Mortgages & Loans
- Credit Cards
- Digital Banking
- Private Client
Get a competitive rate on the loan you need to buy or refinance a car.
Drive away happy, knowing you made the best lending decision
With competitive rates, a variety of repayment periods and a speedy approval process, our auto loans are focused on your needs. It’s dependable service from a financial institution you can trust.
Loan Amount and Loan to Value
- Minimum: $10,000
- Maximum: $75,000
- Value for a new auto is calculated by purchase price plus tax, tag and licensing
- Value for a used auto is calculated by the lesser of the National Automobile Dealers Association (NADA) trade value or purchase price plus tax, tag and licensing
- Finance up to 90% of the value
Terms and Repayment
- Minimum term: 12 months
- Maximum term: 60 months
- Loan amounts ≥ $50,000 up to 72 months, but collateral is ≤ 3 years old
- Equal monthly payments to fully amortize the loan for repayment
- New: An auto that has never been titled.
- Delayed purchase: Only allowed for applicants who purchased a new auto from a dealer for cash and want to reimburse themselves through financing. Processed as a new auto if submitted within 60 days of the invoice date.
- Used: A car that has been previously titled and is ≤ 4 years old.
- First Horizon does not finance motorcycles, ATVs, kit cars or salvaged titles.
- Individual-to-individual purchase transactions are not allowed
- Purchase or refinance (no cash out) is acceptable
- Proof of comprehensive and collision insurance is required
- Warranties, extended maintenance contracts and dealer-sold GAP insurance are not financeable
- Add-ons are allowed if specifically outlined in the dealership sales contract
- Fees may apply
If you're already a Digital Banking user, you can apply online. If you are not a First Horizon Digital Banking user, contact us at 800-615-1933.