bank rates

Think Mutual Bank 3.99% New Car Loans


If you’re in the market for a new car or truck, you’ll be hard-pressed to find a better financing deal than this.

Think Mutual Bank is offering 3.99% on 48-month auto loans and 4.09% on 60-month auto loans.

That’s way below the average cost of 48- and 60-month new car loans, which is right at 7%. In fact, you usually can’t find a loan this cheap without qualifying for a discounted interest rate from an automaker.

With Think Mutual’s interest rates your monthly payments would be $185 for every $10,000 you borrowed over 60 months, and $225 for every $10,000 borrowed with a 48-month loan.

(Here’s an auto loan calculator that figures out the monthly payment on any deal.)

The Rochester, Minn., bank accepts on-line applications from anywhere in the country. But hurry, one of the loan officers says Think is going to raise its rates a little next week.

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  1. Tom said:
    on June 4th at 05:28 pm

    Unless you have almost $0.00 credit card debt, and even if you have Good credit they will require 20% down payment + tax-title-license fess paid out-of-pocket upfront + they will not consider dealer incentives/cashback/customer loyalty $$$ as part of 20% down!!!. So, it might not be worth the time and the hard-hit on your credit report to pursue this offer. Although they have EXCELLENT customer service.