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.