Auto Express Loan

First Hawaiian Bank’s Used Auto Express LoanSM can provide you with the money even before you select your used car – leading to smarter shopping and an easier process.  Applying for a car loan after you find the used car you want puts you at risk of another buyer swooping in with cash and buying the car first.  Our new Auto Express Loan solves that problem by getting you the cash you need for your used car before you shop.  You’ll have the cash to buy right away, so you won’t miss out on the used car you’re looking for.  Once you buy your used car, you can come back and lower your interest rate as long as you meet the requirements described below. 


Here’s how it works. 

1.  Figure out how much cash you want to have available while you’re shopping for a used car

2.  Fill out and submit an application

3.  If you qualify, you’ll get an unsecured loan so you have cash to buy the used car you want

4.  Buy the used car you want (must be no more than 5 model years old)

5.  Come back to any First Hawaiian Bank branch within 45 days after you got your unsecured loan.  If you qualify, you can replace your unsecured loan with a secured loan that has a lower interest rate.

Auto Express Loan Important Facts and Requirements

  • The unsecured loan can only be used for the purchase of a used vehicle sold by a private owner.
  • Motorcycles, taxis, commercial, boats and “salvaged” vehicles are not eligible.
  • The unsecured loan cannot be used to pay existing balances from other First Hawaiian Bank credit cards, loans, or lines of credit or to refinance an auto lease or business loan.
  • The unsecured loan cannot be combined with any other promotions or discounts.
  • The secured loan must be used to pay off your unsecured loan that was used to purchase your vehicle. 
  • The vehicle you purchase must be no more than 5 model years old in order for you to be eligible for the secured loan.
  • You must bring in the newly transferred certificate of title and registration no later than 45 days from the date of your unsecured loan agreement to be eligible for the reduction in interest rate. 
  • A credit bureau report will be pulled for up-to-date information to ensure that your credit quality has not deteriorated after you qualified for the unsecured loan. 
  • All new registered owner(s) of the vehicle must submit application(s) for the secured loan and meet the same eligibility and credit requirements as the borrower(s) under the unsecured loan.
  • The vehicle securing this loan must be registered in good standing in the State of Hawaii.  Title to the vehicle must be held by one or more individuals.  Title to the vehicle cannot be held by a business or trust. The vehicle must be continuously located in the State of Hawaii during the loan term. An application is required if the borrower wants to take the vehicle off island and must be approved by First Hawaiian Bank in advance.
  • Prior to closing of the secured loan, you must provide proof of current automobile insurance with collision insurance coverage having a maximum deductible of $500.00 and First Hawaiian Bank named as Loss Payee.
  • First Hawaiian Bank will cover up to $50.00 of title transfer fees.  You will be responsible for any additional unpaid fees or fines affecting the transfer of title.
  • The maximum amount of the secured loan will be the current principal balance of your unsecured loan or 100% of the Kelly Blue Book “trade in” value of the vehicle, whichever is less. 
  • If all of the requirements above are met, First Hawaiian Bank will refinance the eligible balance of your unsecured loan, with a secured loan that has a lower interest rate based on the term of the loan that you choose. 

If you do not meet all of the requirements for the secured loan, you will continue to have your unsecured loan

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