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Auto loan
Routing number: 221571473
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Manage your products and services:
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Finance My Car
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Lease
I want to finance my car
Conventional Loan
We offer conventional vehicle financing so you can have the peace of mind of owning your car.
Details
Interest rates from
6.25% APR to 7.55% APR
Terms up to
84 months
Benefits
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We are with you during the whole process
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Finance any make or model
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Financing available for up to 84 months
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You choose the terms
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Drive off the same day with your car
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Financing flexibility
Perfect for:
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Fixed interest for the life of your loan
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Buying a new or used car
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Lease buyouts
CALCULATOR
An auto loan is waiting for you.
Estimate your monthly payment
Estimated monthly payment¹
$
1The monthly payment calculated is an estimate, and the final amount to be paid will depend on the total amount financed through FirstBank from January 1, 2025 to December 31, 2025. The first payment is assumed to be made within 30 days. The first payment will be higher because it includes the regular registration fee. Not all models qualify for 84 months. The MSRP may vary based on the auto manufacturer and/or dealer selected.
Certain restrictions apply. Subject to credit approval and other parameters established by FirstBank. Your interest rate may vary based on your credit history and other key financial factors, including but not limited to the amount approved for financing and rate of payment per income.
| Loan¹ and Term | APR |
|---|---|
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Conventional up to 72 months
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Starting at 6.25%
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Conventional up to 84 months
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Starting at 7.15%
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Conventional used up to 84 months
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Starting at 7.55%
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With Digital Banking You Can:
Not enrolled? Sign up here
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Verify your loan
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Add accounts from other banks
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Pay your loan
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Verify the history of completed payments
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Explore and apply additional products with FirstBank
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Request Documents:
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Title Request
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Pay Off Letter
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Insurance Unearned Premium Letter
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Closed Date Letter
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Reference Letter
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Verify your loan
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Add accounts from other banks
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Pay your loan
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Verify the history of completed payments
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Explore and apply additional products with FirstBank
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Request documents :
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Title Request
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Pay Off Letter
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Insurance Unearned Premium Letter
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Closed Date Letter
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Reference Letter
START THE PROCESS WITH US
- Licencia de conducir vigente
- Evidencia de ingresos: últimos dos (2) talonarios o estados financieros, si trabajas por cuenta propia.
- Evidencia de seguro social / pensión o estados bancarios que reflejen el depósito, de ser aplicable.
- Recibo de agua o energía eléctrica.
Make sure you have the following documents readily available.
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Valid driver’s license.
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Proof of income: last two (2) pay stubs, or financial statements if you are self-employed.
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If employed: last two (2) pay stubs
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If self employed: financial statements
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If retired: proof of Social Security, pension or bank statements reflecting deposits
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Evidence of physical address (water or electric bills)
FREQUENTLY ASKED QUESTIONS
At least ten (10) business days must have elapsed since cancellation. If the cancellation was made in cash or with an official check or money order, the request can be made on the spot.
Conventional Loan
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At least ten (10) business days must have elapsed since cancellation. If the cancellation was made in cash or with an official check or money order, the request can be made at the moment. You can apply for the Certificate of Title in Auto Customer Service, Digital Banking or through the First Line Customer Center at (787) 725-2511 or 1-866-690-2511, from 6:00 a.m. to 12:00 a.m., seven days a week.
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You must indicate if you want to receive it by return mail or if you prefer you can pick it up at Auto Customer Service or at the Auto Center in Mayagüez located in Vista Verde Shopping Center.
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The title will be processed according to the customer's request, within five (5) business days of the request.
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If it is picked up, the customer must come and show a photo ID. Otherwise, the designated person will need to bring a written authorization from the customer, with a copy of an ID of the customer and your own. There is no cost for this service.
Leasing Loan
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At least ten (10) business days must have elapsed since cancellation.
Active Loan Transfers
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You must be of legal age.
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The car must be registered with the Department of Transportation and Public Works.
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Complete the credit application entirety, including the loan number.
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Copy of your photo ID, copy of your social security card, and car license.
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If you own a business, include certified copy of the most recent IRS return, with a receipt stamp with the IRS, or a copy of the most recent financial statements prepared by an actively licensed CPA.
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Corporations must accompany the corporate resolution authorizing the applicant to sign the contract.
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Service charge applies.
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If you already own the car, include a copy of the money orders or checks for the payments made.
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The process is a maximum of five (5) business days from the request. For in-person pickups, the customer must present their photo ID. Otherwise, the designated person will need to bring a written authorization from the customer, with a copy of an ID of the customer and your own. There is no cost.
