At Waterfront, we’re committed to helping our members save money and achieve their financial goals. That’s why we’ve recently lowered our auto loan rates by 0.75% APR. But what does that really mean for you? Let’s break it down.
How Lower Rates Save You Money When you borrow money for a car, the interest rate determines how much extra you’ll pay over the life of the loan. A lower rate means you’ll pay less in interest—and that adds up to big savings.
For example:
Why Now Is the Time to Lock in Your Rate Interest rates have been unpredictable in the years since COVID-19, fluctuating due to economic changes. Recently, rates across the country have been higher than we've seen in years. When you see a competitive rate, it’s a smart move to lock it in.
By securing a lower rate now, you’ll:
The Credit Union Difference: Putting Members First Credit unions like Waterfront are different from banks. We’re not-for-profit and member-owned, which means our profits go back to you. One way we do this is by offering lower loan rates and fewer fees than many banks.
When you choose an auto loan with Waterfront:
Ready to Save? Let’s Get Started! Lower rates don’t come around every day, so take advantage of this opportunity while it lasts. Whether you’re buying your first car, upgrading to a new ride, or refinancing an existing loan, your credit union is here to help.
Apply Today Explore our competitive auto loan rates and start your application online today. Visit our Auto Loans page to learn more or contact us to speak with a loan expert. Let’s get you behind the wheel with a loan that works for you!
*APR = Annual Percentage Rate. Rates effective as of 1/1/2025 and subject to change at any time without notice. U.S. average auto loan rate information courtesy of NerdWallet as of December 2024. Savings example is for illustration and educational purposes only and is not a guarantee. Your individual rate will depend on creditworthiness and other qualifying factors. Contact credit union for details.