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The interest rate for a new car can be as low as 0% and rates typically start at % for used vehicles. For those individuals with bad or no credit looking for. Auto loan interest is the extra cost in addition to your loan principal loan principal, interest rate or annual percentage rate, and loan term. *Annual Percentage Rate (APR) is based on an interest rate of % for qualified borrowers and on Model Years and newer. Loan APR is based on a loan. What is a good interest rate for a car loan? For new cars, a rate of 3% to % is considered good, but average used car loan interest rates are usually. Find auto loan rates here! Various terms available. We're a trusted local lender!
One of the main factors lenders consider when you apply for a loan is your credit score. A higher score can help you secure a better interest rate—which means. Average Auto Loan Rates in July ; Average Auto Loan Rates for Excellent Credit · or higher, %, %, % ; Average Auto Loan Rates for Good Credit.