New York auto loan rates are expected to drop in the short term along with car financing rates across the country. Whether it’s because lenders want people to buy more cars or the hardships facing the economy are dictating interest rates, they are definitely on the decline. But just because rates are low doesn’t mean you need to purchase a new vehicle. If you have been saving for a car however, now may be a great time to buy.
New York New Car Loan Rate for 5 Year Term: $25,000
Pentagon Federal Credit Union car loan at 2.99% with an estimated monthly payment of $449.11
Bank of America car loan rate at 3.39% with estimated monthly payments of $453.56
M&T Bank car loan interest at 6.49% with an estimated monthly payment of $489.04
Wachovia auto loan at 6.74% with estimated monthly payments of $491.97
Banco Popular auto loan rate at 8.44% with an estimated monthly payment of $512.19
HSBC auto loan interest at 8.99% with estimated monthly payments of $518.84
The best New York auto loans don’t have to be difficult to find. See just how much of a difference comparison-shopping can make from the differences in monthly payments above.
New York car loan rates based on a loan amount of $25,000 and accurate as of publishing date.
