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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 ...
Auto loan interest is the cost of borrowing money to purchase a car. The lender will look at your credit score, debt-to-income ratio and other factors to determine what interest rate it offers.
For example, with a loan of $15,000, an APR of 5.00% and a term of 5 years, or 60 months, the total interest would be $15,000 x 0.05 x 5, which equals $3,750.
The website's focus was transitioned to a Yelp-like model, to help users compare and review financial services. [1] In April 2017, SuperMoney launched its personal loan offer engine / marketplace which helped consumers submit a loan application and get back pre-approved loan offers from integrated lending partners. [2]
See how the average used car loan rates in your state compare. Check Out: These 10 Used Cars Will Last Longer Than an Average New Vehicle. See Next: 9 Easy Ways To Grow Your Wealth in 2024.
MONY Group plc, trading as Money Supermarket, is a British company which specialises in technology-led money-saving platforms including several price comparison websites. The company enables consumers to compare prices on a range of products, including energy, car insurance, home insurance, travel insurance, mortgages, credit cards and loans.
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