Outstanding New Auto Loan Rates offered at this credit union…
Posted on January 15th, 2010
After being tipped off on Carolina Family Credit Union’s 6 month CD rate, we happened to notice this particular credit union was also offering some substantial deals on their new auto loan rates. Currently when financing a new car, truck or van you will pay the following APRs:
- 4.75% APR on a new auto loan up to 48 months (national average sits at 6.62% APR)
- 5.25% APR on a new auto loan up to 60 months (national average sits at 6.65% APR)
- 5.75% APR on a new auto loan up to 72 months (national average sits at 6.06% APR)
Features, Terms and Conditions of New Auto Loan offer from CFCU:
- They finance 100% of the selling price of new cars and trucks and finance the NADA trade in value for used vehicles.
- Life and disability insurance protection available.
- If you are shopping for a new vehicle, they can pre-approve your loan.
- Same rates for boats, campers, 4 wheelers, and other recreational vehicles.
- Actual interest rates on all auto loans will be determined by Beacon Score.
- All vehicles purchased within 180 days or demos with less than 20,000 miles will receive the new car rates.
- You can borrow up to $10,00.00 unsecured based on your credit report and debt ratio.
Granted this credit union is fairly exclusive to join (ie you must live, work, worship or attend school in a small geographical area within North Carolina) however, it goes to show that smaller, exclusive, credit unions may be your best bet when tracking down optimal rates.
Purchasing a green vehicle?
If you plan on purchasing a low emission vehicle you may want to look at some auto loan rate promotions which strive to promote these purchases. A few weeks ago we noted one particular credit union offering a half-a-point discount on green auto loans!
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Tags: Auto Loan, Auto Loan Rates, Credit, Loan Rates
Filed under Bank Rates |