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The average range of car interest rates will vary depending on your credit rating. Someone with an excellent rating should be able to get an interest rate of 2.99%. Those that have a bad credit rating could be quoted rates as high as 19%.
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∙ 10y ago
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Do used car loans have high interest rates?
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.
How much are used auto interest rates?
If you cannot afford a new car, but considering to buy a used car and want to know about how much are the interest rates for new vehicles, then the answer is around 100-500 dollars.
Can you tell you what the car finance interest rate is for a particular car?
It can range from high to low. Depends on your dealer and bank. Check with consulting at the bank or car dealer. Each car is different so interest rates can vary.
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 are some current interest rates for car insurance?
"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%!!"
What has better interest rates used cars or new?
Auto interest rates are primarily dependent upon your credit history and your relationship to the lender. So whether the car is new or used should not matter.
How do interest rates affect people's purchasing decisions?
High interest rates increase the cost on the ability to buy a house or a car.
How do used car loan rates compare to new car loan rates?
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.
What is the current bank interest rates for a new car loan in Florida?
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.
Is there a legal limit on interest rates for car loans?
There is in some states.
When a car is repossessed does the borrower receive high interest rates on loans?
no
What is the average current auto loan rate?
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%.
