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Short auto loan term lengths are better if you can afford ... 72 months. $672. $8,413. 84 months. ... be sure to compare auto loan rates before signing on the dotted line to get the best possible ...
However, the percentage of new car loans in the 61- to 72-month range rose from 38.45% to 40.78%, an increase of 6.05%. ... and the higher the loan's interest rate, the more you'll end up paying.
For first-time car buyers, one of the most daunting parts of negotiating a good deal right now is interest rates.The average auto loan rate for someone with excellent credit is 5.25%, according to ...
Fed rate cuts = cheaper auto loan rates. This September and November, the Federal Reserve announced rate cuts totaling 0.75%. ... It features a 0% intro APR for 15 months, a cash back rate of up ...
Shopping around is the best way to compare your options. Here’s what to know.
Average APR for a used sedan: 13.72%. State average APR for a used vehicle: 12.59%. Ultima_Gaina / Getty Images. Wisconsin. ... the auto loan rates were found for SUVs, trucks, electric cars and ...
Average car loan interest rates impact the auto loan you qualify for, and understanding auto loan interest and your credit score can help you make a smart buy.
The good news is that with lower interest rates, auto loan holders with good credit have the opportunity to refinance their loans to bring down these payment amounts. For example, the study ...