In Oregon, Cheap to Finance and Drive

For Oregon drivers, the news is good. Thanks to low credit union loan rates, insurance costs, and no sales tax, Oregon is the least expensive state in which to own a vehicle according to two bank monitoring sites releasing studies this week.

GoBankingRates.com ranked Oregon among three of the least expensive states for auto loan rates. The website showcased in particular the 0.99% APR base rate Coquille, Oregon’s First Community Credit Union is offering for 36 months. Washington offers the 9th least expensive auto loan rates.

More good news surfaced on Bankrate.com, which reported Oregon is the cheapest place in the country to own and operate a vehicle.

Washington ranks the 18th most expensive state for drivers.

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Questions? Contact Lynn Heider: 503.350.2225, lheider@nwcua.org.

Posted in Economy.