Three 36 Month Auto Loan Rates Under 2.0% APR in Washington State

Auto loan rates were the only real winner in 2011 as far as bank rates go with plenty of banks and credit unions featuring unheard of APR’s under the 2.0% mark. The best auto loan rates were just nearing 3.0% APR around this time last year but quickly dropped off throughout the first few months of 2011.

Recently we were notified of a few exceptional offers in Washington state from both regional and national credit unions. If you happen to live in Washington state and are in the market for a new or used car loan, you may want to check out the following institutions. Keep in mind though, the offers are all from credit unions which will likely require you to become a member before obtaining the loan. Typically this will require you to fit within the group of people they serve (either geographically or through your employment) and/or that you have additional bank account(s) with the institution.

Top 3 Auto Loan Rates in Washington State:

(Rates accurate as of December 2011. Visit the credit union’s website for additional terms, conditions and membership requirements.)

1) Navy Federal Credit Union (Silverdale, WA) has a 36 month new car loan featuring an APR of 1.79% depending on credit standing. NFCU has been regularly featured on BankVibe.com for their outstanding car loan rates over the course of 2011. Visit NavyFederal.org for further information.

2) NW Priority Credit Union (Vancouver, WA) has a 36 month new car loan featuring an APR of 1.99% depending on credit standing. NW Priority Credit Union is a regional credit union serving the greater northwest. Visit NWPrioritycu.org for further information.

3) QualStar Credit Union (Tacoma, WA) is featuring a 36 month new car loan with an APR of 1.99% depending on credit standing as well. QualStar Credit Union has 3 locations in the greater Seattle area – Tacoma, Seattle and Everett. Visit QualStarcu.com for further information.

If you live in WA and have obtained a better auto loan rate through your local bank or credit union, let us know by leaving a comment!

Ridiculously Low Auto Loan Rates In Texas – Today’s Lowest APR’s

It’s been a while since we’ve covered some of the lowest auto loan rates across the country offered by local banks and credit unions, however, after being tipped off on several noteworthy offers out of Texas we felt we were past due on compiling a list of top rates. If you happen to live in Texas and are looking looking to finance a new car or truck or are simply looking to refinance an existing auto loan you may want to review some of the advertised rates from institutions we’ve gathered and highlighted below.

Texas, in general, is a decent state to find notable interest rates from local banks and credit unions simply because of the competition. Texas hosts some of the best rates from geographically exclusive, locally based, credit unions and community banks in the country. And these institutions are generally the best providers of low APR’s on car loans.

Why obtain auto financing through a bank or credit union?

The main strategy behind this, is that when you enter a dealership with an approved loan, you are essentially treated as a cash buyer. This tends to give you greater leverage in the negotiation process.

Lowest Auto Loan Rates in Texas (December 2011):

(Check with the individual institution to see if you qualify)

- Air Force Federal Credit Union (San Antonio, TX) has a 36 month new car loan featuring an APR of 1.75%.

- Navy Federal Credit Union (Portland, TX) has a 36 month new car loan featuring an APR of 1.79%.

- Amplify Federal Credit Union (Austin, TX) has a 36 month new car loan featuring an APR of 1.89%.

- Austin Telco Federal Credit Union (Round Rock, TX) has a 36 month new car loan featuring an APR of 1.89%.

- Synergy Federal Credit Union (Texas City, TX) has a 36 month new car loan featuring an APR of 1.90%.

- First Community Credit Union of Houston has a 36 month new car loan featuring an APR of 1.99%.

- Firstmark Credit Union (San Antonio, TX) has a 36 month new car loan featuring an APR of 1.99%.

If you live in Texas and have recently obtained a new car loan or refinanced an existing auto loan and know of a better locally based APR, please share by leaving a comment!

Lowest Auto Loan Rates in Indiana (Top 5)

We were forwarded a few exceptional auto loan rates being offered in Indiana this weekend. The top 5 rates were all for 36 month new car loans assuming a loan amount of $25,000 or greater, however, these institutions also offer used card loans with lower minimum requirements but you’ll have to contact the bank or credit union directly for updated APR’s, terms and conditions. If you happen to live in Indiana and are in the market for a new car loan, you’ll certainly want to see if you’re eligible to join these credit unions and/or banks to obtain their unusually low APRs. To put the numbers in perspective, the national average for auto loan rates with 36 month terms sits at roughly 3.70% APR.

Why obtain financing from a bank or credit union before purchasing a new car? The primary advantage of having an auto loan established before entering a dealership is that you will have to be treated as a cash buyer. This gives buyers significant leverage in the negotiation process.

Best Auto Loan Rates in Indiana – Top 5:

(Rates accurate as of July 2011. Visit the individual institutions’ website for update rates, terms and conditions.)

- Indiana Members Credit Union (Noblesville, IN) has a 36 month auto loan featuring an interest rate of 1.99%.

- Fort Financial Federal Credit Union (Syracuse, IN) has a 36 month auto loan featuring an interest rate of 2.49%.

- Indiana University Credit Union (SouthBend, IN) has a 36 month auto loan featuring an interest rate of 2.50%.

