GOBankingRates Reports: 9 Best Auto Loan Rates in Fort Worth

Personal finance site GOBankingRates identifies the Fort Worth banks and credit unions with the lowest auto loan rates today

News provided by

GOBankingRates

Mar 18, 2014, 08:45 ET

FORT WORTH, Texas, March 18, 2014 /PRNewswire/ -- Car prices are rising, yet auto loan rates remain low, at least for now; to get behind the wheel, borrowers are taking out larger loans than ever before.

To help buyers take advantage of the lowest auto loan rates today from local institutions, GOBankingRates released a list of the best rates in Fort Worth.

"Although mortgage rates are increasing, auto loan rates are still low," 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 the city, state and national levels.

Average New Auto Loan Rates:

	Fort Worth	Texas	National
3-Year	3.60%	3.54%	3.26%
4-Year	4.66%	4.49%	4.01%
5-Year	2.71%	2.82%	3.58%

9 Lowest Auto Loan Rates in Fort Worth

American Airlines Credit Union, Tarrant County Credit Union and Fort Worth Community Credit Union are notable for offering the lowest local auto loan rates.

No. 1- American Airlines CU (3-Year): 1.49%^*
No. 2- Tarrant County CU (3- through 5-Year): 1.99%^*
No. 3- Fort Worth Community CU (3- through 5-Year): 2.05%
No. 4- Bank of America (5-Year): 2.34%
No. 5- BB&T (3-Year): 2.39%
No. 6- EECU (4-Year): 2.60%
No. 7- Chase Bank (4-Year): 2.88%
No. 8- Citizens National Bank (5-Year): 2.90%
No. 9- BBVA Compass Bank (5-Year), Tarrant County CU (3- through 5-Year) and Woodforest National Bank (3-Year): 2.99%

Tarrant County CU is running a BOGO loan special, granting "buy one, get one half off" rate discounts when borrowers take out two auto loans.

^*This rate includes promotional discounts.

About This Study

GOBankingRates surveyed rates for three-, four- and five-year auto loans from banks and credit unions in Denton and Tarrant Counties as of March 3, 2014. Data is from the GOBankingRates interest rate database, which partners with Informa Research Services Inc. to aggregate interest rates from more than 6,000 U.S. financial institutions.

Interest rates could change and accuracy cannot be guaranteed. Other terms and conditions could apply. All rates are shown in APR.

About GOBankingRates

GOBankingRates.com is a personal finance website that connects consumers with the best interest rates nationwide. Its editors are regularly featured on U.S. News, Forbes, MSN Money, Huffington Post and more.

Contact:

Connie Lundegard
[email protected]
310.297.9233 x112

Logo - http://photos.prnewswire.com/prnh/20130926/LA86996LOGO

SOURCE GOBankingRates