Moneywise - Auto Loans
The average car payment is now $770/month — could a credit union's lower rate save you, or is the longer loan quietly costing you more?
Credit unions often beat banks on rates, but they are smaller in size and have stricter membership rules.
More than 100,000 car owners refinanced their loans in Q1, cutting rates by 2.24% and saving an average of $81 a month
The average original rate for an auto loan this year is 10.3%, but people who refinance are averaging 8.1%.
An Alabama couple owes $40K on a car worth only $27K. Here’s why loans can quickly sink your finances
Don’t find yourself in an underwater car loan situation.
