Interest rates vary depending on your credit history and the lending institution. You should speak with your bank to determine what they can do for you. In addition, many car delearships have promotions such as 0% financing.
Interest rates are dependent on your credit as well as your income/debt ratio. The lowest interest rate is 0% but the current interest rate for a new car loan is 6.28% for 48 months.
Information on lending rates for a car loan can be found online. One can find this information on the BankRate website. Chase also has information on current interest rates for car loans.
Their are several factors that will determine car loan interest rates. The loan term length, the lender, credit rating, and the type of car being purchased are all important factors when finding right interest rates. One should should know the current interest rates on car loans to find the best car loan interest rates.
At the Tucson,AZ Tucson Bank you can secure a low rate car finance loan. Visit their website to view the current car finance interest rate deals available.
"Depending on the type of car you own, the year of the car, the state you reside in all are factors in interest rates. Interest rates can vary from 2.2% up to over 7.5%!!"
Whether your used car loan has a high interest rate depends on who you talk to or ask. Although, yes, used car loans have medium to high interest rates.
Auto loan rates vary depending on how long one takes to pay off the car and whether it is new or used. For a 60-month new car, the interest rate is 4.1%. For a 48-month new car, the interest rate is 4.02%. For a 36-month used car, the interest rate is 4.69%.
Car loan rates are typically found at car dealers, if the dealer or the car company they sell for is offering financing, or at local banks and credit unions.
Getting accurate car rates in your local area will depend on the current interest rates of your local state, your current credit rating and the available lenders in your area.
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%.
In short, many variables are to be considered. Rates are not only based on the product you purchase but mostly on your credit rating. A bad rating means that you will pay a higher interest rate.
personal loan have a higher interest rate than car loans beacause they are unsecured loans . In car loan the loan is used for only purchase car .In a car loan, the loan is only used to buy a car, but you can use it as personal items in a personal loan. Interest rates start at just 8.50 percent for a car loan, but can rise 16 percent based on one's credit score and credit history. Find out more, please click https://www.indialoanservices.in