Has anyone seen an Bank Auto Loan under 3% lately?

rrwins

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Seems like most loans from commercial banks and even some CU's are starting at 3% for anything over 48 months. Please share if you have had better luck. Thank you.





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noloc45

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I was able to get 3.29% @ 60 with a 720 credit score.

I never inquired about anything less so possibly could have been under 3%

This was Orlando Federal Credit Union
 

Andrew05LJR

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Pretty frustrating considering I have 2% on my M3 and now the best I can do with a 790 score and double the income is 3.5%. It almost stopped me from making the transaction but I guess I’ll make a few extra payments per year to hit more principal. I’m using Suncoast CU
 

Edorand

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Fed rate has been going up .25% every quarter since 2017, that increases bank lending rates. It stayed almost the same from 2008-2015. It's stupid to compare rates for a previous auto loan
 

Jeff1

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Best I was able to find is 3.59 up to 51 months at a credit union with a 865 score.
 

mrsnorkel99

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Tfcu teachers federal credit union 2.99%
Nfcu naval federal credit union. 2.99%

I am using tfcu just waiting for my jeep to be delivered.
 

WXman

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Rates here are starting at 3.49% and that's ONLY on short term loans with 800+ credit score.

Most people here are going to be in the 5% range realistically.
 

1quick1

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I was a bit frustrated when I got mine last year as with 800+ credit the best I could find was 3.24% but it seems that is even going up.

I miss the old 0% through Chrysler Financial I had years ago.
 

Austin TX Jeep Rubicon

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I have 2.65% for 48 months. I got my loan from UFCU.org back in late November.
 

Andrew05LJR

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Fed rate has been going up .25% every quarter since 2017, that increases bank lending rates. It stayed almost the same from 2008-2015. It's stupid to compare rates for a previous auto loan
Wasn’t comparing but rather bitching, which I guess is useless. But no need to start saying Im stupid for bringing up my current loan in frustration to how it’s 1.5% more than my previous loan. That’s a rather large sum of money on a $50k loan. If that’s stupid to be frustrated about then I’ll gladly take the stupid title
 

SecondTJ

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Wasn’t comparing but rather bitching, which I guess is useless. But no need to start saying Im stupid for bringing up my current loan in frustration to how it’s 1.5% more than my previous loan. That’s a rather large sum of money on a $50k loan. If that’s stupid to be frustrated about then I’ll gladly take the stupid title
Then don't take on a $50,000 vehicle loan
 

Mid-life Wrangler

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I looked and looked last year and the best I got preapproved for was 2.99% for 72 months. I took that to the dealer and told him that if he could find a better rate I would take it. He secured a loan for 2.89%. Not a huge difference, but it’ll save a little bit of money. Whatever you find on your own, I would suggest getting the dealer to try to beat it. They get a little kickback and you get a better rate.
 

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