interest rates Archives

Affinity Federal Credit Union is growing originations with auto refinance in 2026 as consumers look for ways to lower monthly payments. The Basking Ridge, N.J.-based credit union is ...

Credit unions say inflation is top concern amid portfolio growth

byAmanda Harris

June 3, 2026

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Despite concerns about inflation and a dip in market share, many credit unions expect their auto portfolios to grow in ...

Navy Federal extends used-car financing to 84 months

byAmanda Harris

June 3, 2026

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Navy Federal Credit Union has extended used-vehicle financing terms to 84 months and lowered auto loan interest rates in the past week as the overall cost of ...

Customers view used Ford vehicles at a dealership in Colma, California, US, on Friday, June 21, 2024. CDK Global, a software provider to some 15,000 car dealers, was waylaid by debilitating cyberattacks this week that have had a crippling effect on the auto sales industry. Photographer: David Paul Morris/Bloomberg

PenFed auto originations jump 88%

byAmanda Harris

May 1, 2026

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PenFed Credit Union’s auto originations rose through the first quarter as the financier improved its capital and liquidity position. The lender’s auto loan ...

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.

Navy Federal lowers auto loan rates amid rising costs of ownership

byAmanda Harris

April 21, 2026

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Navy Federal Credit Union lowered auto interest rates as consumers grapple with a total higher cost of vehicle ownership due ...

Customers shop for used vehicles at a dealership in Louisville, Kentucky.

Lower rates boost vehicle affordability but subprime defaults climb

byAmanda Harris

March 26, 2026

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Auto lenders are offering competitive interest rates and shifting their lending strategies to help customers even as vehicle affordability improves. Affordability is top of mind for auto lenders ...