Vehicle Loans

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Ready for a new ride? We offer car, boat, motorcycle and RV financing.

Hit the road. Skim across the water. Explore every corner of the country.

Need a practical car for your daily commute? We are here for you with auto loans at competitive rates in CT, MA, NY, RI and VT. Berkshire Bank can also help you take travel to the next level. We offer financing that can get you behind the wheel of a pickup truck or SUV, at the helm of a boat, astride a motorcycle, or vacationing in a new camper. If you're ready to get going, we're happy to get you started with a preapproval.

  • Competitive interest rates
  • Choice of repayment terms
  • Financing for both new and used vehicles
Vehicle Loan Rates (as of 1.1.24)
Loan Type Annual Percentage Rate (APR) Number of Monthly
Monthly Payment per $1,000 Borrowed
Autos, Motorcycle loans, 95-120% max LTV Maximum age of collateral is 9 years. Contact your local branch for additional terms, model years, and rates.
Purchase Only
2023 or Newer 6.05% 66 $17.85
2023 or Newer 6.25% 72 $16.69
2023 or Newer 6.75% 75 $16.38
2023 or Newer 7.25% 84 $15.22
Lease Buyout or Refinance
2023 or Newer 6.55% 66 $18.09
2023 or Newer 6.75% 72 $16.93
2023 or Newer 7.25% 75 $16.62
2023 or Newer 7.75% 84 $15.46

ATVs, Watercraft & Snowmobile loans, 95% max LTV
2022 or Newer 7.00% 60 $19.86
2016 - 2021 7.95% 48 $24.00

Boats & RV loans, 95% max LTV Maximum age of collateral is 10 years.
2022 or Newer ($15,000 minimum loan amount) 7.45% 120 $11.88
2022 or Newer ($15,000 minimum loan amount) 7.75% 180 $9.45

Boats & RV loans, 95% max LTV up to 72 months Maximum age of collateral is 10 years.
2022 or Newer 7.25% 72 $17.23

Secured Personal Loans, 95% max LTV: Collateral owned by Customer; Auto/Motorcycle (10 years or newer); Boat/RV (10 years or newer); ATV, Watercraft & Snowmobile (6 years or newer).
$5,000 & Above 9.00% 60 $20.83

Apply online, over the phone, or in person at your local branch.

Annual Percentage Rates (APR), interest rates and terms will be determined by the customer’s overall credit rating, loan term, amount financed, age of collateral (if applicable) and monthly billing method.  Stated APR is based on a credit score of 740 plus.  Maximum loan to value financing on collateralized loans are pending year, make, model and credit performance.  For Term loans, minimum term is 6 months and minimum loan amount is $500.  Vendor Single Interest insurance, title fees and additional terms and conditions may apply.  A 0.25% rate discount applies to loans with auto payment from a Berkshire Bank checking (excludes the Reddi Cash product).  All consumer loan products shown here are fixed rates.  Loans are subject to credit approval.  Additional terms and conditions may apply. Rates are subject to change without notice.  Minimum credit score is 625. Rates are subject to change without notice.