Best answer

3.91%The average new car's interest rate in 2020 was 4.31% and 8.43% for used, according to Experian....Loans under 60 months have lower interest rates.Loan termAverage interest rate60-month car loan3.91% APR72-month car loan4.06% APR2 more rows

Answered by: eol Date created: May 25, 2022

What kind of interest rate can I get with a 690 credit score?

Asked By: Aniruddha Das Date created: May 15, 2022

Many auto lenders use "tiers" of credit scores in order to qualify customers for car loans. According to FICO, a top-tier score is 720 or above, and consumers in this category can expect to pay about 3.3% on a 60-month new auto loan. And, the next tier of scores from 690-719 has a slightly higher average of 4.7%.

Answered By: Kapcash Date created: May 16, 2022

Is 6 a good interest rate for a car loan?

Asked By: lfaraone Date created: May 16, 2022

An auto loan's interest rate will depend largely on your credit score. Those with a credit score between 781 and 850 saw an average new car interest rate of 2.65% in 2020....Average used car loan interest rate.Credit score rangeAverage interest rate501 to 60016.56%601 to 66010.13%661 and 7805.59%780 to 8503.8%1 more row•Apr 23, 2021

Answered By: Tom Date created: May 19, 2022

What is a good APR rate for a car?

Asked By: Dan Tao Date created: May 11, 2022

What is a good APR for a car loan with my credit score and desired vehicle.

If you have excellent credit (750 or higher), the average auto loan rates are 5.07% for a new car and 5.32% for a used car.

If you have good credit (700-749), the average auto loan rates are 6.02% for a new car and 6.27% for a used car..

Answered By: Jim Jones Date created: May 13, 2022

What is a good interest rate for a 72 month car loan?

Asked By: chovy Date created: May 19, 2022

4.06%The average 72-month auto loan rate is almost 0.3% higher than the typical 36-month loan's interest rate....Loans under 60 months have lower interest rates.Loan termAverage interest rate36-month car loan3.77% APR48-month car loan3.83% APR60-month car loan3.91% APR72-month car loan4.06% APR

Answered By: robert Date created: May 20, 2022

What is a good interest rate for a car for 72 months?

Asked By: UjinT34 Date created: May 23, 2022

The average 72-month auto loan rate is almost 0.3% higher than the typical 36-month loan's interest rate....Loans under 60 months have lower interest rates.Loan termAverage interest rate48-month car loan3.83% APR60-month car loan3.91% APR72-month car loan4.06% APR1 more row•3 days ago

Answered By: sbgib Date created: May 26, 2022

What is a good interest rate for a car?

Asked By: Thorbjørn Ravn Andersen Date created: May 20, 2022

According to Middletown Honda, depending on your credit score, good car loan interest rates can range anywhere from 3 percent to almost 14 percent. However, most three-year car loans for someone with an average to above-average credit score come with a roughly 3 percent to 4.5 percent interest rate.

Answered By: Shailendra Madda Date created: May 20, 2022

What is a good interest rate on a 72 month car loan?

Asked By: Ted Date created: May 18, 2022

4.45%Most banks and credit unions provide payment plans ranging from 24 to 72 months, with shorter term loans generally carrying lower interest rates....Average Interest Rates by Term Length.Auto Loan TermAverage Interest Rate48 Month4.31%60 Month4.37%72 Month4.45%1 more row•May 12, 2021

Answered By: Petter Friberg Date created: May 19, 2022

What is a good rate for financing a car?

Asked By: H6. Date created: May 25, 2022

5.27%The national average for US auto loan interest rates is 5.27% on 60 month loans. 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.

Answered By: dfeuer Date created: May 26, 2022

What interest rate can I get on a car loan with a 700 credit score?

Asked By: DenisKolodin Date created: May 13, 2022

If your credit score is 700 or higher, you're considered to have good-to-excellent credit. When you apply for a new car loan, you should expect to be quoted an interest rate of around 3 – 4%. Some manufacturers offer as low as 0% financing on new vehicles for customers with good credit.

Answered By: Kip Date created: May 15, 2022

What car interest rate can I get with a 700 credit score?

Asked By: jezrael Date created: May 26, 2022

5.07%People with good credit scores of 700–749 average an interest rate of 5.07% for a new car and 5.32% for a used car.

Answered By: thdoan Date created: May 29, 2022

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Get current auto loan rates and choose a loan that's right for you

Dates60-month new car36-month used car
7/24/20194.72%5.21%
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