- State Farm Federal Credit Union (West Lafayette, IN) has a 36 month auto loan featuring an interest rate of 2.50%.

- Bank of America (South Bend, IN) has a 36 month auto loan featuring an interest rate of 2.74%.

If you live in Indiana and have obtained a better interest rate on a new or used car loan, please share by leaving a comment!

Ohio Auto Loan Rates: Extremely Low Interest Rates

We’ve just been forwarded two very noteworthy auto loan rates available to residents in Ohio. The three lowest APRs in Ohio come from credit unions that operate throughout the state and, in some cases, throughout the country. If you happen to be in the market for a new or used car loan you’ll likely be better off taking a loan from a bank or credit union rather than obtaining dealer financing. By doing this, you’ll be treated as a cash buyer in the dealership which could give you significant leverage in the negotiation process.

The auto loan rates listed below assume a new car loan with a term of 36 months. All rates are also based on $25,000 financed and no money down. You can track down these branches in Cleveland OH, Wadsworth OH, West Chester OH, Madison OH, and Mt Vernon OH. The institutions likely have other branches through the state of Ohio as well. Check with the individual institution’s website to find current rates and locations.

Lowest Auto Loan Rates in Ohio:

(Rates accurate as of April 2011.)

- Medina County Federal Credit Union (Wadsworth, OH) has a 36 month auto loan with a rate of 1.99% based on $25,000 financed.

- Navy Credit Union (Cleveland, OH) has a 36 month auto loan with a rate of 1.99% based on $25,000 financed.

- Chaco Credit Union (West Chester, OH) has a 36 month auto loan with a rate of 2.49% based on $25,000 financed.

- Andover Bank (Madison, OH) has a 36 month auto loan with a rate of 2.74% based on $25,000 financed.

- CES Credit Union (Mount Vernon, OH) has a 36 month auto loan with a rate of 2.75% based on $25,000 financed.

If you live in Ohio and know of a better auto loan rate being offered through your local bank or credit union, please share by leaving a comment.

San Francisco, CA: Low Auto Loan Rates and Special Offers

Anyone in the Bay Area looking to obtain an auto loan without messing around with dealer financing might want to check out the institutions we’ve highlighted below. Over the course of the last month or so we’ve been sent some pretty noteworthy auto loan rates in San Francisco and the Bay Area in general.  For those of you that have been periodically stopping by BankVibe.com to check out our featured auto loan rates, you’ll want to note that Bank of America is still offering their 2.99% APR auto loan with 36 month terms. This offer has been touted across the country and is still available in San Francisco as well as other various locations in the south west. You can see Bank of America’s auto loan rates in our recent coverage or by checking out BankofAmerica.com.

Best Auto Loan Rates in San Francisco, CA:

(Rates accurate as of March 2011. Visit the individual institution’s website for current rate info.)

- Bank of America National Association has a 36 month auto loan with an APR of 2.99% based on $25,000 financed.

-  Chevron Federal Credit Union (San Francisco, CA) has a 36 month auto loan with an APR of 3.59% based on $25,000 financed.

- Golden 1 Credit Union (San Francisco, CA) has a 36 month auto loan with an APR of 3.64% based on $25,000 financed.

- Wells Fargo (Daly City, CA) has a 36 month auto loan with an APR of 3.70% based on $25,000 financed.

To put the offers above in perspective the current national average for 36 month new car loans and 48 month new car loans sits at 4.77% APR and 4.89% APR, respectively.

Best Auto Loan Rates in Boston, Massachusetts (Top 3)

If you happen to reside in Boston, MA and are in the market for a new or used car loan (or if you’d simply like to refinance your existing auto loan) you may want to stop by one of the institutions mentioned below. We’ve seen a few noteworthy auto loan rates come our way out of Boston, Massachusetts, so we thought we’d dedicate an entire post to finding today’s best rates in that region.

Auto loan rates in general have dropped drastically over the last year and large numbers of vehicle owners have opted to refinance their car loan to take advantage of current interest rate levels. You may find better rates through dealer financing on new vehicles, but with an auto loan from a bank or credit union you will be treated as a cash buyer by the dealer. This could lead to greater leverage in the negotiation process.

Boston, MA Auto Loan Rates (Top 3):

(Rates accurate as of March 2011. Please visit the individual institution’s website for updated rate information if you believe this article to be out dated.)

- Eastern Bank, based out of Boston, MA, has a 60 month new car loan going for 4.99% APR.

- TD Bank’s Boston based branches have a 60 month new car loan going for 5.74% APR.

- Salem Five Bank has a 60 month new car loan going for 6.74% APR.

To put the offers above in perspective, the national average for 36 month auto loans and 48 month auto loans sits at roughly 5.49% APR and 4.91% APR respectively.

If you live in the greater Boston area and know of a better auto loan rate being offered through your local bank or credit union, please share by leaving a comment!

Auto Loan Rates Las Vegas, Nevada: This week’s best offers

If you reside in Las Vegas, Nevada and happen to be in the market for a new are used auto loan you may want to check out some of the offers from the three institutions we’ve highlighted below. Wether you’re planning on purchasing a new car/truck or a used car/truck, entering a dealership with cash in hand is always going to give you greater leverage in the negotiation process. This is why many people choose to obtain an auto loan through a bank or credit union rather than simply settling for dealer financing.

