CAR LOAN RATES » Auto Loan News

Today’s auto loan rates are quite low with an average at about 5% APR for a 4-year loan, but for many, the thought of adding on another monthly bill and few thousand dollars in debt quickly cancels out any benefit of great rates. Then, for anyone struggling with bad credit, a tight budget or an unfortunate combination of both, financing a car can seem out of the question. So if you find yourself in any of these situations, is it possible to afford getting around in a car-dependent society? It might be with a zipcar.

What is Zipcar?

“The future of banking in Jefferson Parish is Jefferson Financial.” Find out for yourself by taking advantage of this credit union’s excelling interest rates. Right now, you could obtain car financing for as low as 2.99% APR.

In order to obtain this auto loan rate, you must be a member of Jefferson Financial Credit Union. Please note that rates are subject to change and are based on an evaluation of an individual’s credit. Therefore, you may be offered a rate that is different than from what’s advertised.

Why be a customer when you can be a member? At AA Credit Union, membership also means part-ownership and access to some of the best rates available today, including the lowest car loan rates. Currently, members can obtain a loan rate for as low as 3.95% APR.

If you’d like to obtain this car loan rate from AA Credit Union, you must first become a member. This rate applies to new car loans only (2010 & 2011 models). The credit profile of the individual borrower is also considered when applying for a loan and you may be offered a different rate than advertised. Rates are subject to change at any time.

Ever since gas prices exploded and topped well over $4 per gallon, drivers have been looking for less expensive transportation options to spare their wallets at the pump. Gas isn’t quite as high anymore, but the popularity of fuel-saving alternatives like hybrid vehicles has only grown over time.

If you’ve been toying with the idea of getting an electric or hybrid car, but aren’t sure the gas savings are really enough to offset the expense of buying a brand new vehicle, check out the additional ways in which green cars help save more money (like on your next auto loan).

You may want to start saving money now to prepare for the $4 gas prices some experts expect to see, possibly by the summer. That’s according to a new Fortune Magazine article that says U.S. gas prices reach levels we haven’t seen since 2008 before the end of this year.

Why Gas Prices Could Be On the Rise

A new report from the Federal Reserve Bank of New York shows Americans now have less debt than in previous years and are taking steps toward adding to their savings. According to the report, Americans now have less mortgage, auto loan and credit card debt than in 2008 when consumer debt peaked. Even better is that they’ve saved a significant amount since the crisis.

Eliminating Debt and Saving More a Consumer Priority

Auto loan rates are very affordable these days if you know where to find the best deals, and Centra Credit Union is one of the financial institutions offering them. Curretnly, members of this credit union can finance a car for as low as 3.95% APR.

In order to be eligible for this car loan rate, you must finance a new vehicle only (2010-2011) for a term of up to 51 months. Loan rates are based on the creditworthiness of the borrower and you may be offered a different rate depending on your individual credit profile. Rates may change in the future without notice.

It’s not every day you find car loan rates this low, but Lauhoff Employees Credit Union is offering new car financing for as low as 2.50% APR for a limited time only. Don’t pass up this chance to obtain one of the lowest auto loan rates currently available.

Only members of this credit union are eligible to secure a loan. The advertised rate applies to new car purchases only for a term of up to 36 months. If you’d like a longer loan term length, Lauhoff Employees CU is also offering discounted rates on loans of 37 to 60 months at 3.00% APR and 61 to 72 months at 3.50% APR.

Drivers who opted for a hybrid or other energy efficient vehicle could experience even greater savings thanks to a Michigan senator who’s pushing for a new electric vehicle tax rebate. The rebate would offer a $7,500 tax credit to those who purchase electric cars, as well as extend some previously-expired credits for hybrid vehicle buyers.

Electric and Hybrid Vehicles Could See Tax Breaks

If you’re looking for the stability of a large bank but the car financing rates only small banks and credit unions seem to have, try the National Bank of Arizona. It’s a stable financial institution with a community-oriented approach to banking and is currently offering an auto loan rate as low as 4.99% APR.

This car loan rate applies to new vehicle purchases only and car loans may be for a term of 60 or 72 months. The maximum loan-to-value (LTV) is up to 110% of MSRP, plus 15% of ancillary costs. The lowest loan rate is for applicants who meet credit qualifications and you may be offered a rate that is different from what’s advertised. Rates are subject to change at any time.