 5-7 years. 

How do I apply for a Tyndall Auto Loan?

Getting an auto loan with Tyndall is a completely different experience than a dealership because we exist to serve your best interest.

The process of applying for an auto loan is simple, quick, and easy. You can even apply for a loan online or over the phone. Before you shop, you can also refer to the How to Tyndall Series - Car Buying Process.

Another advantage you’ll enjoy when financing an auto loan with Tyndall is an experienced lender to help you every step of the way to determine how much you can afford to pay each month toward your auto loan. There’s no rush or pressure and we'll help you get a loan that fits into your budget.

How high will my monthly payment be?

Your monthly payment amount will be determined by several key factors: 

  • The loan amount. The amount you borrow will be equivalent to the value of the vehicle you’re financing, or less. A way to decrease the overall cost is by making a sizable down payment and trading in a vehicle of value.
  • The annual percentage rate. Usually referred to as the APR, this is the effective interest rate you pay on your loan. Your interest rate is determined by your credit score and other general creditworthiness or financial wellness factors. 
  • The loan term. The default length of most auto loans is five years, and Tyndall offers three to seven year terms. A longer-term means paying less each month, but it also means paying more in overall interest throughout the life of the loan. A shorter-term also means you’ll own your vehicle sooner.

With a Tyndall Auto Loan, you can drive home today with the vehicle of your dreams! Apply today and speak with a trusted Tyndall representative before you shop and we'll make sure your auto loan is ready to go when you find the perfect option for you!


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