Best Auto Loan Rates in Texas: Top 3
Below are the top 3 auto loan rates available to residents in the state of Texas. After researching the rate pages of dozens of different banks and credit unions serving people in the state of Texas we’ve published the auto loan rates with the lowest APR’s as well as those without any sort of hidden fees or “catch(es).” Because interest rates vary depending on the type of car (car/truck/van/etc), condition (new/used/etc) and the term (36 month/48 month/60 month/etc) we decided to list the rates which are beating the national averages by the highest margins.
The products listed below can apply to either new car loans and used car loans. Also, some of the products we’ve listed may only apply to certain categories of loans such as bad credit auto loans, bankruptcy auto loans, auto refinance loans. They may also come with predefined durations such as 36 month new car loan, 48 month new car loan, 60 month new car loan, 72 month new car loan, 36 month used car loan, 48 month used car loan, etc. Make sure you visit the bank or credit union’s websites for further specifics. The information provided below is time-sensitive in nature. Please refer to the date of this article for accuracy.
Top 3 Auto Loan Rates in Texas:
- Navy Federal Credit Union which has locations in Portland, Texas is offering auto loans with a rate of 2.99% APR for new vehicles on 36 month terms. Navy Federal Credit Union is a not-for-profit, member-owned institution who serves families of the Unites States Navy as well as a few other select groups. You must be a member of this credit union to take advantage of this product. NFCU is federally insured by the NCUA.
- Austin Telco Federal Credit Union out of Austin, Texas has an auto loan rate of 3.59% APR for new cars or trucks with a 48 month term. ATCU has fairly strict eligibility requirements and is also member-owned and not-for-profit. They accept local business and are member NCUA.
- Shell Federal Credit Union out of Deer Park, Texas has has a 36 month used auto loan with an interest rate of 3.49%. SFCU has several locations throughout Texas. They are a member-owned institution as well. They accept local deposits and are federally insured by the NCUA.
If you live in the state of Texas and know of a local auto loan rate that is better than the ones listed above, please share by leaving a comment.
