GOBankingRates

All You Need to Know About Car Loans in Houston, Texas

GOBankingRates helps connect you with the best interest rates, banks and credit unions in Houston, Texas to help you find the best car loans and save money.
Used car buyers are looking for the best auto rates possible as more Houston banks and credit unions compete to offer the best rates and terms. In a study of used auto loan rates across the country, GOBankingRates found that Houston’s current average used auto loan rate is 4.79% APR. Though many institutions are able to deliver more competitive loan rates, loan applicants can often struggle to find a deal that keeps their payments affordable, especially on used vehicles. An individual borrower’s interest rate might vary depending on his credit history, income and various other factors. This GOBankingRates auto loan guide offers the 10 best rates for Houston car buyers, compiled from GOBankingRates’ database and Informa Research Services, in addition to the average rates offered for used car loans with three-, four- and five-year terms.
3-Year Used Auto Loan 4.36%
4-Year Used Auto Loan 5.52%
5-Year Used Auto Loan 4.71%
Institution Loan Term APR
CTECU 3 Year 1.99%
Cy-Fair Federal Credit Union 3 Year 2.19%
Smart Financial Credit Union 3 Year 2.24%
PrimeWay Federal Credit Union 3 Year 2.24%
Texas Dow Employees Credit Union 4 Year 2.24%
Bank of America 5 Year 2.39%
Bank of America - Military 5 Year 2.39%

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