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A good auto loan rate is generally any rate below the average for your credit profile. For drivers with excellent credit, the average rates are 5.07 percent for new cars and 7.09 percent...
36-month used car loan: 2.94 percent. 48-month used car loan: 3.06 percent. 48-month new car loan: 2.90 percent. 60-month new car loan: 3.01 percent
The best interest rates on auto loans go to buyers with good or excellent credit — typically a score of 670 or higher.
Discover the best place to get a car loan by reviewing the pros and cons of lenders, like dealerships, banks, credit unions, and online companies.
Auto loan interest is the cost of borrowing money to purchase a car. The lender will look at your credit score, debt-to-income ratio and other factors to determine what interest rate it offers.
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Bank of America’s car loan rates start at 6.29% (new cars) or 6.49% (used cars). Repayment terms range from 48 to 72 months. The minimum loan amount depends on your state but is typically...
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