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Types of Car Loans Offered by Fifth Third Bank
The type of vehicle you’re financing can also play a role in your interest rate. Newer cars, particularly those with higher resale value, often come with lower interest rates compared to older or less desirable vehicles. This is because lenders perceive newer vehicles as less risky investments.

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Fifth Third Bank presents a compelling case for car financing with several advantages that set it apart from the competition. Here are some of the key benefits of choosing Fifth Third Bank for your car loan:
3. Convenient Online Application Process
Similar to many lenders, Fifth Third Bank may charge fees associated with car loans. These fees can include application fees, origination fees, and other charges. It’s crucial to familiarize yourself with these potential fees to factor them into your overall financing costs.
Fifth Third Bank strives to offer competitive interest rates on its car loans. The bank’s rates are often aligned with, or even below, the prevailing industry benchmarks, making it an attractive choice for borrowers seeking to minimize their financing costs.
* **Phone Banking:** Contact Fifth Third Bank’s customer service line for assistance with your loan account.