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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 ...
For example, if you have very good credit (between 680 and 739) and are financing a new Ford car in Indiana with a $35,000 loan, your APR could be as low as 8.29% with a 72-month term.
FICO Credit Score Ranges . Excellent/Exceptional. 800-850. Very good. 740-799. Good. 670-739. Fair. 580-669. Very poor. 300-579
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What to look for: NIH Federal Credit Union offers standard beginning APRs of 2.24% for new and used auto loans with terms of up to 36 months, 2.74% for auto loans from 37 to 48 months and 2.99% ...
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 paid significantly more — with an average ...
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