Tips When Looking for Car Loans

05/15/08 - 03:45 PM EDT

Peter McDougall

If you do decide that a new car is right for you, you may want to consider financing the purchase with an auto loan. To get you started, here are some of the lowest rates available on car loans across the nation (all loans are based on $25,000 of financing):

  • In Miami, Fla., the Navy Federal Credit Union is offering a 36-month, 3.5% rate loan with 100% financing.
  • In Atlanta, Ga., the Bank of America, National Association is offering 36-month and 60-month loans at 4.34% with 90% financing.
  • In Houston, Texas, the Members Choice Credit Union is offering a 36-month, 4.25% rate loan with 100% financing.
  • In Detroit, Mich., the EDS Credit Union is offering a 36-month, 4.74% rate loan with 100% financing.
  • In Chicago, Ill., the Suburban Bank and Trust is offering 36-month and 48-month loans at 4.99% with 80% financing.
  • In Dallas, Texas, the Resource One Credit Union is offering a 36-month, 4.85% rate loan with 100% financing.
  • Check out other auto loan rates and offers at BankingMyWay.com.

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    Peter McDougall is a freelance writer who lives in Freeport, Maine, with his wife and their dog.
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