what’s a good interest rate for a car loan

Best answer


3 percent to almost 14 percent

People also ask


  • What is the average interest rate on a new car loan?

  • For example, the Experian credit bureau recently reported that the most creditworthy borrowers (with credit scores of 720 and above) paid an average interest rate of 3.65% on a new car loan, while the least creditworthy (with scores of 579 or below) paid an average interest rate of 14.39%. 1

  • What credit score is needed to get the lowest auto loan rates?

  • Credit scores of 719 (for a new car) or 655 (for a used car) or higher will help you qualify for the lowest auto loan interest rates.

  • What is a good interest rate for a 72 month car loan?

  • What is a good interest rate for a car loan for 72 months? Based on our research, an APR of 3.69% is the average for a 72-month car loan. To access the best auto loan rates, you鈥檒l usually need to agree to a 36-month car loan.

  • What constitutes a 鈥済ood鈥?interest rate on a car loan?

  • What constitutes a 鈥済ood鈥?interest rate on a car loan will differ per borrower. The interest rates on auto loans depend on a variety of factors. Some of these, like the benchmark interest rates set by the Federal Reserve, are beyond your control. Other variables, however, are very much in your control. The most important one is your credit score.

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