bank rates

Bank of America 4.40% New Car Loans

Think Mutual Bank raised it’s best-in-the-nation auto loan rates — a 60-month new car loan now costs 4.29%, up from 4.09% last week.

Although you’ll still have a hard time beating that, the increase makes the surprisingly good auto loan rates at Bank of America a more attractive alternative.

In most states — California, Florida, Illinois, Texas and Washington, for example — it’s advertising loans from $7,500 to $100,000, for up to 60 months, for 4.40%

Rates are a little lower in the Northeast, and a little higher in a few states like Maryland, Virginia and West Virginia.

But all of those offers are way below the national average of 7% for such loans.

Click here to the rate being offered in your state and apply online for a Bank of America auto loan.

This auto loan calculator that will figure out the monthly payment for any deal.

soul-hamsters-2Speaking of cars, we’re pretty taken with the new Kia Soul — the little car with the tune-loving, commuting rodents in its commercials. Find out why over on Bankaholic’s Personal Finance Blog, where our auto critic says “Kia Soul pegs the cool meter”. You can always reach that blog by clicking on the “finance” tab above.

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