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These rates are updated weekly. For criteria used in surveys of rates above, click here. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site, where you can find additional information. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
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Right now on our list of auto loan rates in New York, New York, Pentagon Federal Credit Union have the best auto loan rate on a 4 year loan for a new auto. PenFed’s current 48 month new auto loan rat is at 2.49 percent.

The second lowest 4 year new auto loan rate on our list in New York, NY, is from Bank of America. The bank is offering 4 year rates at 2.54%.

The third best 4 year auto loan rate on our list in New York City is from M&T Bank. The bank’s current rate is 4.49%. This rate is with an discount of 0.50% for having your monthly auto payments automatically deducted from a M&T checking account.

The following two banks round out the top 5 rates on our list. HSBC bank is offering 4 year new car loan rates at 6.99% and Banco Popular is offering 4 year new car loan rates at 8.44%.

You can search our rate tables for the best auto loan rates here: Best auto loan rates. In addition to auto loan rates monitorbankrates.com has list of the best mortgage rates. If you’re seraching for CD rates, savings rates or checking rates we have a rate lists for all types of deposit accounts.

 
Author: Jason P. Jones
July 15th, 2011

On our current list of 4 year new auto loan rates in Phoenix, Arizona, Pentagon Federal Credit Union and Bank of America have the best rates. Both the credit union and bank are offering 48 month auto loan rates at 2.99 percent.

The second best 4 year loan rate on our list in Phoenix, AZ, is from Arizona Federal Credit Union. The credit union is currently offering 4 year loan rates at 4.24 percent.

Another credit union is listed for the third best rate on our Phoenix list. Desert Schools Credit Union is offering 4 year new car loan rates at 4.49 percent. Desert Schools’ rate includes a 0.25 percent discount for having e-statements and auto loan payments automatically deducted from a Desert Schools checking account.

For new auto loan rates, the fourth best 4 year new auto loan rate is from Bank of the West. The bank is offering 48 month new auto loan rate of 4.99 percent. The bank’s rate includes a 0.25 percent discount for automatic payments from a Bank of the West checking account.

Phoenix, Arizona Auto Loan Rates

Institution Rate Rate Discounts
Pentagon Federal Credit Union 2.99% 0.00%
Bank of America 2.99% 0.00%
Arizona FCU 4.24% 0.00%
Desert Schools CU 4.49% 0.25%
Bank of the West 4.99% 0.25%
Harris Bank 5.50% 0.25%
 
Author: Robert Till
March 10th, 2011

Right now on our auto loan rate list in San Jose, California, Los Angeles Firemen’s Credit Unoin has the lowest auto loan rate. LA Firemen’s 4 year new auto loan rate is 1.99 percent with no discount points. That is one of the best auto loan rates available right now.

Pentagon Federal Credit Union has the second best auto loan rate on our 4 year new auto loan list in San Jose, CA. PenFed’s current 4 year new auto loan rate is 2.99 percent with no discount points.

Coming in third place on our list of rates in San Jose is ChevronTexaco Federal Credit Union. ChevronTexaco’s current 4 year new car loan rate is  3.09 percent with 0.50 discount points.

The fourth lowest 4 year new auto loan rate on our list is LA Federal Credit Union. LA FCU’s current rate is 3.375 percent with 0.375 discount points.

Rounding out the top five rates is Bank of America, the only bank in the top 5 rates. Bank of America’s current 48 month new auto loan rate is 3.49 percent.

Each credit union has different requirements for membership.

San Jose, California Auto Loan Rates

LA Firemen’s CU 1.99% Discount Points 0.00%
Pentagon Federal Credit Union 2.99% Discount Points 0.00%
ChevronTexaco FCU 3.09% Discount Points 0.5%
Patelco CU 3.35% Discount Points 0.1%
LA FCU 3.38% Discount Points 0.375%
Bank of America 3.49% Discount Points 0.00%
Golden 1 CU 3.74% Discount Points 0.25%
Contra Costa FCU 3.75% Discount Points 0.00%
Patelco CU 3.85% Discount Points 0.1%
Safe CU 3.95% Discount Points 0.5%
nuVision Financial CU 4.45% Discount Points 0.25%
Bank of the West 4.99% Discount Points 0.25%
California Bank & Trust 5.10% Discount Points 0.25%
California Credit Union 5.24% Discount Points 0.5%
Pacific Service CU 5.24% Discount Points 1.00%
First Bank 5.75% Discount Points 0.25%
Westamerica Bank 6.54% Discount Points 0.00%
HSBC 8.99% Discount Points 2.00%

 
Author: Jason P. Jones
February 14th, 2011

Right now on our auto loan rates list in Chicago, Illinois, Pentagon Federal Credit Union has the best auto loan rate on 3 year new auto loans. PenFed’s current 3 year rate is 2.99 percent with zero auto discount points. A 3 year auto loan in the amount of $25,000 at 2.99 percent has a monthly payment of $726.92.

Bank of America comes in a close second on our Chicago, IL list with a 3 year new loan rate of 3.49 percent with zero rate points. The monthly car payment for a $25,000 loan at 3.49 percent is $732.44.

