Detroit Car Loans: Best Used Rates
For anyone in the market for a new car, saving money is usually a top priority. One of the best ways to lower the cost of purchasing a vehicle is to secure an low loan interest rate. A low rate means low interest payments. Of course, lowering the actual purchase price of the vehicle helps, too, so you may also want to consider buying a used car.
Detroit car loan rates are sometimes different for used cars. That means if you’re planning to finance a used car purchase, you’ll need to research the best interest rates for these loans. Below is a list of the best Detroit used auto loan rates for a term of 48 months.
Lowest Used Car Loan Rates in Detroit: 48-Month Term
- Pentagon Federal Credit Union: 2.49% APR
- Credit Union ONE: 3.49% APR
- Fifth Third Bank: 4.14% APR
- Up2drive – a division of BMW Bank: 4.29% APR
- Dearborn Financial: 4.39% APR
The above rates are based on a principal loan amount of $10,000 and are accurate as of 5/17/11. Please note that rates are subject to change at any time and you may be offered a different rate based on your credit.
