PNC Bank has one of the best auto financing deals this summer, with loan rates as low as 3.49% APR for five years. That’s lower than the current national average for new-car loans, which is 4.20% for 60 months, according to our latest national survey of lenders.

If you borrow $20,000 for 60 months at the 3.49%, the monthly payment would be about $364, and you’d pay around $1,825 in interest over the life of the loan. The 3.49% rate is for new cars model years 2018 to 2020 (over $15,000) and would naturally go up for older cars or longer term financing.

Search our database of the best auto loan rates from dozens of other lenders in your area to see if you can find a better deal.

Then, use our auto loan calculator to determine what your monthly payment will be for pretty much any financing.

PNC has a blank check program called PNC Check Ready. When you’re approved for financing, you’ll get a PNC check that you can take to the dealer. You can write the check for up to the approved auto loan amount after you pick out your vehicle and agree on a price.

The bank makes new-car loans from $15,000 to $100,000, but to get the best rates, you have to borrow at least $15,000. PNC is offering these loans in the 19 states (plus the District of Columbia) where it has more than 2,700 branches.

(Just for the record, those states are: Alabama, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, South Carolina, Ohio, Pennsylvania, Virginia, West Virginia and Wisconsin.)

Knowing about a deal like this makes it much easier to judge any loan you’re offered by a dealership’s finance manager. If he or she can beat PNC’s deal, then you’re driving home with a real bargain. If not, you still know about PNC, and you don’t have to depend on the manager for an auto loan.