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There are several average rates to refinance a used car loan. The average rates to refinance a used car loan are 3.63%, 3.74%, and 4.61%. The rate that one is given depends on their history, type of vehicle, and location.

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โˆ™ 2013-06-29 16:07:27
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Q: What are the average rates to refinance a used car loan?
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Related questions

Where can we get a car loan rates quotes for free?

I recommend The site allows you to get new and used purchase loans, Refinance loans, a loan for a purchase for an individual, and a cash-back refinance loan.

What are the interest rates on Bank of America auto loans?

The interest rates at the Bank of America on a loan for a new car is as low as 2.24%, for a used car as low as 2.29% and for if you want to refinance it can be as low as 2.44%.

What is it called when you get a loan to pay for an old loan?

It is called Refinance loan, but this is not a loan type this is just a term used to pay existing loan by taking a new loan. Otherwise it is only a personal loan.If you want to pay your credit card loans, which interest rates are generally very high as compared to personal then this would be a good decision.If you are planning to take a personal loan, Gosahi com is the best place to get it. Visit gosahi submit your details and you will be welcomed with quotes from major bank, select your best option and the loan process initiates. It's as simple as that.

What does it mean to refinance a mortgage or loan?

To refinance a mortgage or loan means to replace an existing loan with another loan. The new loan usually has better terms, such as a lower interest rate. The new loan is used to pay off the old loan, and one makes payments under the new terms.

Car Loans?

form_title=Car Loans form_header=Get a car loan with low rates and flexible repayment terms for new and used vehicles. Request a car loan today! Desired Loan Amount?*= _[50] Application type?*= () Joint () Individual Loan Type?*= () New Purchase () Used Purchase () Refinance Loan How would you rate your own credit?*= [] Poor [] Fair [] Good [] Excellent

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.

Can you please define refinance loans?

Refinance Loans are loans that are used from the equity in the home. the money from a refinance loan can be used to pay off bills or maybe you can have it set back for a day that it will truly be needed.

What are the average interest rates on a loan?

The average interest rates on a loan depend on a large variety of factors. One factor is the purpose of the loan, a student loan averages 4% interest while a used car loan averages closer to 8%. Another factor is the term length of the loan, a 30 year mortgage loan averages 4.5% interest while a 15 year mortgage averages 6%. Also a factor in determining interest rates would be the borrower's credit rating. A person with a good rating might be able to obtain a 7% personal loan while a person with bad credit might average a 12% rate.

How to Get the Lowest Refinance Rates?

Mortgage interest rates are near the lowest point they have ever been. Because of this, refinancing to take advantage of the low rates is a great idea. Unfortunately, banks have tightened their lending requirements and have made it more difficult for people to take advantage of the low rates. Luckily, there are several ways a person could increase their chances of getting the lowest refinance rates. The first way to get lower refinance rates on your mortgage refinance would be to consider a 15-year amortizing loan as opposed to a traditional 30-year loan. With rates as low as they are, many people could actually switch to a 15-year loan without seeing a drastic increase in their monthly payments. For example, if you had a 30-year, $200,000 loan with a 7% interest rate, you would have a monthly payment of $1,330 per month. If you look to refinance after 7 years, your mortgage balance would be reduced to $182,000. At a 3.75% rate, the 15-year mortgage payment would be only $1,325 per month. The second way to get lower refinance rates on your mortgage refinance would be to put forth sizable equity into your home. Due to declining home prices across the country, many people now have less equity than they did at closing. In some situations, they may even have an underwater mortgage with negative equity in their home. Unfortunately, to take advantage of the low rates, a person will need to have at least 10% equity in their home. To get the best rates, and to avoid paying private mortgage insurance, a borrower will need to have at least 20% equity in their home. For those with less, this could require a large equity pay down. The third way to get lower refinance rates on your mortgage refinance would be to shop around with numerous banks. While banks have tightened their lending practices, banks are still looking to lend to qualified customers. If you have a good credit history and sizable equity, then you will have plenty of negotiating power with lenders. To give yourself the most leverage, apply for a mortgage with several different banks. These banks should each provide you with a fee and rate quote, which could be used to negotiate down rates and fees with other banks.

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 to see what is the lowest auto loan you can get.

what lenders have the best rates for a used truck loan?

There is no best lender for used truck loan rates. Talk to different banks and credit lenders to find out their rates. Look at online lenders as well and compare them.

What online bank offers the best used car loan rates?

Most of the major banks are good for used card loan rates. Nationwide, Allstate, and Bank of America give you very good rates for a buying a used car.

Where can loan consolidation interest rates be compared?

Online loan calculators such as FinAid can be used to compare loan consolidation interest rates. You can also visit bank websites and compare manually.

Refinancing Auto Loans?

Most people today have auto loans to help them pay for a new car. However, over time, the terms and rates of a loan may no longer suit the car owner. This happens when a person's credit score and financial situation change. It is normal to try and refinance auto loans. Doing this could help a person lower everything from their monthly payments to the interest rates and duration or term of the loan. To refinance auto loans, one should shop around and see what different groups can offer. Negotiation is key. With time, great rates and terms can be found on refinance auto loans.

What are common construction loan rates?

There are loan rates that have to be used when dealing with construction and they can range anywhere from1.5 percent all the way up to close to 10 percent.

What does Capital One auto provide?

Capital one auto provides auto loans that can be used towards the purchase of a new or used vehicle. You can go to their wbsite for a quote on a new loan or to refinance an existing loan.

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.

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.

What are auto loan rates used for?

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.

How do I get a loan for 5000 when I have bad credit?

Three possible choices: Quick loan or payday loan (outrageous interest rates, used for repairing credit), a Collateral loan, or a cosigned loan.

Are Bank of America's car loan rates the same for new cars as used?

No, Bank of America's car loan rates differ depending on the situation. On their website, one can find a rate for a new car, used car, or a refinancing rate. Generally, new car rates are lower.

How can one embark on loans refinance?

If one should choose to embark on refinancing their loans, they should speak to a representative of their bank. They can help you choose how the refinance will take place, what materials will be used to fund your loan, and much more.

Auto Loan?

form_title=Auto Loan form_header=Need an auto loan? Discover the best deal on car loan financing. Application type?*= () Joint () Individual Loan Type?*= () New Purchase () Used Purchase () Refinance Loan Requested Loan Amount?*= _[50] How would you rate your own credit?*= () Poor () Fair () Good () Excellent

If you have a 5 year ARM loan that stays the same for 5 years does the rate increase or decrease after that?

The loan will either increase or decrease depending on the loan rates at the time. You should be able to refinance anytime that you want to after the first year or so without a prepayment penalty. You would want to do this because it will make your finances more stable if the rate does not fluctuate. The rates are based on LIBOR (London Interbank Offered Rate) which is the world's most widely used benchmark for short-term interest rates. The lender will add a percentage or two, depending on your credit score. Check around, including your current lender, to see what rate you can get.

What are todays most commonly used student consolidation loan rates?

Rates for student consolidation loans can really vary depending on the funding institution you are using for the loan. Rates are also based on your credit score. So make sure you credit is descent if you want lower rates.