We finance used autos up to the following terms

• New to two years old (60 months)
  
• Three years old (54 months)
  
• Four years old (48 months)
  
• Five years old (42 months)

We will finance used autos under 100,000 miles up to the 90% of the retail value of the vehicle, based on the NADA published values.

As with new car purchases, we encourage our customers to talk to a loan officer ahead of time, get pre-approved, and reduce their interest rate by having their payments taken directly out of their Spring Valley City Bank checking or savings account. Loan documents can be signed at the dealership if they have a dealer relationship with us. Interest rates vary by term of loan, year of auto, and credit score of loan applicant.

Borrowers must maintain full insurance coverage on their vehicle and identify Spring Valley City Bank as the Loss Payee on their policy.

There is no fee charged to apply for a loan. There is a processing fee of $75.00 for all consumer loans. Any fees charged by any entity secure a loan are the responsibility of the borrower.

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