Auto Loan Rates Georgia – This week’s best APR’s

In this week’s recap of the lowest auto loan rates in Georgia we’ve found that several institutions are offering their auto loan products in many states throughout the country, so even if you do not reside in Georgia, some of these offers still may apply to your region. The best auto loan rate (or APR) found in Georgia comes from a credit union which has been frequently featured on BankVibe.com over the last few months due to their absurdly low rate offered on their 36 month new car loans.

Why obtain auto financing through a bank rather than a dealership?

Essentially by entering a dealership with financing already in place you will be considered a cash buyer. This may bring you greater leverage in the negotiation process.

Lowest Auto Loan Rates in Georgia (Top 5):

(Auto loan rates accurate as of 10/2010. Rates assume $25,000 financed)

1) Navy Federal Credit Union (Stockbridge, GA) has a 36 month new car loan going for 1.99% APR.

2) Bank of America (Winder, GA) has a 36 month new car loan going for 2.99% APR.

3) LGE Community Credit Union (Marietta, GA) has a 36 month new car loan going for 3.25% APR.

4) Robins Federal Credit Union (Warner Robins, GA) has a 36 month new car loan going for 3.25% APR.

5) Associated Credit Union (Norcross, GA) has a 36 month new car loan going for 3.50% APR.

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

Auto Loan Rates Kansas – This week’s lowest rates

We’ve seen a couple noteworthy auto loan rates come out of Kansas throughout the course of this month so we thought we’d quickly highlight the top 5 in today’s post. Although none of the rates are promotional offers the lowest ones still beat the national average by a considerable margin. Three of the five lowest auto loan rates in Kansas come from credit unions. Generally speaking, credit unions can offer lower loan rates (and higher savings rates) because they are not-for-profit, member-owned institutions.

Why obtain an auto loan through a bank or credit union?

By entering a dealership with financing in place the employees will have to treat you as a cash buyer. This could greatly sway leverage in your favor during the negotiation process.

Lowest Auto Loan Rates in Kansas (Top 5):

(Rates accurate as of 10/2010 and based on $25,000 financed. Auto loan rates assume 36 month terms on new cars and trucks. Varying terms are available but may come with slightly different rates.)

1) Great Plains Federal Credit Union, based out of Salina, KS, has a 36 month auto loan going for 2.65% APR.

2) Bank of America (Wichita, KS) has a 36 month auto loan going for 2.99% APR.

3) Catholic Family Federal Credit Union based out of Wichita, KS, has a 36 month auto loan going for 3.49% APR.

4) Central Kansas Credit Union based out of Hutchinson, KS has a 36 month auto loan going for 3.49% APR.

5) State Farm Bank, FSB has a 36 month auto loan going for 3.49% APR.

If you live in Kansas and know of a better auto loan rate(s) being offered through your local bank or credit union, please share by leaving a comment!

Auto Loan Rates Connecticut: This week’s best offers

After sifting through numerous auto loan rate pages from banks and credit unions serving the state of Connecticut we’ve put together this week’s top offers. Although the rates and APR’s we’ve listed below apply to 36 month new car and/or truck loans, you may be able to obtain the same interest rate for used cars and different term lengths, however, you will need to contact the lending institution directly for quotes.

Why finance your car or truck through a banking institution? There are a few benefits to obtaining financing before entering the dealership, but perhaps the greatest is that you will be treated as a cash buyer. This can provide you with substantial leverage in the negotiation process.

Lowest Auto Loan Rates in Connecticut:

(Auto loan rates accurate as of 10/2010. Visit the bank or credit union’s website for updated information and rates.)

- Navy Federal Credit Union’s auto loan rates still remain the best on the market for certain geographical areas. They have a 36 month new auto loan with an APR of 1.99% for qualified borrowers. This deal came out originally as a auto loan promotion but has remained available for quite some time now. (You can find a NFCU branch in New London, Connecticut.)

