Auto Loans

 
Ready to finally purchase that car you’ve been talking about? 

Your goal is within reach. Washington Trust Bank offers competitive auto loan* rates and flexible loan terms — all backed with service from bankers who drive on the same roads as you.
 
 

Auto Loans

Loan terms up to 84 months available, dependent upon loan amount approved. Rates vary by loan term.
APR1 As Low As











Let’s finance your next vehicle. 

We get it — cars aren’t cheap these days. Fortunately, our auto loans let you get into the driver’s seat. 

Plan around your budget.

With a Washington Trust Bank auto loan, you'll let us know what price range you're looking at and how much of a down payment you can afford.

Once you're approved.

You'll use the loan amount to pay the seller for the vehicle, getting you one step closer to completing the sale and getting into the driver's seat.

Buy new or used.

Our auto loans work for dealer and private party purchases alike, so no matter your car buying journey, we'll help make your purchase possible.






























Understanding your auto loan.

Your monthly payment depends on several factors: the cost of the car you’re buying, how much of a down payment you can afford, the interest rate, and the loan term. A higher interest rate may result in a higher monthly payment, while a longer loan term may mean smaller monthly payments.
 
Down payment.
The amount of money you provide upfront to help cover the cost of the car will lower the amount you need to borrow. A larger downpayment may also lower your monthly payment.
 

Loan amount.
Also called principal, your loan amount is generally the cost of the car minus your down payment and any trade-in value applied to the purchase.

Interest.
This is the cost of borrowing money and is included in your monthly payment. 
 
Loan term.
The loan term is the amount of time you have to repay your loan. We'll work with you to determine a loan term that fits your needs and budget.

How to apply for an auto loan.

Whether applying in person, over the phone, or online, we make applying easy. Our knowledgeable bankers will take the time to walk you through the process and find the best solution to fit your needs.
 
Submit your application.
Apply online, call us at 800.788.4578, or visit a location near you.
 
Provide supporting information.
You may be asked to provide:

  • Proof of income.
  • Down payment amount.
  • Vehicle and/or trade-in information (if applicable).  
Close on your auto loan.
Once everything is complete, close on your auto loan and start driving with peace of mind knowing that you’ll have Washington Trust sitting in the passenger seat.

Auto loans with local support.

We know banking and your neighborhood. As the oldest and largest privately held commercial bank in the Northwest, we pride ourselves on our local teams who are ready to serve their communities.

Our bankers know that your needs are unique. Whatever your situation, we have the wisdom, talent, and knowledge to find the right option for you.

  • Automatic payments.
  • Competitive rates.
  • Flexible loan terms.
  • Online access to your account.
  • Local decision making.













Auto Loan Rates

Effective Date  
Loan Length Interest Rate APR
4 Years    
4-6 Years    
7+ Years    
1APR = Annual Percentage Rate. All loans are subject to credit approval. Loan Terms up to 84 months available, dependent upon loan amount approved. Rates vary by loan term. Rates, terms, and conditions are subject to change. WTB will lend up to 100% based on lesser of the value or purchase price.  

Monthly payment of $246.84 per $15,000 borrowed for 72 months with a 5.75% interest rate and 5.75% APR.*
 
Payment examples are for illustrative purposes only. Actual payment amounts may vary based on loan amount, APR, term selected, and borrower credit qualifications.






a calculator with a coin above it.
 

Estimate your auto loan payment.

Use our auto loan calculator to estimate your monthly payment or purchase price. Adjust the down payment, interest rate, and loan term to see how different financing choices may affect your payment.
 
Results are estimates only and may not reflect actual rates, terms, fees, or approval.


Right in your neighborhood

Connect with your local banking team.

With over 40 locations throughout Washington, Idaho, and Oregon, there’s a Washington Trust location near you with a team of bankers ready to serve.

Apply for an Auto Loan Find a location near you

Have questions about auto loans?

Get answers about pre-qualifications, co-borrowers, loan funding, paying off your loan, and other common questions about vehicle financing.
Yes. Getting pre-qualified before you start shopping can help you better understand your financing options and budget before choosing a new or used car. Final approval is subject to the value and eligibility of the vehicle chosen.
Approval times may vary depending on your application and the supporting information provided. Please contact your local branch or Priority Service representative for current processing timelines.
Yes. You may apply with a co-borrower. A banker can also help explain what information each applicant will need to provide.
Loan funds are typically disbursed once all required loan documents have been signed and the loan has been finalized. Your banker can help explain what to expect when it's time to complete your vehicle purchase.
Yes. You may pay off your loan early at any time with no penalty.
Your credit is one of several factors considered when reviewing an auto loan application. It can be helpful to check your credit before applying so you understand where you stand. A banker can help you review your vehicle financing options based on your needs.

















Explore other
financing options.

Looking for financing for a different purchase, project, or financial need? Take a look at additional borrowing options below.

Personal
Loans


Finance planned expenses, unexpected costs, and other personal needs.

 

Personal Loans

Boat and RV Loans


Explore financing for boats, RVs, and other recreational vehicles.

 

Boat & RV Loans

Home Equity Financing


Use the equity in your home for larger expenses, projects, or other financial needs.

 

Home Equity Loans









3





Important information:
*Subject to credit approval and must meet eligibility requirements.