Outstanding New Auto Loan Rates offered at this credit union…

January 15th, 2010 Posted in Auto Loans

After being tipped off on Carolina Family Credit Union’s 6 month CD rate, we happened to notice this particular credit union was also offering some substantial deals on their new auto loan rates. Currently when financing a new car, truck or van you will pay the following APRs:

4.75% APR on a new auto loan up to 48 months (national average sits at 6.62% APR)
5.25% APR on a new auto loan up to 60 months (national average sits at 6.65% APR)
5.75% APR on a new auto loan up to 72 months (national average sits at 6.06% APR)

Features, Terms and Conditions of New Auto Loan offer from CFCU:

They finance 100% of the selling price of new cars and trucks and finance the NADA trade in value for used vehicles.
Life and disability insurance protection available.
If you are shopping for a new vehicle, they can pre-approve your loan.
Same rates for boats, campers, 4 wheelers, and other recreational vehicles.
Actual interest rates on all auto loans will be determined by Beacon Score.
All vehicles purchased within 180 days or demos with less than 20,000 miles will receive the new car rates.
You can borrow up to $10,00.00 unsecured based on your credit report and debt ratio.

Granted this credit union is fairly exclusive to join (ie you must live, work, worship or attend school in a small geographical area within North Carolina) however, it goes to show that smaller, exclusive, credit unions may be your best bet when tracking down optimal rates.

Purchasing a green vehicle?

If you plan on purchasing a low emission vehicle you may want to look at some auto loan rate promotions which strive to promote these purchases. A few weeks ago we noted one particular credit union offering a half-a-point discount on green auto loans!

On-line Bank

High Interest, FDIC Secure Bank CDs Open a CD & Maximize Your Earnings!