Auto Loan Rates (new & used)
| Daily Periodic Rate | Approximate Term | APR* as low as |
|---|---|---|
| 0.00614% | 1-42 months | 2.24%* |
| 0.00682% | 43-54 months | 2.49%* |
| 0.00750% | 55-66 months | 2.74%* |
| 0.00819% ($18,000 minimum) | 67-78 months | 2.99%* |
In this way, what is a good interest rate on a car loan?
The average auto loan interest rate is 4.09% for new cars and 8.66% for used cars, according to Experian’s State of the Automotive Finance Market report for the second quarter of 2021. With a credit score above 780, you’ll have the best shot to get a rate below 3% for new cars.
Beside above, what is TD auto loan rate? Loan terms between 60 – 78 months: 3.99% – 7.24% Loan terms of 84 months: 3.99% – 7.99% Loan terms of 96 months: 5.23% – 8.48%
Moreover, 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
What is the highest APR for a car loan in Florida?
In Florida, the maximum interest rate that can be charged is 18% for loans that are up to $500,000 and 25% on loans that are greater than that amount.
What is Wells Fargo auto loan rates?
Instead, the company works through a network of about 11,000 local dealers to provide financing to drivers purchasing a new or used vehicle.
| Credit Score | Average New Car APR | Average Used Car APR |
|---|---|---|
| 661 to 780 | 3.48% | 5.49% |
| 601 to 660 | 6.61% | 10.49% |
| 501 to 600 | 11.03% | 17.11% |
Which bank has best car loan rates?
Compare the Best Auto Loan Rates
| Lender | Lowest Rate | Terms |
|---|---|---|
| PenFed Credit Union Best Overall | 0.99% | 36 to 84 months |
| LightStream Best Online Auto Loan | 2.49% | 24 to 84 months |
| Bank of America Best Bank for Auto Loans | 2.14% | 12 to 75 months |
| Consumers Credit Union Best Credit Union for Auto Loans | 2.24% | 0 to 84 months |