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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 ...
In 2021, the average car loan rate was 4.09%, while the latest data from 2023 came in at 7.03%, according to consumer credit reporting agency Experian. ... When buying a car, one rule of thumb is ...
Shopping around is the best way to compare your options. Here’s what to know.
The average car loan term is 68.48 months for a new car and 67.41 months for a used car, or close to six years, ... with good credit are typically eligible for lower interest rates on auto loans.
What to look for: PNC auto loan rates start at 6.79% for a 60-month Check Ready loan of $15,000 to $75,000, for the purchase of a 2023 to 2025 model. That rate includes a 0.25% discount for ...
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.
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related to: 7 year car loan ratesconsumerhorse.com has been visited by 100K+ users in the past month