The latest study from GoBankingRates.com guides Fort Worth car shoppers looking to finance a new car by the end of 2013.
"The holiday season is the best time to buy a new vehicle since carmakers are feeling the rush to clear out recent models. If you're thinking about making a car purchase in the next several months, do so before the end of the year to get the largest discount," said Amanda Garcia, finance reporter with GoBankingRates.com. "The last two weeks of December produce the best bargains of the year."
To equip shoppers with the tools needed to finance a new car at an affordable price, GoBankingRates.com identified the lowest auto loan rates available in Fort Worth. The study also includes a comparison of average rates in Fort Worth against average rates in Texas and the country as a whole.
The study revealed that Fort Worth residents get a lower auto loan rate on 48-month terms than the state average. However, 36- and 60-month Fort Worth auto loans were actually higher than the average U.S. and Texas rates.
Average Auto Loan Rates
| Auto Loan Term | Fort Worth | Texas | United States |
| 36 Months | 4.16% APR | 3.73% APR | 3.17% APR |
| 48 Months | 4.23% APR | 4.44% APR | 3.98% APR |
| 60 Months | 5.14% APR | 4.27% APR | 4.07% APR |
10 Lowest Auto Loan Rates in Fort Worth
- Tarrant County Credit Union, 36-Month Auto Loan: 1.99% APR
- Fort Worth Community Credit Union, 60-Month Auto Loan: 2.30% APR
- Bank of America, 60-Month Auto Loan: 2.39% APR
- Bank of America Military, 60-Month Auto Loan: 2.39% APR
- EECU, 48-Month Auto Loan: 2.60% APR
- Citizens National Bank, 60-Month Auto Loan: 2.90% APR
- Chase, 48-Month Auto Loan: 2.98% APR
- Woodforest National Bank, 36-Month Auto Loan: 2.99% APR
- Wells Fargo, 48-Month Auto Loan: 3.24% APR
- Prosperity Bank, 36-Month Auto Loan: 3.49% APR
For more information on auto loans, go to http://bit.ly/1gfr08m.
For questions about this study or to speak with Amanda Garcia, please use the contact information below.
About This Study
Data referenced in this study was compiled from the GoBankingRates.com interest rate database, which is powered by Informa Research Services, Inc. This study surveyed auto loan rates from banks and credit unions located in Fort Worth, as well as Denton and Tarrant Counties, Texas, as of Nov. 1, 2013. None of the institutions highlighted in this report paid to be included.
