Yearly Payment reduction claim is based on average payment reduction our customers experience over a year with their new loan (same or a longer term) compared to their prior yearly loan payments. Yearly payment reduction may result from a lower interest rate, a longer term or both. Your actual savings may be different.

APR

APR is the Annual Percentage Rate. Rates quoted are offered depending on the individual's excellent and substantial credit and key loan characteristics, including but not limited to amount, term, and vehicle characteristics.  A representative example of payment terms are as follows: a loan amount of $20,000 with an APR of 7.50% and a term of 60 months would have a monthly payment of $400.76.   Advertised rates are subject to change without notice.

Vehicle Type Restrictions

Teton Motors, Inc. and its affiliated finance company's only finances new and used cars, light trucks, minivans and SUVs. Other ineligible vehicles include: ATVs, amphibious vehicles, armored vehicles, boats, branded/junk/rebodied/salvaged title vehicles, camper vans, conversion vans, dump trucks, freight liners, gray market vehicles, kit cars, rebodied, lemon vehicles, limousines, motor homes, taxis, tow trucks, tractor trailers, vehicles that do not have a Vehicle Identification Number (VIN) or title issued to it, vehicles with greater than 1 ton payload capacity.

Loan Amount Restrictions

Minimum loan amount is $7,500.  Your actual loan amount will be limited based on the value of the specific vehicle that you are purchasing or refinancing. For new vehicles, value is based on invoice price. For used vehicles, value is based on Kelley Blue Book wholesale value or NADA trade-in value (depending on your state of residence). The amount of this limitation may vary and will be specified in your loan package as the "LTV" (loan-to-value) limit. For example, if the value of the vehicle that you are buying is $20,000 and your LTV limit is 110%, then your loan amount will be limited to $20,000 x 110% = $22,000.

Refinance Documentation Requirements

After you apply and are approved to refinance an auto loan with us, we will need some or all of the following documentation:

Proof of Income
Based on your credit, you may need to provide Proof of Income documentation.

Proof of Residence
Utility bill which shows applicant's name and service address.  (Dated within 30 days)

Vehicle Title
You will need to send us your vehicle title if you reside in one of the following states: KS, KY, MD, MI, MN, MO, NY, OK, SD, WI. In all states we will obtain the title directly from the state agency which holds your vehicle title.

Limited Power of Attorney to Modify Vehicle Title
In order to modify your vehicle title to show your new finance company as the new lienholder we will need you to sign a limited Power of Attorney document which authorizes us to make this change at the Department of Motor Vehicles (DMV).