How to Save Money on Your Auto Loan

Jun 25, 2016 11:11:14 AM

Many of us shop around for the lowest-priced car, gas, and even car wash, but maybe you should be looking at your current auto loan rate for real savings.

Reducing your interest rate will help you save money, regardless of when you borrowed, or will borrow, an auto loan.  Additionally, if your credit score has increased in the past few months- you may be eligible for a lower interest rate than what you currently have.

When you borrow with a lower interest rate you could save money over the lifetime of the loan and reduce your monthly payments. Check out this comparison:

$20,000 Auto Loan for 48 Months

Interest Rate

as low as 1.99% APR* 6% APR*

Monthly Payment

$434 $470

Total Interest Paid

$823 $2,546

Are you ready to start saving?

Refinance your existing auto loan to an HUECU auto loan today.

Click Here to Get Started

*Annual Percentage Rate. Rates advertised are the lowest rates available and include Reduced Relationship Rate criteria. Requires automatic payment from an HUECU Crimson Checking account. Your rate may vary from the rate shown. HUECU will not refinance our own automobile, boat, or motorcycle loans. Current rates are subject to change at any time. Subject to Credit Approval. 1.99% rate is for a Green Auto Loan, the vehicle must have a MPG of over 30 MPG highway (not city) using the EPA’s new rating system. 

Tags: Auto Loans, Savings