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North Carolina Banks, Credit Unions Offer Lower Rates for Electric Vehicle Loans

31 Jul 2022 | Abstracted from Winston-Salem Journal

"...several banks and credit unions serving the [North Carolina] Triad are plugging in EV loan pitches with interest rates as low as 1.99%.

"Bank of America Corp. is offering car loan rates of 4.24% APR for a new EV, 4.44% for a used EV...and 5.19% for refinancing.

"Truist Financial Corp. recently launched...email campaign...with the tagline, EV financing that's always up to speed at 3.38% APR for those "with excellent credit."



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