- Bank of America’s Auto Loan Rates have also remained fantastically low. They still have their 2.99% APR 36 month auto loan available to qualified borrowers. B of A has several locations throughout Connecticut.

- Mutual Security Credit Union (out of Norwalk, Connecticut) has a 36 month auto loan going for 3.80% APR for qualified borrowers.

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

New Jersey Auto Loan Rates – This week’s best APR’s

Below are the lowest APR’s on auto loans for residents of the state of New Jersey. All of the institutions mentioned below are banking institutions (either credit union or bank) and highlight interest rates significantly under the current national average. The loans below are for 36 month terms for new cars and trucks, however different auto loan products may be available but you will need to contact the institution for further information. Generally speaking auto loans come with terms ranging from 36 months to 72 months and the APR you receive will be fixed for that duration.

One of the primary benefits of obtaining financing through a bank or credit union prior to entering a dealership is that you will be treated as a cash buyer which may lead to greater leverage in the negotiation process.

Lowest Auto Loan Rates in New Jersey:

(Rates accurate as of  October 2010. Visit the individual institution for updated rate information.)

- Navy Federal Credit Union (Coltsneck, NJ) offering a 36 month auto loan with an APR of 1.99%.

- Corning Federal Credit Union (Teterboro, NJ) offering a 36 month auto loan with an APR of 2.74%.

- Bank of America (Wyckoff, NJ) offering a 36 month auto loan with an APR of 2.89%.

- Princeton Federal Credit Union (Princeton, NJ) offering a 36 month auto loan with an APR of 2.99%.

- XCEL Federal Credit Union (Jersey City, NJ) offering a 36 month auto loan with an APR of 2.99%.

*All of the above rates are based on a loan amount of $25,000

If you live in New Jersey and know of a better auto loan rate being featured at your local bank or credit union, please share by leaving a comment.

Pennsylvania Auto Loan Rates: This week’s lowest rates

A few outstanding auto loan rates came our way out of Pennsylvania this week. The top three offers come out of credit unions and the fourth is from Bank of America. Bank of America’s auto loan rates have been among some of the lowest in the country for qualified borrowers. The auto loans offered below are available to Pennsylvania residents and the APR’s featured are assuming a 36 month new car loan, however, depending on your credit history and loan amount required you may also be able to get these rates (or lower) for other various terms. Generally speaking auto loans come in 36 month, 48 month, 60 month, and 72 month terms.

Why obtain your car or truck loan through a bank rather than a dealer?

1) You will be treated as a cash buyer which increases your leverage in the negotiation process.

2) Dealers often have the option to change your interest rate. This is frequently referred to as a “dealer reserve” and it can be easily hidden in the fine print. With a bank or credit union funded auto loan purchase you will know your exact APR and it will be a fixed rate for the duration of your loan.

Lowest Auto Loan Rates in Pennsylvania:

(Rates accurate as of 9/2010. Contact the individual institution for updated rates and information.)

- Corning Federal Credit Union (State College, PA) has a 36 month auto loan going for 2.740% APR.

- Visionary Federal Credit Union (Bridgeville, PA) has a 36 month auto loan going for 2.90% APR.

- InTouch Credit Union (Camp Hill, PA) has a 36 month auto loan going for 2.99% APR.

- Bank of America National Association has a 36 month auto loan going for 3.09% APR.

* Rates based on $25,000 financed.

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

Florida Auto Loan Rates – This Week’s Lowest APR’s

We’ve seen several noteworthy auto loan rates come out of Florida lately from both banks and credit unions serving the region. Below we highlighted the institutions offering the lowest APR’s for their auto loan products. All of the institutions mentioned are either based in Florida or have branch locations in Florida. The rates we’ve highlighted come in the form of 36 month new car loans, however, the institutions may offer similar rates for different terms and/or for used car and truck loans as well. Generally speaking auto loans come in 36 month, 48 month, 60 month or 72 month terms. The current national averages for 36 month auto loans, 48 month auto loans and 72 month auto loans sit at 5.80% APR, 5.88% APR and 3.78% APR, respectively.

