KPRC 2 Investigates is about to show you five solutions to getting the lowest possible auto loan rate on your new car.
Here, they can help you comparison shop multiple auto loan lenders at the same time, with rates that start as low as 4.67%.
“This is a great option for Houston-area residents as well because the Space City Credit Union is open to anybody who lives or works or worships in Harris or Brazoria counties,” Rossman said.Solution number four comes from yet another popular credit union. It’s the PenFed Credit Union auto loan with rates that start as low as 5.49% if you use their car-buying service, or as low as 6.09% if you buy the car on your own.
“Yes, it’s kind of unconventional to use it for a car purchase, but the industry has been moving more in this direction. You can potentially take out a personal loan and buy a car and the lowest rate I’ve seen is just 4.6% from Upstart. The asterisk here is you need to ask if they have an origination fee you have to pay and how much is that fee,” Rossman said.
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