Keesler Federal Credit Union Auto Loans

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.