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Credit score. Average interest rate for new car loans. Average interest rate for used car loans. 781 to 850. 5.61%. 7.43%. 661 to 780. 6.88%. 9.33%. 601 to 660
If you have strong credit, you may be able to find auto loan offers with interest rates as low as 4.29 percent. On the flip side, if you have a low credit score, you may face interest rates as ...
500 credit score. 700 credit score. Interest rate. 17.63 percent. 8.59 percent. Monthly Payment. $630. $514. Total interest paid. $12,789. $5,844
As you can see, on a $25,000 car loan through the manufacturer for four years, your monthly payment would be about $520. A $25,000 car loan financed over five years at a 4 percent interest rate ...
However, if your goal is to get a lower interest rate, it helps to have a higher credit score when you refinance than when you took out your original car loan. You can request a free copy of your ...
While car prices and interest rates are on a downward slope, auto loan payments are still relatively high, according to a recent Experian study of its consumer credit database. Though the value of...
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