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The advertised auto loan rates are for people with really good credit scores. Currently, for new cars, the Annual APRs range from 3.09%(Bank of America) to 6.74% (Wells Fargo); and for used cars, 3.59% (Bank of America) to 6.74% (Wells Fargo).
I wouldn't count on getting those rates since there's really very few Americans who are entitled to those rates. If you have subprime credit, you may get an APR of more than 20%!
I suggest you check your credit score first and have it "repaired" if necessary before getting an auto loan. By doing this, you're sure to get the best APR and save a lot of money.
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∙ 13y ago
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Average amount financed for new car?
What is the average amount financed in an auto loan
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Auto Loan
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.
Do auto loan calculators accurately predict auto loan payments?
Auto loan calculators are not reliable. Although they can sometimes predict auto loan payments correctly, they are often inaccurate and can cause issues.
How would you refinance an auto loan?
You can refinance an auto loan at any place you can get an auto loan. It may be best to use an agency in which you have already gotten a loan through before.
What kind of loan is an auto loan?
An auto loan is a secured loan. A lien on the car helps the lessen the risk for the lender.
If someone cosigns your auto loan are they responsible for your other debts or only the auto loan?
Just for the auto.
Where can I find an auto loan calculator?
There are several useful auto loan calculators online. The one found at http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx gives you a lot of information/
Where can I find a quick auto loan?
You may be able to receive an auto loan through a bank or savings. The government may not provide you with an auto loan.
How do I find a calculator for car loan payments?
If your looking for an auto loan calculator, Bankrate is a great place to start. They provide car loan and auto loan calculators to help with your buying decision. http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx
Will a bank help you take out car loans?
Auto Loans - Save time and money with an auto loan from Capital One. Apply for auto loans online in minutes and lock in our competitive auto loan rates.Looking for an auto loan calculator? Bankrate provides car loan and auto loan calculators to help with your buying decision.
How does the auto loan calculator work?
An auto loan calculator factors in the interest rate of the loan, the loan amount, and length of time for the auto loan. This information givens you the monthly payment as well as loan balance for that particular loan plus the total you will pay over the life of that loan.
