Los Angeles, CA: Low Auto Loan Rates and Special Offers!
Thanks to BankVibe.com reader Justin for tipping us off on a fantastic auto loan promotion he was able to get through his local credit union. CalCom Federal Credit Union (Glendale, California branch) has a special auto loan offer for existing members, however, even if you are not a current member you can still lock in 36 month auto loan rates whose APR’s are significantly under the current national average once you’ve joined. CFCU’s Glendale branch (just outside Los Angeles) is providing it’s members with the option to knock off an additional 2% of their current auto loan rate.
Their auto loan deal is highlighted on their homepage (details also shown below):
Two for Two: Come Back for “Seconds” and get up to 2% off!
- Steer yourself in the right direction and head to CalCom Federal Credit Union for amazingly low rates on auto loans. If you already have an auto loan with CalCom, you can get a second auto loan or refinance your auto loan from another lender or dealer with up to 2% off your existing rate with them!
CalCom does not list their auto loan rates on their website, however we have heard that they have a 36 month auto loan as well as a 60 month auto loan with APR’s of 3.0% for qualified borrowers. To put these offers in perspective, the current national average for 36 month and 60 month auto loan rates sit at roughly 6.20% and 6.30% APR, respectively.
If you are ineligible to join CFCU, here are some other low auto loan rates in the Los Angeles Area:
- Bank of America (Los Angeles, CA branch) – 3.36% APR for 36 month auto loans.
- US Bank National Association (LA, CA branch) – 3.74% APR for 36 month auto loans.
Like all bank rates, these are time sensitive in nature, so please refer to the date of this article for accuracy. If you live in the greater Los Angeles area and know of a better new or used car loan rate in your area, please share by leaving a comment!
