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Bank of the Lowcountry is your Hometown Bank


Since 1988, Bank of the Lowcountry has been committed to providing personal, prompt and efficient services to the citizens of Walterboro. Whether you’ve decided to shop for a pre-owned vehicle or the latest model from your local dealership, financing will likely be a factor in your purchase. Bank of the Lowcountry has financing options to fit every lifestyle.


Visit our main website for more information on our loan options at: www.banklowcountry.com.

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Allure of a new vehicle

  Beyond the new car smell which fades all too quickly and cannot be duplicated, there are at least ten other reasons to purchase a new car rather than a used one.


  1. Efficiency – Whether you want a hybrid, a plug-in, or an all-electric EV, the new car market offers the richest selection of fuel efficient vehicles.
  2. Financing – Although some compelling financing options are available on new inventory only, CarGurus recommends car shoppers investigate auto financing with their bank or credit union before talking numbers with a dealer.
  3. Incentives – A powerful tool for dealers, car finance incentives mean real savings for new-car customers. For example, the federal government allows a $7,500 tax credit for certain electric vehicle purchases.
  4. Invoice Pricing – This is where new-car shoppers have a great advantage over used-car customers. It’s the total a dealership likely paid the automaker for a car and some dealers find ways to pay even less. Supposedly, invoice pricing represents the lowest price at which a car can be sold.
  5. Reliability – A car is likely the second most costly purchase you will ever make after your home. Although occasional recalls make headlines, the great majority of new cars offer a degree of reliability not found in older vehicles.
  6. Reviews – If you’ve decided to purchase a new car but not sure which make or model, you can find numerous detailed reviews online for every make and model on the market. Guidance from both experts and current owners can help guide you to the right car.
  7. Safety – New parents in particular consider safety major criteria when choosing a new car. A new car can come equipped with all the bells and whistles.
  8. Style – New cars reflect the most current styling, as is the case with clothing, appliances and more.
  9. Technology – Like styling, technology changes rapidly and regularly. In 1908, cars became accessible to all Americans with the Model T. In the early models, technology advancements included headlights, windshield wipers and radios. Today’s cars include computers, internet connectivity and 360 degree cameras. In years to come no doubt additional features will become available.
  10. Warranty – Although new cars are more reliable, a brand-new vehicle may break down and manufacturers routinely warranty new vehicles for 3 years/36,000 miles of coverage.


You may have the resources to enter a dealership and purchase a new car, but for most people the process is more involved. If you’re still contemplating whether to buy new or pre-owned, you may be interested in the following. 

Auto Loans

Since 1988, Bank of the Lowcountry has been committed to providing personal, prompt and efficient services.


When you were a new driver the car you drove may have been shared with a sibling or handed down by a parent. As a successful, gainfully employed adult, maybe it’s time for new car loan or a car loan on a gently used pre-owned model.


In addition to shopping for a car in Walterboro and deciding which features you can’t live without, you realize you must learn to navigate the complicated maze of auto finance.



At Bank of the Lowcountry, we take the worry out of buying a car. 

New Car vs. Used Car

  • In the first two years, your new car loses 20% if its value. As soon as it’s driven off the lot, you lose 10% and another 10% over the next 12 months.
  • Because of the immediate 20% decline in value, experts will suggest it’s better to buy a car that is one year old so someone else takes the hit in depreciation.
  • A CPO has been inspected, refurbished and certified by the manufacturer that it is in good condition. Typically, they also come with an extended warranty and similar perks you would find on new cars like special financing offers and other benefits.


Our Convenient Locations

bank of the lowcountry's ravenel blue and white building with a driveway leading to it is surrounded by trees .

Main Branch, Forest Hills and Ravenel Branches

picture of the front of the bank of the lowcountry main branch in walterboro with their sign out front
front of the bank of the lowcountry building in forest hills with palm trees in front of it .

Ridgeland, Mt. Pleasant, and Beaufort Loan Production Office

bank of the lowcountry's ridgeland branch building, a large tan and cream facility, with a lot of windows and landscaping with trees and shrubs in front of it .
bank of the lowcountry's mt. pleasant red brick building with a sign in front of it with the bank's name and logo
bank of the lowcountry's beaufort loan production office, a white building with a sign in front of it that with the name of the facility and logo
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