Indirect: These are not a direct credit facility however, they can be rather convenient. Most times they are the dealerships themselves. You may also find that their rates are higher than that at other options.
Direct: These are direct credit facilities and include banks, credit unions and online dealers. Banks may not be as convenient as online dealers, seeing that you would actually have to walk into the building and sign the necessary documents but, their rates are pretty standard and they offer low pressure. However online dealers make it more convenient for you to get a loan whenever you want.
When looking to buy a car in Houston and you are looking for the best auto rates, these are some of the top facilities you should look at in order to get the best rates around.
PenFed Credit Union: With a rate as low as 2.449%, PenFed Credit Union helps you save up to 2unlike the normal 4% annual percentage rate which is the average in Houston for a ,000 loan over a period of 36 months.
Anheuser-Busch Employees Credit Union: This Credit Union offers you a low rate of 2.69%. Now when compared with the annual percentage rate of 4%, Anheuser-Busch allows you to save up to 3 on a ,000 loan over a duration of 36 months
Bank of America National Association: The Bank of America National Association, helps you to save 6 on a ,000 loan over a 36 month period of time. This means that you are getting an interest rate of 3.59% as opposed to the annual percentage rate of 4%.
There are more facilities which over lower auto loan rates in Houston but these are just the top 3.
If you are searching for financing a car, then you can take idea from this article - https://www.bankofamerica.com/auto-loans/financing-car/