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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 ...
If you're buying a car, learn how to get the best car loan, review where you can get an auto loan, and discover what a good interest rate looks like in 2022.
Interest rates on auto loans drop to as low as 3.44% APR on cars purchased through PenFed’s car buying service. Pros: Loan amounts up to $150,000.
Bank of America’s car loan rates start at 6.29% (new cars) or 6.49% (used cars). Repayment terms range from 48 to 72 months. The minimum loan amount depends on your state but is typically $7,500.
U.S. Bank is another reliable lender with some of the best car loan rates. Apply for preapproval to use at participating dealerships and unlock an APR as low as 4.74 percent for up to sixty months ...
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. During that period, the average monthly ...
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