answersLogoWhite

0

What are auto loan rates used for?

Updated: 9/20/2023
User Avatar

Wiki User

12y ago

Best Answer

Auto loan rates show the person receiving the loan the amount of interest a receiver will pay for the loan. A high rate will mean that it will take longer to pay off due to more money needing to be paid for the interest.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are auto loan rates used for?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the lowest auto loan rates available for a used car?

The lowest auto loan rates are progressive. Progressive compares its low rates against others. Try progressive.com to see what is the lowest auto loan you can get.


Where can one compare auto loan rates for used vehicles?

One might compare auto loan rates for used vehicles, by asking at differents banks, or by asking at some automobile agencies, such as Nissan, or Chevrolet.


Is there a website that can calculate bank rates for an auto loan?

There is a website that can calculate bank rates for an auto loan. Simply go on bankrate.com, click on auto, and fill out all relevant information to calculate bank rates for an auto loan.


Does Wells Fargo offer good auto loan rates?

Wells Fargo does offer good auto loan rates. Rates start at 5.24% for new car loans and 5.99% for used car dealer loans and for used car person to person loans.


Are there any websites where you can compare national car loan rate averages?

You can find a selection of average car loan rates for new and used auto loans at the HSH homepage. You can also compare national auto loan rates at the homepage for BankRate.


What are the Capitol One rates for an auto loan?

The Capitol One rates for auto loans vary by how many months you loan the vehicle for, or whether or not it is a new or used vehicle. However, for 36 mos, the loan rate for a new vehicle can be as low as 2.99%.


Why do local auto loan rates differ from national auto loan rates?

Based on rates listed nationally and locally on RateZip, there is not much difference. See http://www.ratezip.com


Where can you compare auto loan rates?

You can compare auto loan rates anywhere online. Most auto companies, like Autotrader or Kelly Blue Book, provide a loan calculator, and can walk you through this process.


What websites offer auto loan rates for viewing?

You can find autoloan rates from a variety of places online. At autoloans.com you can check comparitive pricing from auto loan rates which should help you significantly.


What are some easy tips to get a rates auto loan?

Auto loan rates can be made available through a variety of different sources. Each automobile manufacturer has a finance wing of their company which will provide loan rates, as will any large bank.


What are the best auto loan rates that can be found online?

A great site for checking the current and best auto loan rates is www.bankrate.com/auto.aspx. They offer an online low-interest calculator to help you in your efforts to attain the best loan rates.


Minnesota state maximum auto loan interest rates?

18