CAR LOAN RATES » Auto Loan News

Auto loan rates vary depending on the term of the loan. Most other banks also increase the rate if your car is used; however, with Keesler, you get the same rate for new and used vehicles.

The lowest rates are for the 24-month term, at 4.49%. This rate is promotional, and so it can go away any time. It also assumes that you're using Keesler's checking account to make your payments if you pay from another bank, the rate would be 0.25% higher.

The 2-6 year terms come with rates in the range of 4.74%-4.99%. These rates are relatively high for new cars, but quite competitive for used cars.

For terms of 7-8 years, the rate goes up to 5.45%. But it's probably not a good idea to buy a car that will take you 8 years to pay off. With so many years worth of interest, and at higher rates too, you pay half of your original purchase price in interest alone!

Of course, all these rates are only for those with good credit. If your credit score is low, or you have insufficient income, you interest rate might be 1-3% higher. In some cases, the bank may even refuse to finance your car. Therefore, you should get pre-approved before you go and negotiate with car dealer.

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.

If you're looking for a good deal on a car and aren't too put off by the recent Toyota recalls then you may want to take advantage of the discounts the company is offering. In the month of March, Toyota Motor Corp. will be offering incentives to purchase new vehicles, including no-interest auto loan rates and discounted leases to win its buyers back.

Recent Toyota Recalls

In recent months, Toyota has had to recall millions of vehicles with various issues including brake and accelerator problems. Because the Toyota recall has been such a hot topic in the media, the company has had to work on some damage control to get the business back in order.

So, in anticipation of a slump in U.S. sales, the Toyota is offering a ton of deals to potential buyers.

Toyota Discounts and Deals

Toyota is offeringa number of great deals for its wide range of models including the Camry, Corolla, Matrix, Prius and Yaris. Here are just a few to take advantage of:

• 0% interest up to five years: For the vehicles listed above, as well as the Venza wagons, RAV4 and Highlander sport-utility vehicles and Tundra pickups, Toyota is offer zero-percent interest on car loan rates for up to five years. This is a great steal whencompared to average car loan rates.
• Lease deals: Toyota plans to offer leases for Corolla compact cars from $179 a month and $199 for Camrys.
• Free maintenance: Toyota owners who buy a new vehicle will get two years of free maintenance.

These deals are set to run until April 5.

Because theToyota recall resulted in a loss 8.7 percent in U.S. sales, the company is trying to win its customer base back. Representatives from the company hope that after spending February trying to fix vehicles that March will be spent increasing sales.

Do the March deals entice you to purchase a new Toyota?

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The Details of the Agreement

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