It’s another new year, so you might be searching for a new car in Texas. Fortunately for you, Texas car loan rates are in excellent shape and extremely affordable at the moment thanks to some good financing options from Texas banks, credit unions and lenders. As the economy continues to decline, possibly heading into a second recession, the central bank is forcing interest rates to remain low for a number of large purchases including homes and cars. If you have a good amount saved up and an excellent credit history however, it should not be hard for you to get a new Texas auto loan.
Texas New Car Loan Rate for 5 Year Term: $30,000
Pentagon Federal Credit Union car loan at 2.99% with an estimated monthly payment of $538.93
Comerica Bank car loan rate at 6.49% with estimated monthly payments of $586.84
USAA FSB car loan interest at 4.13% with an estimated monthly payment of $554.26
Frost Bank auto loan at 5.99% with estimated monthly payments of $579.84
Bank of America auto loan rate at 3.49% with an estimated monthly payment of $545.62
Whitney National Bank auto loan interest at 6.5% with estimated monthly payments of $586.98
The best Texas auto loans are within your reach if you comparison-shop smartly. Looking at the above rates shows you just how different of a rate you can get for the same loan amount of $30,000.
Texas car loan rates based on a loan amount of $30,000 and accurate as of publishing date.
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