Explore Hidden Auto Financing Solutions for Massive Savings

Credit Union Loans: A Competitive Edge

Credit unions are member-owned financial institutions that often provide lower interest rates on auto loans compared to traditional banks. According to the National Credit Union Administration, the average interest rate for a 60-month new car loan from a credit union was 2.74% as of the first quarter of 2023, significantly lower than the 4.21% average at commercial banks¹. By becoming a member of a credit union, you can access these competitive rates, potentially saving hundreds or even thousands over the life of your loan.