Nationwide Bank has the third lowest car loan rate on our Chicago rate list. Nationwide’s current 36 month new auto loan rate is 3.70 percent with 1 rate discount point. The monthly payment for a $25,000 loan at 3.70 percent is $734.77.

Harris Bank has the fourth best rate on our list. Harris Bank’s current 3 year rate is 5.50 percent with 0.50 rate discount points. The monthly payment for a $25,000 loan at this rate is $754.90

The fifth best 3 year new auto loan rate is from First Bank and Trust. The bank’s current rate is 5.75 percent with 0.25 rate discount points. The monthly payment for a $25,000 loan at this rate is $757.72.

As you can see, the monthly payment amount on a $25,000 loan, between the best rate 2.99 percent and the worse rate on our list 5.75 percent is just about $30. The big difference is the total dollar amount you’ll save on the life of the loan. $30 a month adds up.

 
Author: Brian McKay
February 12th, 2011

Right now on our 48 month new auto loan rate list in Los Angeles, California, we found two credit unions have the lowest auto loan rates. LA Fireman’s Credit Union has the lowest rate and Pentagon Federal Credit Union comes in with the second best auto loan rate.

LA Fireman’s Credit Union’s current 48 month new auto loan rates are at 1.99 percent. The rate is with zero rate discount points. Points are sometimes taken off the loan if you open a checking account or savings account and have the monthly loan payments automatically deducted from the account.

The second best 4 year new auto loan rate in Los Angeles, CA, is from Pentagon Federal Credit Union. PenFed’s current 4 year new auto loan interest rate is 2.99 percent. This advertised rate is also with zero rate points.

The third lowest 4 year year new car loan rate on our list in Los Angeles, is from ChevronTexaco Federal Credit Union. The credit union’s current 4 year new auto loan rate is 3.09 percent. This rate reflects a .50 percent discount for automatic payments from a ChevronTexaco account.

Los Angeles, California Auto Loans

Institution Rate Rate Discounts
LA Fireman’s CU 1.99% 0.00%
Pentagon Federal Credit Union 2.99% 0.00%
ChevronTexaco FCU 3.09% 0.50%
Patelco CU 3.15% 0.10%
LA FCU 3.38% 0.38%
Bank of America 3.49% 0.00%
Golden 1 CU 3.74% 0.25%
Contra Costa FCU 3.75% 0.00%
Safe CU 3.95% 0.50%
nuVision Financial CU 4.45% 0.25%
Bank of the West 4.99% 0.25%
California Bank & Trust 5.10% 0.25%
California Credit Union 5.24% 0.50%
Pacific Service CU 5.24% 1.00%
First Bank 5.75% 0.25%
Westamerica Bank 6.54% 0.00%
HSBC 8.99% 2.00%
 
Author: Jason P. Jones
February 9th, 2011

Average auto loan rates were mostly lower again this week. 3 year new auto loan rates are averaging 5.015 percent this week, down fractionally from last week’s average rate of 5.020 percent. You can find 3 year new car loans rates lower than the national average rates. Right now on our California auto loan rate list for a 3 year new auto loan two credit unions are offering loans below 3.00 percent. LA Fireman’s CU is offering rates at 1.99% and and Pentagon Federal Credit Union is offering rates at 2.99%.  

4 year new auto loan rates are averaging 5.143 percent, down from the prior week’s average rate of 5.15 percent. Again, these interest rates are average rates, there are banks and credit unions offering 4 year new auto loan rates lower than the national averages.

5 year new auto loan interest rates are currently averaging 5.265 percent, down fractionally from last week’s average of 5.27 percent. On our 5 year new auto loan rate tables across the United States PenFed Credit Union is offering rates at 2.99 percent.

4 year used auto loan rates are averaging 5.538 percent, down from the prior week’s average 4 year used auto loan rate of 5.51 percent.

Average Auto Loan Rates Today

3 Year New Auto Loan Interest Rates 5.015%

4 year New Auto Loan Interest Rates 5.143%

5 year New Auto Loan Interest Rates 5.265%

4 year Used Auto Loan Interest Rates 5.538%

Display average auto loan rates on your website by using our free average auto loan rates widgets. Get the free widgets here: Auto Loan Rate Widgets.

 
Author: Jason P. Jones
February 6th, 2011

Searching our auto loan rate list in Hartford, Connecticut we found Nationwide Bank topping our list of 4 year used auto loan rates. Nationwide is currently offering 4 year used auto loans at 4.45 percent. This auto loan rate reflects a 1.00 percent discount for automatic/ACH payments.

The second best auto loan rate on our list in Hartford,  CT, is from Sovereign Bank. The bank is offering rates on used auto loans at 4.75 perent. This rate reflects a  0.25 discount for automatic payments.

The third lowest auto loan rate on our list in Hartford is from Bank of America. The bank’s current 4 year used auto loan rates are at 5.25 percent.

The fourth best rate on our list is from TD Banknorth. The bank’s current 4 year used car loan rate is 5.84 percent with a 0.25 percent auto loan discount.

