People’s Choice is a major credit union and may suit borrowers who prefer reputable lenders with history. It may also suit people who want different loan options.
But to qualify for a lower car loan interest rate, customers at People’s Choice must take out a secured car loan of $20,000 or more. If you intend to borrow less than $20,000, you may be able to find a car loan with a lower rate with another lender.
The interest rate you can get at this member-owned credit union may depend on various factors, including whether you go for a secured or unsecured car loan, the age of the vehicle being used as security and its value.
But as People’s Choice is a big credit union, its car loan interest rates may not be the lowest on the market.
To find the best car loan for you, it’s worthwhile to compare interest rates, fees and features from several different lenders before committing to a loan.