Vehicle Loan Terms & Conditions
Auto
Motorcycle
RV/Motorhome
Auto Loans
Purpose
Terms and Conditions
Dealer or Private Party Purchase
- Dealer must be a Franchised Dealer (those affiliated with a major brand such as Ford, Chevy, or Toyota, etc.)
- Financing up to 125% of Manufacturers Suggested Retail Price (MSRP) on new vehicles or Kelly Blue Book (KBB) retail value on used vehicles.
- Vehicles 10 model years old or more and/or mileage greater than 100,000 miles have different financing and term restrictions
- Vehicles with 100,000 miles or more incur a 2% rate increase and maximum term is 48 months
- Maximum 150,000 miles allowed
- Additional rate and financing conditions apply for new and used auto and truck loans $200,000 and greater
- Other restrictions may apply based on credit score, age of vehicle, and other factors
- Automobile insurance with maximum deductibles of $1,000 for both comprehensive and collision insurance, naming Logix as loss-payee
- Vehicles must have a Non Branded Title which include but not limited to rebuilt, salvaged, true mileage unknown or lemon buy back vehicles
Refinance
- Financing up to 125% of Kelly Blue Book (KBB) retail value.
- Vehicles 10 model years old or more and/or mileage greater than 100,000 miles have different financing and term restrictions
- Vehicles with 100,000 miles or more incur a 2% rate increase and maximum term is 48 months
- Maximum 150,000 miles allowed
- Additional rate and financing conditions apply for new and used auto and truck loans $200,000 and greater
- Other restrictions may apply based on credit score, age of vehicle, and other factors
- Copy of current registration and Payoff Statement are required
- Automobile insurance with maximum deductibles of $1,000 for both comprehensive and collision insurance, naming Logix as loss-payee
- Vehicles must have a Non Branded Title which include but not limited to rebuilt, salvaged, true mileage unknown or lemon buy back vehicle.
Cash Out Refinance
- Financing up to 100% of Kelly Blue Book (KBB) retail value.
- Maximum 100,000 miles allowed
- Maximum age of vehicle is 9 model years old
- Additional rate and financing conditions apply for new and used auto and truck loans $200,000 and greater
- Other restrictions may apply based on credit score, age of vehicle, and other factors
- Copy of current registration and Payoff Statement, if currently financed, are required
- Automobile insurance with maximum deductibles of $1,000 for both comprehensive and collision insurance, naming Logix as loss-payee
- Vehicles must have a Non Branded Title which include but not limited to rebuilt, salvaged, true mileage unknown or lemon buy back vehicles
Motorcycle Loans
Purpose
Terms and Conditions
Dealer or Private Party Purchase
- Dealer must be a Franchised Dealer (those affiliated with a major brand such as Ford, Chevy, or Toyota, etc.)
- Financing up to 90% of Manufacturers Suggested Retail Price (MSRP) on new motorcycles or National Automobile Dealers Association (NADA) retail value on used motorcycles
- Motorcycles 10 model years old or more and/or mileage greater than 100,000 miles have different financing and term restrictions
- Motorcycles with 100,000 miles or more incur a 2% rate increase and maximum term is 48 months
- Maximum 150,000 miles allowed
- Other restrictions may apply based on credit score, age of motorcycle, and other factors
- Automobile insurance with maximum deductibles of $1,000 for both comprehensive and collision insurance, naming Logix as loss-payee
- Motorcycle must have a Non Branded Title which include but not limited to rebuilt, salvaged, true mileage unknown or lemon buy back vehicles
Refinance
- Financing up to 90% of National Automobile Dealers Association (NADA) retail value
- Motorcycles 10 model years old or more and/or mileage greater than 100,000 miles have different financing and term restrictions
- Motorcycles with 100,000 miles or more incur a 2% rate increase and maximum term is 48 months
- Maximum 150,000 miles allowed
- Other restrictions may apply based on credit score, age of motorcycle, and other factors
- Copy of current registration and Payoff Statement are required
- Automobile insurance with maximum deductibles of $1,000 for both comprehensive and collision insurance, naming Logix as loss-payee
- Motorcycle must have a Non Branded Title which include but not limited to rebuilt, salvaged, true mileage unknown or lemon buy back vehicle.
Cash Out Refinance
- Financing up to 70% of National Automobile Dealers Association (NADA) retail value
- Maximum 100,000 miles allowed
- Maximum age of motorcycle is 9 model years old
- Other restrictions may apply based on credit score, age of motorcycle, and other factors
- Copy of current registration and Payoff Statement, if currently financed, are required
- Automobile insurance with maximum deductibles of $1,000 for both comprehensive and collision insurance, naming Logix as loss-payee
- Motorcycle must have a Non Branded Title which include but not limited to rebuilt, salvaged, true mileage unknown or lemon buy back vehicles
Recreational Vehicle and Motorhome Loans
Purpose
Terms and Conditions
Dealer or Private Party Purchase
- Dealer must be a Franchised Dealer or sell new units in lieu of franchising requirement
- Financing up to 100% of Manufacturers Suggested Retail Price (MSRP) on new vehicles or National Automobile Dealers Association (NADA) retail value on used vehicles
- Maximum age of recreational vehicle is 10 model years old
- Maximum 100,000 miles allowed
- Other restrictions may apply based on credit score, age of vehicle, and other factors
- Automobile insurance with maximum deductibles of $1,000 for both comprehensive and collision insurance, naming Logix as loss-payee
- Vehicles must have a Non Branded Title which include but not limited to rebuilt, salvaged, true mileage unknown or lemon buy back vehicles
Refinance
- Financing up to 100% of National Automobile Dealers Association (NADA) retail value
- Maximum age of recreational vehicle is 10 model years old
- Maximum 100,000 miles allowed
- Other restrictions may apply based on credit score, age of vehicle, and other factors
- Copy of current registration and Payoff Statement are required
- Automobile insurance with maximum deductibles of $1,000 for both comprehensive and collision insurance, naming Logix as loss-payee
- Vehicles must have a Non Branded Title which include but not limited to rebuilt, salvaged, true mileage unknown or lemon buy back vehicle.