Miami, FL: Low Auto Loan Rates and Special Offers!

If you happen to reside in Miami, Florida and are in the market for a new or used auto loan then you have a couple sweet offers available for you to take advantage of. Thanks to BankVibe.com reader Stephan for tipping us off on the first one, although we already made note of this promotion when covering the lowest auto loan rates in Louisiana. For a few months now, Navy Federal Credit Union has had an auto loan promotion for new cars and trucks which demands only 1.99% APR for terms up to 36 months. This rate demolishes the current national average which sits at around 6.10% APR for equal terms.

NFCU has branches throughout the southeast as well as a few locations in the mid and southwest. NFCU is a somewhat exclusive credit union though and if you dont have family members whom have served in the Navy you may be excluded for membership. If you reside in Miami, Florida and are unable to join NFCU to take advantage of their auto loan offer, below are some other noteworthy auto loan rates available to you…

Lowest Auto Loan Rates in Miami, FL:

1) NFCU – 1.99% APR (depending on credit history) on new and used autos with terms up to 36 months.

2) Bank of America (National Association) – 3.06% APR (depending on credit history) on new and used autos with terms up to 36 months.

3) First Florida Credit Union (Miami, FL) – 3.24% APR (depending on credit history) on new and used autos with terms up to 36 months.

Like all bank rates, these are time sensitive in nature, please refer to the date of this article for accuracy. If you live in the Miami, FL area and know of a better auto loan rate offered through your local bank or credit union, please share by leaving a comment!

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!

Great Auto Loan Rate for North Carolina Residents!

If you’ve been a regular reader at BankVibe.com you may have recalled the auto loan promotion in Texas we mentioned a week or so ago. We were forwarded this promotion by one of our readers that had seen it at their local Navy Federal Credit Union (Texas branch). However, this promotion is also available in other states – most notably North Carolina – as that is where a significant number of NFCU branches are located. For those who aren’t familiar with it, the product is a can’t miss if are eligible to take advantage of it.

Here are the details…

• Special Rate Offer: For a limited time, get rates as low as 1.99% APR* for 36 months on new vehicles!
• Or: Rates also as low as 3.99% APR* for both new and used vehicles, up to 60 months.
• Discounts: Save with an additional 1/4% APR discount if you’re active duty or retired military,** or a 25-year member.***

They are currently advertising this promotion on their home page and we have a hunch it won’t last long.

If you are in the market for a new or used auto loan and live in North Carolina but are NOT eligible to join NFCU, here are some other noteworthy offers for you to sift through…

- Corning Federal Credit Union (Wilmington, NC) has a 36 month auto loan with rates as low as 2.99% APR.

- Fort Financial Federal Credit Union (Morganton, NC) has a 36 month auto loan with rates as low as 2.99% APR

- Bank of America (Winston Salem, NC) has a 36 month auto loan with rates as low as 3.06% APR.

Keep in mind, 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 North Carolina and know of a better new or used auto loan rate, please share by leaving a comment!

Sweet Auto Loan Rates for Illinois Residents!

Thanks to BankVibe.com reader Ben for forwarding us an incredibly loan auto loan rate offer from a credit union in Illinois. Currently Tee Pak Credit Union, out of Danville, Illinois, is offering auto loan rates as low as 3.75% APR for qualified borrowers. To put this offer in perspective you may want to browse through our archive of auto loans.

A bit about Tee Pak Credit Union… (as seen on their website)

Over 50 years ago, Tee Pak Credit Union was formed to provide the employees of Tee Pak an alternative to traditional for-profit banking institutions. Providing fair returns on your hard earned savings and competitive rates on loans, the credit union has grown to over $13 Million in assets and provides services to over 2000 members.

Eligible employee groups are Viscofan,LLC employees and their families and other relatives.  Also employees of the Commercial News, the County of Vermilion and students and faculty from Schlarman High School. In 1996 the credit union amended its charter to include Retirees of Teepak or Viscofan.

Unlike other financial institutions, Tee Pak Credit Union is owned and operated by its members. The traditional credit union motto of “People Helping People” is what they claim to be all about. Because they are a member-owned financial cooperative and members make up the Board of Directors with no outside stockholders, their savings and loan rates are very competitive and often the best available.

Not eligible to join this credit union? Check out some of the best auto loan rates available in Illinois below…

- Select Employees Credit Union (Sterling, Illinois) – 0-60 month new car loans with rates between 1.99% APR and 5.99% APR. Used car loans with rates between 2.99% APR and 6.99% APR.

- Redbrand Credit Union (Peoria, Illinois) – new car loans with rates starting at 4.85% APR.

- MidWest America Federal Credit Union (Mattoon, Illinois) – 36 month auto loans with rates starting at 4.34% APR.

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

Please note – Like all bank rates these are time sensitive in nature, please refer to the date of this article for accuracy.

New Vehicle Auto Loan Special available in Texas: 1.99% APR!