Keep in mind that by obtaining financing before entering a dealership you will essentially be treated as a cash buyer. This could greatly increase your leverage in the negotiation process. Also a car loan through a bank or credit union will have a fixed rate for the duration of the loan.

Lowest Auto Loan Rates in Florida:

(Rates accurate as of 9/2010. Visit the bank or credit union listed for updated rates and information.)

- Navy Federal Credit Union (Pensacola, FL) has a 36 month auto loan going for 1.99% APR. NFCU has had this fantastic auto loan promotion going on for most of the summer. We recently publicized this offer in our post promoting Miami, Florida’s auto loan rates.

- Tyndall Federal Credit Union (Tyndall, FL) has a 36 month auto loan going for 2.740% APR.

- 1st Credit Union of Gainsville (Gainsville, FL) has a 36 month auto loan going for 2.75% APR.

- Bank of America (Tallahassee, FL) has a 36 month auto loan going for 2.99% APR. To learn more about Bank of America’s auto loan rates visit the previous link.

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

Lowest Auto Loan Rates for Arizona Residents

After seeing some decent auto loan rates come out of the southwest recently we did some further rate digging into Arizona banking institutions and found a number of them (both banks and credit unions) offering auto loans for both new and used vehicles with rates and APR’s significantly under the current national average. Below are the four institutions we found to be offering the best auto loan rates in Arizona. For a quick recap on the advantages of obtaining financing for your new or used vehicle before entering a dealership read our post highlighting the best auto loan rates in Maryland. In a nut shell – by obtaining financing through your local bank or credit union you will be treated as a “cash buyer” by the dealership which will give you greater leverage in negotiating a purchase price for you vehicle.

Arizona’s Lowest Auto Loan Rates:

(Rates accurate as of 9/2010. Visit the bank or credit union’s website for current rate info.)

- Bank of America National Association (Yuma, AZ) offering auto loans for new vehicles on 36 month terms with APRs as low as 2.99% depending on credit worthiness. Further reading from BankVibe.com: Bank of America Auto Loan Rates & Review.

- Western Federal Credit Union (Mesa, AZ) also offering auto loans for new vehicles on 36 month terms with APR’s as low as 2.99% depending on credit worthiness.

- First American Credit Union (Window Rock, AZ) offering auto loans for new vehicles on 60 month terms with APR’s as low as 3.49% depending on credit worthiness.

- Arizona State Credit Union (Tuscon, AZ) offering auto loans for new vehicles on 60 month terms with APR’s as low as 3.99% depending on credit worthiness.

We have just highlighted the “new car loan rates” offered by these institutions. Many institutions will offer similar APR’s for used auto loans as well, however, you will need to contact the bank or credit union directly or visit their rate pages for these APR’s.

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

Auto Loan Rates Maryland: This week’s lowest offers

We were recently tipped off on some pretty sweet auto loan rates coming from a few banking institutions in the state of Maryland and we’d like to give a quick shout out to those institutions offering the lowest loan rates. The auto loans come in the form of 36 month “new car” loans, however, depending on your credit standing you may be able to get significantly low rates for both new and used cars and trucks with varying terms.

Why obtain financing from a bank or credit union before heading to the dealership?

1) You will be treated as a cash buyer which increases your leverage in the negotiation process.

2) Dealers often have the option to change your interest rate. This is frequently referred to as a “dealer reserve” and it can be easily hidden in the fine print. With a bank or credit union funded auto loan purchase you will know your exact APR and it will be a fixed rate for the duration of your loan (generally speaking, auto loans come in the form of 36 month, 48 month, 60 month or 72 month terms).

Lowest Auto Loan Rates in Maryland – Top 3:

(Rates accurate as of 9/2010. Visit the individual institutions’ webpages for updated rate info).

