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According to the Experian State of the Automotive Finance Market Report: Q2 2022, the following are the average used car loan interest rates by credit score: 781 to 850: 3.71% 661 to 780: 5.58%
That would save you about $3,000 over the original loan with the new lower interest rates. How To Refinance Your Auto Loan. ... Ally, for example, says its refinancing customers save $129 on an ...
The cost of keeping your vehicle on the road each month is a challenge for many. Monthly payments on cars have soared — an average monthly payment of $533 for used vehicles and $726 if you buy ...
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Fed rate cuts could make auto loans a better deal. If your current auto loan is high-interest, see if you can save money by refinancing your car.
You can still refinance an auto loan with bad credit, but getting a good rate can be difficult. Borrowers with low credit scores generally pay much higher interest rates.
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