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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 ...
Factors that determine car loan interest rates. ... According to Experian data, the average rate for someone with excellent credit buying a new car was 5.61 percent in 2023. People with bad credit ...
What Is a Good Auto Loan Rate? The definition of a good auto loan rate depends on various factors, the main one being your credit score. Experian reports that consumers with a FICO credit score of ...
In 2021, the average car loan rate was 4.09%, while the latest data from 2023 came in at 7.03%, according to consumer credit reporting agency Experian. ... is it a good idea to wait to get a new ...
Shopping around is the best way to compare your options. Here’s what to know.
New car buyers are in for more than the usual sticker shock this year as a confluence of events ranging from ongoing supply-chain disruptions to rising interest rates have pushed monthly auto ...
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