Current 6 Year Auto Loan Rates

At 11 65 the rate for buyers.

Current 6 year auto loan rates.

This tool will provide you with the monthly payments required for auto loans lasting 1 year 2 3 4 5 6 7 8 9 10 years. Current market rates also affect your auto loan rate. Even if your credit score is lower you may still qualify for. Simply enter your total amount.

A 30 000 automobile loan at a 36 month term monthly payments would be 867 03 and apr of 2 59. For individual consumers however rates vary based on credit score term length of the loan age of the car being financed and other factors relevant to a lender s risk in offering a loan. Compare auto loan rates. The exact rate you pay will vary by your location and credit score.

The national average for us auto loan interest rates is 5 27 on 60 month loans. Typically credit unions offer customers lower rates than other lenders. Average auto loan rates for deep subprime credit. With top tier credit and an average interest rate of 4 90 would pay just 2 072 in interest over the life of a five year loan.

Interest costs hit 2 680 for borrowers with good credit an an interest rate of 6 27. 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. The market constantly fluctuates but a rate less than 5 generally is considered good. Loan payment and apr will vary based on the loan amount the term and any fees.

See rates for new and used car loans and find auto loan refinance rates from lenders. According to market data the current rate for a 60 month new car loan is 4 93 4 87 for 48 months and 5 57 for a 36 month used car loan. A prepayment penalty of 1 of the original loan amount applies if the account is closed within 1 year with a 50 minimum and 100 maximum. A 5 year fixed rate used car loan for 25 000 would have 60 monthly payments of 450 each at an annual percentage rate apr of 2 99.

Can you negotiate auto loan rates.