The auto loans we are featuring below are assuming a new car loan of $25,000 with a 36 month term, however, you may be able to customize your individual auto loan package with the bank but you’ll need to speak to a representative for further details.

Las Vegas, NV Auto Loan Rates:

(Rates accurate as of January 2011)

- InTouch Credit Union has a 36 month new car auto loan with an interest rate of 2.99%.

- America First Federal Credit Union has a 36 month new car auto loan with an interest rate of 3.74%.

- Nevada State Bank has a 36 month new car auto loan with an interest rate of 3.85%.

To put the offers listed above in perspective, the current national average for 36 month new car loans sits at roughly 5.00% APR. You may also want to compare these offers with the best auto loan rates in Nevada to get a better idea of where they stand.

New York Auto Loan Rates: This week’s best offers!

If you reside in New York state and happen to be in the market for a new are used auto loan you may want to check out some of the offers from the three institutions we’ve highlighted below. Wether you’re planning on purchasing a new car/truck or a used car/truck, entering a dealership with cash in hand is always going to give you greater leverage in the negotiation process. This is why many people choose to obtain an auto loan through a bank or credit union rather than simply settling for dealer financing.

The auto loans we are featuring below are assuming a new car loan of $25,000 with a 36 month term, however, you may be able to customize your individual auto loan package with the bank but you’ll need to speak to a representative for further details.

Auto Loan Rates New York (Top 3):

(Rates accurate as of January 2011)

- Teachers Federal Credit Union out of Farmingville, New York, has a 36 month new car loan going for 1.99% APR.

- Mid-Hudson Valley Federal Credit Union out of Poughkeepsie, New York has a 36 month new car loan going for 2.240% APR.

- Corning Federal Credit Union out of Painted Post, New York has a 36 month new car loan going for 2.740% APR.

To put the offers listed above in perspective the national average for 36 month new auto loan rates sits at roughly 5.00% APR. You may also want to compare the offers above with auto loan rates in New Jersey to get a better idea of where they stand. If you live in New York and know of a better auto loan rate, please share by leaving a comment.

MyAutoLoan Rates and Review

MyAutoLoan is an online financial service which allows anyone in the market for a new or used car (or tuck) loan to have multiple financial institutions compete for their business.

To test out their services and view your available auto loan rates you must first set up an account and customize the loan requirements to fit your needs. After submitting your request you will be given 4 loan options from competing banking institutions and lenders. You can then approve the loan that is right for you. The process is 100% secure and confidential.

Today’s top auto loan rates through MyAutoLoan:

(Rates accurate as of 10/17/2010. Visit their website for updated rates.)

- New 36 – 60 month auto loans featuring APR’s as low as 3.99%.

- Used 36 – 60 month auto loans featuring APR’s between 5.74% and 6.44%.

- 36 month Auto Loan Refinancing featuring APR’s as low as 3.74%.

- 37 – 60 month Auto Loan Refinancing featuring APR’s as low as 4.54%.

Founded by Horizon Digital Finance LLC in 2003, MyAutoLoan is a privately held, direct-to-consumer, internet-based financing marketplace that helps consumers take control of the research, finance and buy processes for Auto, Motorcycle, Boats, RV’s, Home Equity and Mortgages.

Learn More.

Virginia Auto Loan Rates – This week’s lowest APR’s

After sifting through numerous auto loan rate pages of both banks and credit unions serving the state of Virginia we’ve compiled this week’s top five APR’s. (Thanks to the BankVibe.com readers who tipped us off on some decent auto loan rates going on through their local banking institutions as well!)

The five institutions with locations or headquarters in Virginia that we mention in this post may also have a presence outside of the state, so even if you don’t live in Virginia you may be eligible for some of these products.

Why use a bank or credit union to finance your new car or truck?

By coming to a dealership with financing in place (through your banking institution) you will essentially be treated as a cash buyer. This could provide you with greater leverage in the negotiation process.

Lowest Auto Loan Rates in Virginia (TOP 5):

*Rates accurate as of 10/2010. Visit the bank or CU’s homepage for updated info and rates.

1) Navy Federal Credit Union (Virginia Beach, VA) has a 36 month new auto loan featuring an APR of 1.99%.

2) Partners Financial Federal Credit Union (Richmond, VA)  has a 36 month new auto loan featuring an APR of 2.75%.

3) Apple Federal Credit Union (Woodbridge, VA) has a 36 month new auto loan featuring an APR of 2.99%.

4) Bank of America (Wytheville, VA) has a 36 month new auto loan featuring an APR of 2.99%.

5) United States Senate Federal Credit Union (Alexandria, VA) has a 36 month new auto loan featuring an APR of 2.99%.

*Rates based on $25,000 financed. Similar rates may be offered for used cars and trucks as well as on longer terms than 36 months.

If you live in Virginia and know of a better auto loan rate going on through your local banking institution, please share by leaving a comment.