New Car Interest Rates
New Car Interest Rates. What’s the best credit score for a low-interest loan? 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.
Average Auto Loan Interest Rates: 2019 Facts & Figures. One leading bank offers customers with good credit interest rates as low as 3.74% for purchasing a new 2018 model, but the minimum interest rate for the same loan on a 2007 model rises to 4.24%. The typical auto loan drawn for a used car is substantially less than for a new model, with consumers borrowing an average of $19,329 for used cars and $30,621 for new.New Car Interest Rates Buying A Car. The Best Auto Loans: 2019 New & Used Car Loan Rates Wednesday, July 31, 2019 Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. Car Loan Interest Rates 2019. What is the average interest rate for a car loan? The average interest rate on a new car loan is 6.47%. Source: The Federal Reserve Historical Data. However, that doesn’t mean everyone gets that rate. Rates vary depending on your credit score and whether you’re buying a new car or used car — or refinancing.
A Tale Of Two Car Manufacturers
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