Can you negotiate auto loan rates.
Current 6 year auto loan rates.
Average auto loan rates for deep subprime credit.
The exact rate you pay will vary by your location and credit score.
The national average for us auto loan interest rates is 5 27 on 60 month loans.
Loan payment and apr will vary based on the loan amount the term and any fees.
Current market rates also affect your auto loan rate.
A 5 year fixed rate used car loan for 25 000 would have 60 monthly payments of 450 each at an annual percentage rate apr of 2 99.
See rates for new and used car loans and find auto loan refinance rates from lenders.
Typically credit unions offer customers lower rates than other lenders.
For individual consumers however rates vary based on credit score term length of the loan age of the car being financed and other factors relevant to a lender s risk in offering a loan.
Simply enter your total amount.
This tool will provide you with the monthly payments required for auto loans lasting 1 year 2 3 4 5 6 7 8 9 10 years.
Just like the price of a car auto loan rates often can be negotiated.
According to market data the current rate for a 60 month new car loan is 4 93 4 87 for 48 months and 5 57 for a 36 month used car loan.
A 5 year fixed rate new car loan for 37 000 would have 60 monthly payments of 660 each at annual percentage rate apr of 2 69.
Compare auto loan rates.
Interest costs hit 2 680 for borrowers with good credit an an interest rate of 6 27.
A 30 000 automobile loan at a 36 month term monthly payments would be 867 03 and apr of 2 59.
With top tier credit and an average interest rate of 4 90 would pay just 2 072 in interest over the life of a five year loan.
What are current auto loan rates.
Credit scores of 719 for a new car or 655 for a used car or higher will help you qualify for the lowest auto loan interest rates.
At 11 65 the rate for buyers.