Does anyone know or can recommend any banks with the lowest interest rate right now they might know of or dealt with? Thank you!

 

Best rates are directly through manufacturers' financing companies themselves.

Most cars are being sold with 0% APR for 60 months.

I know that Toyota is doing 1.9% APR for most of their models. Lexus is doing 1.9% for the IS/GS/ES/RX. Sometimes, Lexus also does 1.9% financing for CPO models, but not at this time.

 

anytime you can get a rebate over 0 percent take the rebate and find a good interest rate.my cu is 2.59 right now.

 

Compare the automakers' finance rates and your local credit unions. Banks generally have higher rates.

 

I have a deposit at a dealer out of state on a 'new' '10 IS350 with 95 miles and I can't get the 1.9%.
It's new but not in Lexus promotional program because it's a '10 and it's not eligible for the 1.9% CPO because it's new even if it's available.
It's 2.9% and I don't know if the loan will be from Lexus/Finance yet.
Still talking with them.PITA going out of state but the price is right.

 

Agree with PhilipMSPT, there's a lot of good rates right now from the manufacturer financing companies themselves. Just remember you gotta have excellent credit to qualify for them. I've seen 0%-2.9% financing at most dealers recently. Even Certified Pre-Owned cars have great interest rates (got my CPO @ 0.9%! straight from Lexus Financial)

 

NavyFCU
1.99 up to 60 months

https://www.navyfederal.org/products...auto-rates.php