web statistics
Loan Type
Location by:   
  
 
Lender
Rate
Updated
Fees & Conditions
PNC Bank
48 Mo New Car
2.54%
03/24/2017
Additional .25% disc available w/auto debit; no fee 
Chase Bank
48 Mo New Car
3.59%
03/24/2017
Additional .25% disc available w/auto debit; no fee 

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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.
Bankrate.com rates banks, thrifts and credit unions through proprietary Safe & Sound star rating system. Rates are subject to change without notice and may vary from branch to branch.



Auto Loan Rates in Philadelphia, Pennsylvania

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

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