US Bank is offering consumers a .50% discount on their auto loan rate to purchase a green vehicle, as defined by the EPA.
When you identify a cleaner, more fuel efficient vehicle through the EPA Green Vehicle Guide, and choose to finance or refinance that new or used U.S. EPA Certified SmartWay® vehicle with U.S. Bank, you can get .50% off the interest rate on your U.S. Bank direct auto loan.
Some lenders offer green vehicle programs only on new or nearly new vehicles, hybrids or high gas mileage vehicles. At U.S. Bank, eligible vehicles include all EPA Certified SmartWay® autos and light trucks from the current model year through the six previous model years.
US Banks auto loan rates looks competitive. Right now, they are offering a 3.99% APY on a 3 year car loan of $20,000. I checked the best auto loan rates on the BestCashCow rate tables and this is competitive. The .50% discount would make it even more so.
U.S. Bancorp (NYSE: USB), with $265 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,851 banking offices in states throughout the mid-West.