1/25/2019
Loan Rates
Auto Loan Rates Auto Loan rates are not as interesting. Most everyone is between 4 and 4.5% on their A+ borrowers for 60 months. If you’re an A+ member and want to finance for a longer term you’d be wise to shop around. No one seems to know what rate to charge for the longer term A+ member.
Of course, credit unions are making the real money on the B-C members that are willing to pay higher rates.
With the Prime Rate and 5.5% and considering that you can earn 2.55% on a 5 year treasury, 4% on an A+ borrower seems reasonable.