- Navy Federal Credit Union out of Suitland, Maryland has a 36 month auto loan going for an industry best 1.99% APR for approved borrowers.

- Bank of America (National Institution) out of Wheaton, Maryland, has a 36 month auto loan going for 2.99% APR for approved borrowers.

- Market USA Federal Credit Union out of Laurel, Maryland, also has a 36 month auto loan going for 2.99% APR for approved borrowers.

Keep in mind the above rates are based on $25,000 financed for NEW VEHICLES. Contact the institution for individual auto loan needs.

Do you live in Maryland and know of a better auto loan rate offered through your local banking institution? If so, please share by leaving a comment.

Extremely Low Auto Loan Rates offered in Nevada

Over the past few weeks we’ve gotten word of a number of phenomenal auto loan rates being offered through banks and credit unions in not only Las Vegas, Nevada, but the entire state. If you happen to reside in the state of Nevada (or even the general southwest) and are in the market for a new or used car loan you may want to check out the offers from the banking institutions below.

As we’ve mentioned before, there are substantial benefits to bringing your own financing to the table when purchasing a new or used vehicle. First, the dealership will have to treat you as a cash buyer. And second, you will have greater leverage in the negotiation process when you aren’t forced to obtain dealer financing.

Lowest Auto Loan Rates in Nevada:

(The auto loan rates listed below are accurate as of 9/2010. Scroll through our auto loan archives for recent rate deals.)

- Credit Union 1 out of Las Vegas, Nevada, is offering new and used car loans for as low as 2.99% APR. They have 36 month auto loan terms through 72 month auto loan terms.

- InTouch Credit Union out of Las Vegas, Nevada, is offering new and used car loans for as low as 2.99% APR as well. They also have 36 month auto loan terms through 72 month auto loan terms.

- Greater Nevada Credit Union out of Reno, Nevada, is offering new and used car loans for as low as 3.00% APR. They have 36 month auto loan terms through 72 month auto loan terms.

- Bank of America is still offering it’s 36 month auto loan for new vehicles at 2.99% APR. Visit our recent review of Bank of America’s auto loan rates for more details.

If you live in Nevada and know of better auto loan rates and offers going on through your local banking institution, please share by leaving a comment!

Lowest Auto Loan Rates in Arkansas – New & Used Car Loans

If you happen to reside in Arkansas and are in the market for a new or used car loan then you’ll want to check out this weeks lowest auto rates and APR’s (seen below).

Why finance your car or truck loan through a bank/credit union? Greater flexibility and leverage . Before you walk into the dealership always consider bringing your own auto financing package. This gives you an upper hand in the negotiation process as you will be the equivalent of a cash buyer. See more information regarding this subject below.

Arkansas Auto Loan Rates – This week’s lowest offers:

(Rates accurate as of 9/2010. For updated rates and offers scroll through our auto loans archive.)

- Western Federal Credit Union (Rogers, AR) is offering auto loan rates for as low as 2.99% APR on terms of 36 months.

- Bank of America (Springdale, AR) is offering auto loan rates for as low as 3.25% APR on terms of 36 months. Get more auto loan rates from Bank of America.

- Baxter Credit Union (Mountain Home, AR) is offering auto loan rates for as low as 3.790% APR on terms of 36 months.

Before Purchasing your car or truck through dealer financing remember:

- Loans from a dealer are retail sales contracts. The contracts are a service the dealer signs with you, but then sells to a bank or other financial institution.

- Because dealers get a cut of the interest rate, the higher the annual percentage rate (APR) the more they rake in. There’s a built in incentive to bump up the rate.

- Of course, if you can get zero-financing or reduced-rate financing subsidized with a low APR from the manufacturer, you’ll probably get a good deal. Aggressively low interest incentives are common, but often earmarked to specific models.

If you live in Arkansas and know of lower auto loan rates through your local banking institution, please share by leaving a comment!