3.74% APR
| Loan term | Average interest rate |
|---|---|
| 36-month new car loan | 3.67% APR |
| 48-month new car loan | 3.74% APR |
Also question is, can a car dealer change my interest rate?
Occasionally, some dealers receive financing from local banks or credit unions. Your lender determines your interest rate, not the dealership or salesperson. That means your dealer can’t change your interest rate.
Just so, how old of a car can I finance for 72 months? Typically, a bank won’t finance any vehicle older than 10 years, even if you have good credit.
Additionally, what is a bad APR rate for a car?
The Average Interest Rates for Car Loans with Bad Credit
| Credit Tier (Credit Score) | Average New Car Loan Interest Rate | Average Used Car Loan Interest Rate |
|---|---|---|
| Prime (661-780) | 3.48% | 5.49% |
| Nonprime (601-660) | 6.61% | 10.49% |
| Subprime (501-600) | 11.03% | 17.11% |
| Deep subprime (300-500) | 14.59% | 20.58% |
What is a realistic interest rate on an automobile loan is?
While interest rates do vary from lender to lender, the average car loan interest rate currently can be anywhere from as low as 0% to as high as 5%. Keep in mind that this is just an average range.
What is the average interest rate on a car loan with a 700 credit score?
People with good credit scores of 700–749 average an interest rate of 5.07% for a new car and 5.32% for a used car.
What is the average interest rate on a car loan with a 750 credit score?
about 3.48 percent