Auto Loan Rates Hartford, Connecticut

Institution Loan Rate Rate Discounts
Nationwide Bank 4.45% 1.00%
Sovereign Bank 4.75% 0.25%
Bank of America 5.25% 0.00%
TD Banknorth 5.84% 0.25%
New Alliance Bank 7.24% 0.25%
Wachovia 7.49% 0.25%
Liberty Bank 7.50% 0.00%
Webster Bank 9.49% 0.25%
 
Author: Lisa Graham
February 1st, 2011

Right now on our auto loan rates list in Houston, Texas, Bank of America Tops our list of 5 year new auto loans. Bank of America is offering 5 year new auto loan rates at 3.49 percent. A 5 year auto loan for $15,000 at 3.49 percent makes the monthly car payments $447.03.

Second on our list of used auto loan rates in Houston, TX is USAA FSB with a 5 year new auto loan rate of 4.04 percent. USAA FSB will finance up to 100% for qualified applicants. USAA FSB is also offering a 0.25 percent auto loan rate discount. If you already have a car loan and want to refinance the auto loan USAA also offers refinance auto loans.  

Third on our list of new auto loan rates in Houston is Frost Bank with an auto loan rate of 5.99 percent. Frost also has a auto rate discount of 0.25 percent when you have your monthly auto payments deducted from a Frost Bank checking account or savings account.

Whitney National Bank is fourth on our list of rates. Whitney National Bank is offering 60 month new auto loans at a rate of 6.45 percent. Whitney National Bank is also offering a 0.25 percent discount if you have your monthly car payments automatically deducted from a Whitney National Bank checking account.

The fifth bank on our list is Comerica Bank with an car loan rate of 6.49 percent. Comerica Bank offers a .50 percent discount for having a payment automatically deducted.

 
Author: Robert Till
January 26th, 2011

Average auto loan rates were mostly lower this week, following Treasury yields lower. Interest rates on auto loans have stabilized recently after heading higher at the end of 2010. Rates on loans will start going higher in 2011 as the economy improves, the unemployment rate goes down and inflation becomes a concern. Once this happens the Fed will raise interest rates which will cause auto loan rates to go higher.

The current average interest rate on 3 year new auto loans is 5.02 percent this week, down from last week’s average rate of 5.07 percent. This is the second consecutive week 3 year new auto loan rates are lower.

The current average loan interest rate for 4 year new auto loans is averaging 5.15 percent, down from the prior week’s average rate of 5.18 percent. These rates are average rates, there are banks and credit unions offering loan rates that are considerably lower.

Interest rates on 5 year new auto loans currently are averaging 5.27 percent, a decline from last week’s average of 5.29 percent. Right now on our rate list PenFed Credit Union is offering rates at 2.99 percent.

Current 4 year used auto loan rates are unchanged for the week ending January 21, 2011. Average interest rates on 4 year used auto loans are averaging 5.51 percent, unchanged from the previous week.

January 21, 2011 Average Auto Loan Interest Rates

  • 3 Year New Auto Loan Rates 5.02%
  • 4 year New Auto Loan 5.15%
  • New Auto Loan – 5 Year 5.27%
  • Used Auto Loan – 4 Year 5.51%
 
Author: Lisa Graham
January 21st, 2011

Pentagon Federal Credit Union has the lowest auto loan rate on our list of rates in Philadelphia, Pennsylvania for a 5 year new auto loan in the amount of $40,000. PenFed is currently offering 60 month new auto loan rates at 2.99 percent. The monthly auto loan payments for a $40,000 loan at 2.99 percent is $718.57.

Bank of America the second lowest auto loan rate on our Philadelphia, PA rate list. Bank of America is offering 5 year new auto loan rates at 3.39 percent. The monthly auto loan payments for a $40,000 loan at 3.39 percent is $725.70.

The third best auto loan rate on our Philadelphia is from PNC Bank and Sovereign Bank. Both bank’s current 60 month new auto loan rate is 4.00 percent. PNC Bank is also offering  a .50 percent discount on the rate if you have your monthly car payments automatically deducted from a PNC checking account.

If you open a savings account or money market account at Sovereign and have the monthly payment automatically deducted you receive a 0.25 percent discount on the rate. The monthly auto loan payments for a $40,000 loan at 4.00 percent is $736.66.

The rates listed below are for a 5 year new auto loan in the amount of $40,000.

 Philadelphia, Pennsylvania Auto Loan Rates

  • PenFed 2.99%
  • Bank of America 3.30%
  • PNC 4.00% Rate Discount 0.50%
  • Sovereign Bank Rate Discount 0.25%
  • Dollar Bank 4.74% Rate Discount 0.25%
  • Wilmington Trust 5.60% Rate Discount 0.50%
  • FirstMerit 5.74% Rate Discount 0.25%
  • Wachovia 6.25% Rate Discount 0.25%
  • Fulton Bank 7.49% Rate Discount 0.50%
  • HSBC 8.99% Rate Discount 2.00%
 
Author: Lisa Graham
January 12th, 2011