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Schedule an appointment to make the transfer.
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Both parties must bring their original photo IDs, including signatures, and their Social Security cards.
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The loan must be fully current, with no outstanding fees.
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As an applicant, you will need to submit evidence of endorsement of your current insurance policy or proof that you have a new policy equivalent to the one that has been in force up to that point, with the same terms and coverage. This policy must be paid in full, without financing. If the required evidence is not presented, FirstBank will purchase unilateral account insurance, as provided in the sale or lease agreement, and add it to the loan balance; This could mean an increase in monthly payments. If you later decide to replace unilateral account insurance, only a double interest policy will be accepted for the remaining term of the loan.
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If it's a lease, you must have a public liability policy with limits of $100,000 – $300,000 – $50,000.
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If the vehicle has an extended warranty contract, the original owner must ensure that it complies with the provisions of the warranty to notify that the car has been transferred.
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The original customer must ensure that they request the bank to cancel the Easy Payment service, if applicable.
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You must bring all the stamps of internal revenue, as applicable.
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Have the original vehicle license (conventional loan) with a valid tag. If the vehicle's tag expires within the next thirty days, you will need to renew it before the transfer.
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It brings the certification of the Department of Transportation and Public Works where it is evident that there are no outstanding fines to be paid.
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Bring a copy of your most recent water, electricity or telephone bill with you.
Important Notes:
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If on the day of the appointment any of the parties, seller or buyer, cannot be present for the transfer, they must appoint a person to represent them by means of a Power of Attorney drawn up by a notary lawyer. This document must then be certified by the Notarial Inspection Office of the Supreme Court. If the power of attorney is prepared in the United States, you must go to a notary attorney in Puerto Rico to notarize it and then go to the Notary Inspection. The designated person will then be able to attend the transfer appointment, to which they must bring all the original legal documents required. In this case, the endorsement of the Title and the license must be made before a notary attorney.
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If the original customer is deceased, their representative will need to file a Declaration of Heirs and, if they are not the universal heir, an affidavit of heirs renouncing the sale or purchase of the vehicle. The client must also bring a copy of the Death Certificate and a Certification of Debt or Relict Estate issued by the Department of Treasury.
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Service available at all FirstBank branches and at the Auto Customer Service Department.
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The loan must be current.
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The customer must come with the original license corresponding to the tag they are going to acquire, a photo of the Auto Expreso stamp (New Digital Label Process) and show a photo ID. Otherwise, the designated person will need to bring a written authorization from the original customer and a copy of an ID from the customer and your own.
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No inspection certificate is required if the vehicle is from the current or previous year.
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You must bring evidence issued by the general agency or insurance company of: Annual policy renewal and payment certification indicating that the policy has been paid in full without financing and public liability coverage with limits of $100,000/$300,000/$50,000.
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If you renew your tag at one of our branches, you will be able to make the payment in cash, money order or check drawn on any FirstBank account, for the amount indicated in the notice we send you, plus any applicable service charges. If you carry out this procedure at Auto Customer Service, you can pay by money order, check drawn on a FirstBank account, or with ATH, Visa, MasterCard or American Express. Cash payments are not accepted.
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Cars
Service available at all. The customer must come. Otherwise, the designated person will need to bring a written authorization from the customer, with a copy of an ID of the customer and your own. The customer must endorse the insurance company's check on the back.
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Repaired
It will be endorsed once the customer brings their car in for inspection.
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Car Not Repaired
The endorsement for unrepaired cars will apply to checks up to $2,000.00. It is not required that the account be up to date, nor do you need to submit an estimate of the workshop.
Check for $2,001-$4,000 will be replaced by a check made payable to the customer and the shop with commercial endorsement. Customer must show damage estimate from the workshop that will repair the vehicle to validate the name of the vehicle.
Check in excess of $4,000 must be replaced by two official checks issued as follows: One for 50% of the amount paid to the account holder and repair shop (must have a commercial endorsement), and another for 50% of the amount paid to the account holder and FirstBank. Once repaired, the customer must bring a car to be inspected and proceed with the endorsement of the second check.
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Boats
The customer must present a letter from the workshop certifying that the repair of the boat was properly completed.
The customer must come and show a photo ID. Otherwise, the designated person will need to bring a written authorization from the customer, with a copy of an ID of the customer and your own. If the account is delinquent, you should contact 787-282-2888 for guidance.
Once the loan is disbursed, it takes 2 to 3 weeks.
Customer, you can request the auto debit service at the origin of the loan or during the course, completing the automatic deduction sheet authorized by the bank. By regulations it must be completed in all its parts. You can apply by calling the customer service line, visiting the branch or the Auto department.
