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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 ...
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 ...
Avg. Rate for a New Car Loan. 781 to 850. 5.25%. 661 to 780. 6.87%. 601 to 660. 9.83%. 501 to 600. ... Over the course of a 60-month loan, the person with good credit will pay around $5,600 in ...
Factors that determine car loan interest rates. ... 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 ...
Average car loan interest rates impact the auto loan you qualify for, and understanding auto loan interest and your credit score can help you make a smart buy.
What Is a Good Auto Loan Rate? The definition of a good auto loan rate depends on various factors, the main one being your credit score. Experian reports that consumers with a FICO credit score of ...
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