What Is A Good Interest Rate On A Car

You ve learned what is the average interest rate for a car loan and what is a good car loan rate so.

What is a good interest rate on a car. According to middletown honda depending on your credit score good car loan interest rates can range anywhere from 3 percent to almost 14 percent. The average price for an individual with a good credit score is 3 6. Find your next car with scott evans nissan. Don t focus on monthly payments at the expense of the rest of the deal.

Generally speaking the average interest rate for a us car loan is 4 21. Such a car loan interest rate is fairly standard. The average apr for a borrower with good credit a score between 661. One of the lowest rates you can get on a second hand car hovers around 4 9.

A good interest rate for your car loan depends on your credit score as well as where you re trying to acquire the loan. Further down the line the picture is a bit different if you want to buy a used vehicle. However an individual s interest rate will differ according to their credit scoring the general length of the car loan and also the age of the vehicle that you are financing. Think of the big picture.

The interest rate on your auto loan will depend largely on your credit score and whether you re buying a new or used vehicle. Expect to receive an interest rate of 6 5 15 9 if you have a terrible score. This is based on a 60 month car loan.