CAR LOAN RATES » Auto Loan News

Posted in Auto Loans , NY

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 New Car Loan Rates in New York for a $25,000 Loan – January 26, 2011

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Posted in Auto Loans , WA

Washington car loans are in high demand now that interest rates are trending much lower. It’s important to shop around for rates and to consider how large of a loan or how much car you really need. While interest rates are low, it’s only a good time to purchase one if you have been saving for it.

Washington New Car Loan Rate for 5 Year Term: $25,000 New Car Loan Rates in Washington for a $25,000 Loan – January 26, 2011

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Posted in Auto Loans , Financial News

Auto loan rate averages have reached their lowest point in over two decades of tracking, according to USA Today. The article looked at the latest car loan rates and determined the lows we are seeing may signal that this is a good time to get out and buy.

6.21 Percent Rate Near Record Low Average Car Loan Rate Lowest in Over 2 Decades

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Posted in Auto Loans , Credit Union , IA , Rates

capitol-view-credit-union

If you need a new car but aren’t willing to fork over thousands in interest payments, a loan from Capitol View Credit Union is what you need. Currently, this credit union is offering a car loan interest rate as low as 2.95% APY.

Only members of Capitol View CU are eligible to secure a car loan. The advertised rate is for loans on new cars (2008 and newer) with a term of 24 or 36 months. Rates are based on the creditworthiness of the borrower and you might be offered a higher rate, depending on your credit profile. Rates are subject to change at any time. Auto Loan Rates Deal of the Day: Capitol View Credit Union at 2.95% APY

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Posted in Auto Loans , Credit Union , OH , Rates , Used Car Loans

Telhio Credit Union is one of the few financial institutions offering a truly outstanding auto loan rate that applies to longer term loans on both new and used vehicles. Right now, members can obtain a car loan for as low as 3.25% APY.

You have to be a member of Telhio CU in order to qualify for a loan. The lowest loan rate applies to vehicle financing on new or used models with a term of up to 60 months. This rate is also based on the creditworthiness of the borrower and you may be offered a different rate based on your credit profile. Rates are subject to change at any time. Auto Loan Rates Deal of the Day: Telhio Credit Union at 3.25% APY

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Posted in Auto Loans , FL

Florida auto loan interest rates are varying widely at the moment, so it’s more crucial now than ever to do comparison-shopping for your next new car purchase. The interest rates on a new car loan for a 5 year term can be extremely high or low depending on which lender you choose. Your credit score and credit history also become important at times like this because they can save you thousands of dollars over the life of your loan.

Florida New Car Loan Rates for 5 Year Term: $25,000 New Car Loan Rates in Florida for a $25,000 Loan – January 19, 2011

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Posted in Auto Loans , TX

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 New Car Loan Rates in Texas for a $30,000 Loan – January 19, 2011

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Posted in Auto Loans , IL , Local Banks , Rates

South Side Bank

Usually, to get a decent car loan rate, you have to agree to a very short-term loan–not at South Side Bank. This bank is currently offering auto financing with a rate as low as 4.88% APR.

This car loan rate applies to loans with a term of 60 months (5 years). This gives you plenty of time to pay off your loan in manageable installments without paying too much in interest. All applicants are subject to a credit check and the advertised lowest loan rate assumes you have excellent credit. Rates are subject to change. Car Loan Rates Deal of the Day: South Side Bank at 4.88% APR

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Posted in Auto Loans , Credit Union , IN , Rates

crane-credit-union

Crane Credit Union is home to great rates on their deposit products, but you can also obtain an outstanding auto financing rate here as well. In fact, car financing is available for as low as 3.70% APY.

To be eligible for an auto loan through the credit union, you must first join Crane CU. The advertised rate applies to loans on 2008 and newer car, truck and van models. Term length must be 36, 48 or 60 months. Please note each individual’s loan rate is based on the applicant’s credit history and not all applicants will qualify for the lowest rate. The rate you receive will be determined once a completed loan application and credit report have been reviewed and approved. Auto Loan Rates Deal of the Day: Crane Credit Union at 3.70% APY

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Paying back loans was a struggle for many American consumers in 2010, according to a new report from the American Bankers Association (ABA). The report, released on Tuesday, revealed the overall loan delinquency rate jumped in the third quarter. This was the second straight quarter to see increases.

Loan Delinquency Rate Jumps to 3.01 Percent Americans Having a Tougher Time Paying Back Loans

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Car Loan Information

Types of Car Loans

Before you begin shopping for a car, it is important to know what auto financing qualifications you meet. Typically, auto loan rates are calculated based on the type of car you want to buy and your credit history. Additionally, you can get financing directly from a bank or have the dealer finance your auto loan.

Auto Loan Rates FAQs

Finding an auto loan brings up a lot of questions. Here's some of the questions we receive most often about car financing and auto loan rates:

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