Customer can pay by requesting
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Automatic debit
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Digital banking
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By visiting the nearest branch
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By calling the Call Center (they must validate with the branch and call center units the payment method they are currently accepting).
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If the car is a lease, you can pay at the Auto Department by money order, check, debit or credit card.
Yes, but first the account must be registered and then payments are scheduled from Digital Banking using another bank's account.
Active account transfer
Would Be by Refinancing Debt
Done by Lease's sales executive. If the loan is in arrears, the customer must contact the Collection division in the workout area
While on a conventional loan you incur daily interest charges for the period of 15 days following the due date of your payment, with a lease you do not incur any fees during that period, but you will pay a fee for each term that is more than 15 days late.
If you want to change the car frequently, it is more convenient to achieve it with a lease. Every year they launch new and more advanced models to meet consumer tastes. In addition, by keeping driving a new car, you reduce mechanical expenses that are inevitable over time. If you have a car financed with a lease and want to upgrade, you can do so without penalties. If there is a residual to this term, we help you get appropriate financing for it. All subject to credit approval.
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Unlike the conventional loan, with a lease you can leave out of the initial loan a residual value of up to 35% depending on the make and model. The residual is a part of the principal value that is postponed to pay at the end of the lease term. At the end of the financing term, you have the option of acquiring the vehicle, financing or paying the residual in full. Also, you can choose to change your vehicle again, obtaining for the residual the financing alternative that suits you best. The result of this is a lower monthly payment that fits your budget better.
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In addition, it is important to take into consideration that the insurance policy is not part of the lease financing, further reducing the monthly payment of your car. In addition, if you have other cars with a separate insurance policy, you can insure your lease car as part of the master policy you already have.
Here is the documentation required for your auto loan:
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Valid driver's license
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Evidence of income: last two (2) stubs or financial statements if self-employed
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Evidence of social security/pension or bank statements reflecting the deposit, if applicable.
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Water or electricity bill.
Custumer with an auto loan can register in Tu Banca Digital and:
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View your loan information
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Make your loan payment using your account with FirstBank or with another bank.
- It is necessary to register the account of the other bank in order to make your payment (if you do not have an account with FirstBank).
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Access the history of payment made
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Request letters without having to visit the branch or call on the phone
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Reference
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Cancellation balance
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Title deed (conventional only)
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Loan cancelled
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Unearned ppolicy premium
I want to lease, then decide whether to buy the car.
A lease gives you the flexibility to have a loan on your own terms: a lower monthly payment and payment flexibility among other benefits.
Details
Interest rates range from
6.25% to 6.75% APR
Terms up to
72 months
Benefits
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Lower monthly payments
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Payment flexibility
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You can upgrade to a new car
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An executive will be with you at all times
Perfect for:
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Changing your car frequently
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Enjoying a new car
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Spending less time and money in maintenance and repairs
CALCULATOR
There's an auto loan waiting for you.
Use our payment calculator to get your estimated monthly payment.
Calculate your monthly payment
Estimated monthly payment¹
$
1The monthly payment calculated is an estimate, and the final amount to be paid will depend on the total amount financed through FirstBank from January 1, 2023 to December 31, 2023. The first payment is assumed to be made within 30 days. The first payment will be higher because it includes the regular registration fee. Not all models qualify for 84 months. The MSRP may vary based on the auto manufacturer and/or dealer selected.
| Loan¹ and Term | APR |
|---|---|
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Lease up to 60 months ²
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Starting at 6.25%
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Lease up to 66 months ²
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Starting at 6.35%
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Lease used up to 66 months ²
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Starting at 6.75%
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2With a maximum residual value of 35%. Does not apply to all makes and/or models.
***Subject to credit approval. Certain terms apply.
FREQUENTLY ASKED QUESTIONS
If you want to change your car frequently, it is more convenient to do so with a lease. New and more advanced models are released every year to meet consumer tastes. In addition, driving a new car reduces repair costs that are unavoidable over time. If you have a leased car and wish to upgrade, you can do so with no penalties. If there is a residual at the end of the lease term, we will help you obtain the appropriate financing for it. All subject to credit approval.
While with a conventional loan you incur daily interest charges during the 15-day period following your payment due date, with a lease you do not incur any charges during that period, but you will pay a charge for each installment that is more than 15 days late.
Certain restrictions apply. Subject to credit approval and other parameters established by FirstBank. Your interest rate may vary based on your credit history and other key financial factors, including but not limited to the amount approved for financing and rate of payment per income.