Current 6 Year Auto Loan Rates

See rates for new and used car loans and find auto loan refinance rates from lenders.

Current 6 year auto loan rates. Average auto loan rates for deep subprime credit. A 30 000 automobile loan at a 36 month term monthly payments would be 867 03 and apr of 2 59. What are current auto loan rates. Typically credit unions offer customers lower rates than other lenders.

A 5 year fixed rate new car loan for 37 000 would have 60 monthly payments of 660 each at annual percentage rate apr of 2 69. Loan payment and apr will vary based on the loan amount the term and any fees. Compare auto loan rates. 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.

Even if your credit score is lower you may still qualify for. Interest costs hit 2 680 for borrowers with good credit an an interest rate of 6 27. 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. Current market rates also affect your auto loan rate.

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. Just like the price of a car auto loan rates often can be negotiated. 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 national average for us auto loan interest rates is 5 27 on 60 month loans.

At 11 65 the rate for buyers. Can you negotiate auto loan rates. The exact rate you pay will vary by your location and credit score. The market constantly fluctuates but a rate less than 5 generally is considered good.

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.