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Use an auto loan calculator. ... Factors that determine car loan interest rates. ... the average rate for someone with excellent credit buying a new car was 5.61 percent in 2023. People with bad ...
A good auto loan rate is generally any rate below the average for your credit profile. For drivers with excellent credit, the average rates are 5.07 percent for new cars and 7.09 percent for used ...
Using Edmunds.com’s APR Car Loan Rates from August 2024, the auto loan rates were found for SUVs, trucks, electric cars and sedans, as well as state averages. All data was collected on and is up ...
Beware of car dealers who try to distract you with a low monthly car payment that will run for five or even six years — which might be longer than you own the car. Allocate a maximum of 10% of ...
Average auto loan rate: 8.47%. Average auto loan total cost: $47,615. Average auto loan monthly cost: $779. State Average for All New Cars. Average auto loan rate: 7.55%. Average auto loan total ...
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 ...