With average 60-month auto loan rates in Long Island, NY, at 5.46 percent, now is a good time to be in the market for a new car. But it's still important to create a budget before you get a loan, despite rates being at near record lows.
You should always pay cash up front for a vehicle if you can, but if you have to finance, now might be the time. Some institutions are even offering better rates to those with good credit. Look for auto loan rates in Long Island, NY, or in your area of New York today.
Auto loan rates in Long Island, New York
Here are the auto loan rates in Long Island, NY, as of 11:30 a.m. The 60-month new car loan rates vary from 2.49 percent to 11.03 percent.
|Pentagon Federal Credit Union||60-month new car||2.49%|
|Bank of America, N.A.||60-month new car||2.89%|
|Wells Fargo Bank||60-month new car||11.03%|
|HSBC Bank USA, N.A.||60-month new car||9.69%|
|Chase Bank||60-month new car||3.59%|
Use our auto loan calculator to check your monthly car payment.