GOBankingRates Reports 7 Best Auto Loan Rates in Syracuse

As new car prices rise and auto loan rates remain low, personal finance site GOBankingRates identifies the Syracuse banks and credit unions with the lowest auto loan rates today

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GOBankingRates

Mar 10, 2014, 08:15 ET

SYRACUSE, N.Y., March 10, 2014 /PRNewswire/ -- Car prices are rising, yet auto loan rates remain low, at least for the moment; in order to get behind the wheel, American borrowers are taking out larger loans today than ever before.

To help car buyers take advantage of the lowest auto loan rates today from local banks and credit unions, GOBankingRates released a list of the best auto loan rates in Syracuse.

"Although rates on some loans, like mortgages, are increasing, auto loan rates are still relatively low and affordable," said Amanda Garcia of GOBankingRates. "GOBankingRates consistently finds auto loan rates below 3% at many community banks and credit unions."

GOBankingRates also surveyed the average auto loan rates on city, state and national levels.

	Syracuse	New York	National
3-Year	2.87%	4.02%	3.26%
4-Year	2.83%	3.27%	4.01%
5-Year	2.56%	3.56%	3.58%

7 Lowest Auto Loan Rates in Syracuse

Auto loans from MONEY Federal Credit Union and Visions Federal Credit Union are notable for offering the lowest rate in Onondaga County. At MONEY FCU, "Royal Members" can also get an extra 0.25% rate discount. Visions FCU also offers financing up to 115 percent.

No. 1- MONEY Federal Credit Union and Visions Federal Credit Union: 1.99% (5-Year)
No. 2- The Summit Federal Credit Union: 2.05% (3-Year)
No. 3- Berkshire Bank: 2.30% (3-Year)
No. 4- Bank of America: 2.34% (5-Year)
No. 5- Chase Bank: 2.83% (4-Year)
No. 6- Adirondack Bank: 3.00% (3-Year)
No. 7- NBT Bank: 3.54% (3-Year)

About This Study

This study surveyed base auto loan rates for three-, four- and five-year terms from financial institutions in Onondaga County as of March 3, 2014. Data was compiled from the GOBankingRates interest rate database, which in partnership with Informa Research Services Inc., aggregates interest rates belonging to more than 6,000 U.S. banks and credit unions.

Interest rates are subject to change at any time. Accuracy cannot be guaranteed. Other terms and conditions could apply. All rates are shown in APR.

About GOBankingRates

GOBankingRates (http://www.gobankingrates.com/) is a personal finance website that connects consumers with the best interest rates nationwide on savings, checking, money market and CD accounts, as well as auto loans.

Contact:

Christina Lavingia
[email protected]
310.297.9233 x118

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SOURCE GOBankingRates