Top New York Auto Loan Rates for Used Vehicles
If you’re on a mission to save money on your next car purchase, there are several strategies you can use. The first is to find the lowest auto loan rate, because even the slightest difference in interest rates can mean hundreds of dollars you either save or spend each month.
The next thing you can do is reduce the amount you borrow. The lower the purchase price of your car, the smaller your principal and amount you end up paying in interest. One of the best ways to reduce the cost of your vehicle is to buy a used one. The following are the lenders in with the best auto loan rates on used cars today:
Best Used Auto Loan Rates in , New York
- Pentagon Federal Credit Union: 2.49% APR
- Up2drive – a division of BMW Bank: 4.29% APR
- Nationwide Bank: 4.45% APR
- Bank of America: 4.75% APR
- M&T Bank: 5.24% APR
These rates are based on a principal loan amount of $10,000 and a term length of 48 months. Rates are accurate as of May 23, 2011 but are subject to change at any time.