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.
