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!

Apple Federal Credit Union’s Auto Loan Promotion

We were just forwarded one of the best auto loan promotions we’ve seen so far this summer. Thanks to BankVibe.com reader Stephanie for submitting us this one!  With this auto loan promo you can get up to 115% auto financing for new, used and refinanced vehicles for a freakishly low APR of 2.64%. Plus once you sign up for a new auto loan you are automatically entered into a drawing to receive some not-so-shabby prizes!

Prizes associated with Apple Federal Credit Union’s Auto Loan Promotion:

• Grand Slam Grand Prize – 55” LCD HDTV, Sony^® PlayStation^® 3 and MLB^® 10 The Show^™ video game
• Triple – Sony PlayStation 3 and MLB 10 The Show video game
• Double – $250 Hard Times Cafe^® gift card
• Single – Four-pack of Washington Nationals tickets plus a parking pass

To win, you’ve got to get on base! Your Apple Auto financing must be disbursed by August 31, 2010. Each Loan will automatically be entered into a drawing for the June, July or August prize packs, based on your Loan disbursal date. Four lucky members will win each month!

You can apply for the auto loan online, at one of their 25 auto dealer partners, stopping by a local branch or by giving them a call – (703) 788-4800.

Terms and Conditions:

Prize packages will be awarded each month to winning members selected during a random drawing. To qualify for Apple’s Grand Slam Prize drawing, members must:

1) Secure Auto Loan financing with Apple FCU;

2) Use approved Loan funds for vehicle purchase before 8/31/10.

The date of Auto Loan disbursal will qualify the member for that month’s prize drawing.  No purchase necessary to win. Members may also enter the drawing by writing “Grand Slam Auto Event,” along with their name, address and phone number on a 3” x 5” card and mailing it to: Apple FCU, ATTN: Marketing Department, P.O. Box 1200, Fairfax, VA 22038.

Entries must be postmarked before 8/31/10.

APR = Annual Percentage Rate as of 6/01/10 for a new, refinanced or used, 36-month term, includes a .25% Direct Deposit rate discount and is subject to change at any time. Rate based on an evaluation of applicant credit and your actual rate may vary (or be higher).

Payment is based on the purchase of a new/used/refinanced $20,000 auto, with no down payment, and an 84-month term at 4.74% APR.

You may want to compare this special offer with other Auto Loan Promotions we have covered.

Promotional Auto Loan Rates available in Washington State!

We just got tipped off on a pretty sweet auto loan promotion available to BECU (Boeing Employee Credit Union) members. For three days this month you can lock in a new auto loan rate for as little as 2.99% APR! Although the name of this credit union may lead you to believe you must work for the Boeing company in order to be eligible for membership, they have actually opened their doors to all residents in Washington state.

View BECU’s PDF detailing this event here.

Over 70 dealerships in the greater puget sound region are participating in this event, however, it is only available from April 23 – 25th.

Details of Exclusive Auto Event for BECU Members:

- When you get a loan to purchase an auto from a participating dealer during this event, you receive an additional .50% off your rate, which means your rate could be as low as 2.99% APR

- Visit any participating dealer during the weekend of April 23-25 and test drive new and used vehicles

- Select the auto you want, get on-the-spot BECU financing and drive home!

- View dealer inventory at www.becuautoeventnw.com

- You can also print out the coupon from the PDF link (above) and bring it in to your local dealer for a chance to win a $250 mastercard gift card

Terms and Conditions of Promotion:

- 2.99% APR based on BECU membership, 80% loan to value (LTV) excellent creditworthiness, 84-months or less loan term and includes .50% auto event and .50%

- automatic payment rate reductions. Rates offered will be based on BECU membership, applicant’s creditworthiness, LTV, payment method and repayment period. Financing

- subject to BECU approval. BECU does not endorse or vouch for dealers or dealer’s products or services and accepts no liability for the use of such products and services.

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.

Refinance your auto loan at CCU for rates as low as 3.44% APR

A phenomenal auto loan promotional rate was just forwarded to us this week by BankVibe.com reader Vicki. This auto loan product comes from Crescent Credit Union of Massachusetts and can carry an APR as low as 3.44 percent! To put this deal in perspective the national average for 36 month new car loans and 36 month used car loans sits at 6.40% APR and 6.84% APR, respectively. This promotion is practically cutting the national average in half! See all the promotional details here or read them below.

This is an auto loan refinance option and is offered on terms up to 84 months. If you’ve recently purchased a new or used vehicle and locked in a loan at an unfavorably high interest rate, you may want to consider a refi. However, not everyone is eligible to take advantage of this product. You must first be a member of Crescent Credit Union and if you live outside of the greater New England area, you’ll probably have a difficult time joining. They have branches throughout Massachusetts including Cambridge, Bonston, Brockton, Norwell and Taunton.

Refinance Auto Loan Rate – Terms and Conditions:

• Refinance cannot exceed 100% of the book value of the car, pay-off amount, or 100% of the NADA value.
• APR (Annual Percentage Rate) as of 1/16/10 is based on automatic payment from a Crescent checking account.
• APR is for 2009-2010 models with a 63-month term.
• Without automatic payments rate is 0.25% higher.
• For 3.44% APR, maximum LTV (loan to value) is 100%.
• For 63 monthly payments at 3.44% APR the repayment amount would be $17.37 per $1,000.
• For 2009-2010 models, an 84 month term is available at 7.99% APR and a corresponding payment of $15.58 per $1,000.
• Other rates and terms available based on model year.
• Offer subject to change at any time.
• Subject to credit approval. Membership eligibility requirements apply.
• Offer subject to change and may be withdrawn at any time.