We just got tipped off on this fantastic 36 month new auto loan offer for creditworthy borrowers who are eligible to join Navy Federal Credit Union. Quick side-note: We are guessing this offer is available at every NFCU branch, however, we were forwarded this offer from a customer banking at their Portland, Texas branch. Currently, NFCU’s Portland, Texas branch is offering new auto loan rates as low as 1.99% APR for 36 month terms!

The special auto loan rate is based on creditworthiness, so your rate may differ if they deem your credit to be too much of a risk. Also, they offer new and used 60-month term auto loan rates for 3.99% APR (depending on credit worthiness) which can come with additional APR discounts for veterans and other qualifying members. However, the 1.99% APR is not eligible for any interest rate discounts. (Payment example: loan amount of $20,000 at 3.99% APR for 60 months would have a monthly payment of $369.00.)

Not eligible for membership with NFCU? Check out these additional auto loan rates in Texas:

- Shell Federal Credit Union has a 36 month auto loan with a rate of 2.50% APR for qualified borrowers. (Deer Park, Texas)

- Capitol One Bank has a 36 month auto loan with a rate of 3.01% APR for qualified borrowers. (Weimar, Texas branch)

- or browse through our archives of auto loan promotions.

Live in Texas and know of a great auto loan rate in your area? Please share by leaving a comment!

Wells Fargo Auto Loan Products and Rates

San Francisco based Wells Fargo is one of the largest banks in the United States today with roughly 6,600 banking branches in nearly 40 states (the infamous stagecoach probably makes a stop near you!). They operate in almost every major banking vertical – including retail, commercial, and corporate banking; investment management; insurance; equipment leasing; and venture capital investment. Within the personal retail banking arena they offer CD (certificate of deposits), auto loans, checking accounts, money market accounts, credit and debit cards. They are also a top residential mortgage lender in the US as well as one of the largest mortgage servicers. The company owns Wells Fargo Insurance Services, one of the world’s largest insurance brokerage firms. It is also a leader in mutual funds and online brokerage services. Wells Fargo acquired Wachovia at the end of 2008, which doubled the company in size.

Their auto loan rates are currently on par with the national average. However, they are known for offering promotional products as well, so you may want to ask your local branch about any special offers available.

Auto Loan Rates offered through Wells Fargo:

New Car Loans:

- 12 – 36 month auto loan comes with APR of 6.74%

- 48 month auto loan comes with APR of 6.74%

- 60 month auto loan comes with APR of 6.99%

- 72 month auto loan comes with APR of 6.99%

Used Car Loans (from Dealer):

- 12 – 36 month auto loan comes with APR of 6.74%

- 48 month auto loan comes with APR of 6.74%

- 60 month auto loan comes with APR of 6.99%

- 72 month auto loan comes with APR of 6.99%

Used Car Loan (Person-to-Person):

- 12 – 36 month auto loan comes with APR of 6.74%

- 48 month auto loan comes with APR of 6.74%

- 60 month auto loan comes with APR of 6.99%

- 72 month auto loan comes with APR of 6.99%

Auto Refinance:

- 12 – 36 month auto loan comes with APR of 6.49%

- 48 month auto loan comes with APR of 6.49%

- 60 month auto loan comes with APR of 6.74%

- 72 month auto loan comes with APR of 6.74%

*Rates accurate as of June 7, 2010. Visit their auto loan page for current rates and offers.

Unbelievable Auto Loan Rates available in San Jose, CA

We just got tipped off on a fantastic new and used auto loan promotion that became available on the first of this month through Santa Clara County Federal Credit Union. Unfortunately for most of us these promotional rates are off the table, however, if you reside in the bay area and are in the market for a new or used car loan, you may want to look into these offers.

Here is the deal: For an unspecified period of time SCCFCU is offering new auto loan rates between 2.99% and 3.99% APR with terms ranging from 0 – 36 months. For a limited time they are also offering used auto loan rates as low as 3.99% APR with terms ranging from 0 – 36 months. To put these offers in perspective the current national average for a 36 month new car loan sits at roughly 6.50% APR. You may also want to compare these rates to the best auto loan rates in California.

Details, Terms and Conditions of Auto Loan Promotion:

- Annual Percentage Rate 2.99% APR is valid for new vehicles with terms up to 36 months, and requires a 20% down payment on the vehicle purchase.

- 2.99%APR is eligible only to members of Santa Clara County Federal Credit Union with a FICO score of 700 or higher.

- Payment amount per every $1,000 borrowed at 2.99% for 36 months equals $29.08 per month.

- All loan policies, rates and terms are subject to change; all loan requests are subject to approval.

- Santa Clara County Federal Credit Union extends vehicle loans under an open end credit plan.

- This offer may not be combined with any other discount or promotional offer; offer not available for an existing County Federal loan.

- No other rates or terms available on this offer.

Visit their promotional page here.

Get a 1% discount on your auto loan rate with 20% down!

If you are in the market for a new or used car this holiday season, you may want to scope out Digital Federal Credit Union’s offer. Currently, if you can make a deposit of at least 20% down on your new or used car, truck or van they will drop the APR on you auto loan by 1.0%.