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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 ...
Who it’s best for: Shoppers who need a little time to find just the right car. What to look for: Exact rates and terms aren’t listed online, so you’ll need to visit a dealer for specific ...
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% ...
Discover the best place to get a car loan by reviewing the pros and cons of lenders, like dealerships, banks, credit unions, and online companies.
The borrower then pays off the financial institution the same as for a direct loan. [citation needed] Typically, the indirect auto lender will set an interest rate, known as the "buy rate". The auto dealer then adds a markup to that rate, and presents the result to the customer as the "contract rate".
Shopping around is the best way to compare your options. Here’s what to know.
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