Summer is in full swing, a time of year when every kind of auto promo under the sun is here to choose from; but car buyers might forget that the best way to get a deal on a car is to find an excellent auto loan interest rate. For that, they’ll need to find an alternative lender, like a credit union. In Charlotte, N.C., look to State Employees’ Credit Union — the banking nonprofit is offering a 1.75% APR for qualified members looking to borrow on any new vehicle up to 36 months.
Auto Loan Rates: Terms and Conditions
A shorter-term loan for people who want to pay off their new car (with less than 10,000 miles on the odometer) within three years, SECU’s 1.75% interest rate is for members who arrange their monthly payments through the credit union’s payroll deduction or automatic funds transfer programs. This rate is fixed, so it won’t fluctuate over the life of the loan, even if national interest rates rise.
The stated interest rate will vary based on a member’s credit.
About State Empoyees’ Credit Union
State Employees’ Credit Union was founded in 1937 with just 17 members and $437 in assets. Founded on the financial philosophy of “People Helping People,” SECU now serves over 1.7 million members, with a total asset size of $25 billion, 242 branch locations and more than 1,100 ATMs.
Click here for the best auto loan interest rates today.
Other Terms and Conditions may apply. Additionally, interest rates are based on the institution’s online published rates and may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.