Used Auto Loans

OTIS Used Auto Loans: Your key to major savings!

Used Auto Loans


Used Auto Loans at OTIS put you in the driver's seat of your financial life with:

  • 100% financing of the cost of a used car, truck, SUV, van, or motorcycle including tax, license, and title
  • A convenient online loan application
  • Quick, same-day approval (in most cases)
  • No pre-payment penalties
  • Loan terms up to 60 months, and
  • Great rates that beat banking industry averages in the state of Maine (Source: Datatrac, NCUA, and CUNA)

Loan terms and interest rates vary depending on credit score. Add 3% to interest rate for vehicles with over 100,000 miles.


Ready to apply? One of our loan officers will review your request and promptly contact you. You may also stop in or call one of our loan officers Monday through Friday at 897-0900 for more information.

 Karris Richards Loan Officer Extension 128
Jamie Turcotte Loan Officer Extension 124
Caitlin Lake Loan Officer Extension 108
Darice Dubreuil VP of Lending Extension 118

Please note: If you apply during non-business hours, we will contact you the next business day.


Already have an auto loan?

Refinancing loans from dealerships or other financial institutions is hassle-free and available at no extra cost at OTIS. Start saving today!


Go shopping with a pre-approved check!

Making a dream come true is as easy as writing a check! Shop just like a cash buyer with the convenience of an OTIS Pre-Approved Loan Draft. Either apply in person, or fill out our online loan application noting that you are seeking pre-approval. One of our loan officers will promptly get back to you with a decision--it's as easy as that!

Auto Loan Rates

Cars, Trucks & SUVs

Rates effective 8/1/2018

Loan Term Annual Percentage Rate Loan Calculator
 1 year as low as  2.25% APR  Calculate Your Payment
 2 years as low as  2.30% APR  Calculate Your Payment
3 years as low as 2.35% APR Calculate Your Payment
4 years as low as 2.75% APR Calculate Your Payment
5 years as low as 3.05% APR Calculate Your Payment
6 years as low as 3.35% APR Calculate Your Payment

Apply for a Loan

Apply 24/7, 365 days a year!

Buying a Car?

The AskAuto™ app can help.

“My go-to bank for auto loans. Love how friendly everyone is.”

-Amber J., OTIS Member