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Home » Navy Federal lowers auto loan rates amid rising costs of ownership 

Navy Federal lowers auto loan rates amid rising costs of ownership 

Cost of Car Ownership Index up 5.5% YoY, 47.6% since 2020 

Amanda HarrisbyAmanda Harris
April 21, 2026
in Risk Management
Reading Time: 5 mins read
0
Rental cars are stored in a parking lot at Dodger Stadium in this aerial photograph taken over Los Angeles, California, U.S., on Wednesday, May 27, 2020. Hertz Global Holdings Inc. will sell as many of its rental cars as possible while in bankruptcy to bring its huge fleet in line with reduced future demand in a post-pandemic economy,the company's lead bankruptcy lawyer said during a court hearing Wednesday.

Photographer: Bloomberg/Bloomberg

Navy Federal Credit Union lowered auto interest rates as consumers grapple with a total higher cost of vehicle ownership due to maintenance, insurance, fuel and registration costs.  The credit union is offering rates as low as 3.89% APR for new cars and 4.79% APR for used vehicles, Kevin Wince, vice president of consumer lending operations, told Auto Finance News. He did […]

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