USED CAR LOANS

SPE Credit Union is the only credit union in Centre County with a community charter, and serves its community by providing the best interest rates possible to members. That includes auto loan rates, too–you could finance a vehicle for as low as 3.99% APR.

This car loan rate applies to loans for car models 2009 and newer or used cars between the years 2004-2008. The term length may be up to 60 months long. Please note that loan rates are based on the creditworthiness of the borrower, therefore, you may not be offered the lowest rate. This rate also includes a .25% discount off the APR–to qualify, the loan payment must automatically transfer from an SPE FCU share draft checking account.

If you have excellent credit and need an auto loan only for a short period of time, there’s no reason you should have to pay extra interest. Riverdale Credit Union is currently offering borrowers who match this profile one of the best auto loan rates currently available at 5.25% APR.

If you would like to obtain this auto loan rate, you will first have to become a member of the credit union. Only members with Beacon credit scores of 700+ will secure the lowest rate. You may finance a new or used auto, boat, farm equipment or motorcycle and term length must be 48 months or less.

It’s often difficult to find a low car loan rate unless you’re financing a brand new car over a very short period of time. However, TwinStar Credit Union offers some of the best auto loan rates with flexible terms. Currently, you can secure a car loan rate as low as 3.99% APR.

You must be a member of the credit union to qualify for a loan. You may finance a new or used vehicle, but cars with more than 100,000 miles are subject to higher rates. The lowest auto loan rate is available for short-term loans only, which are defined as 60 months or less, and the minimum loan amount is $10,000 to qualify for short-term rates. The interest rate you qualify for will be based on your personal credit history, loan term and model year.

Photo by JLaw45

Over the past year, we’ve seen a lot of auto manufacturers recall their vehicles for a variety of reasons. Each time we’ve seen a car recalled, we are left to wonder whether the car we once loved is really safe.

Sometimes you need to finance a car purchase but don’t want to pay thousands in extra interest payments. If you want a short-term loan with the lowest auto loan rate, try Prestige Community Credit Union.

This auto loan rate is for members only and can apply to new or used car financing. The term must be for no more than 24 months and the interest rate you will receive on your loan is based on approved credit and your past credit performance. Lowest advertised rates include a .25% deduction for automatic payments.

You love your brother as you do all family, but he has a less then perfect past with responsibility. After years of hard work and dedication, he has finally settled into a positive groove with a secure job, growth potential, a lovely new wife and a new sense of financial responsibility. Unfortunately, his credit history shows the damage of his past choices and he is now requesting your assistance co-signing a car loan.

Your first reaction may be to agree, but you should understand you leave your own credit open to potential risk in this situation. Before making the decision to co-sign on a loan for anyone, weigh the advantages and disadvantages of co-signing an auto loan thoughtfully first.

There is a  possibility that if you apply for an auto refinance loan for a car of a certain age or mileage, it will be turned down. However, there are times that the same scenario might result differently. If you’re looking to refinance a car that has seen better days, you may want to read into how to get an auto refinance loan:

Usually, when a loan company looks at financing a car, it takes into consideration:

There are a lot of used auto loan financing options out there, which leads potential car buyers to wonder if banks are the best places to get used auto loans. Depending on your personal situation, a bank may be best; however, there may be other suitable ways to get your hands on the used car loan rate you need.

Credit Unions Loans

If you’re looking for a used vehicle with an auto loan rate that won’t cost you an arm and a leg to pay each month, you may have been recommended a long-term used car loan. There’s no doubt that a 72-month (6 years) or 84-month (7 years) loan would help stretch out those payments, but essentially, this type of loan can often work against you.

Since long-term used auto loans are looked down upon, why is it something you might consider? And if you would consider it, how can you get your hands on one without getting burned by high interest rates? Here are a few tips to think about …

There are so many options to choose from when deciding on a new car purchase: Automatic or standard? Red, green or blue? SUV or sedan? Additional questions you may have could even relate to the type of loan you choose and whether an add-on auto loan is a smart option or not.

How Add On Auto Loans Work