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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 for used ...
For the figures above, the loan payment formula would look like: 0.06 divided by 12 = 0.005. 0.005 x $20,000 = $100. In this example, you’d pay $100 in interest in the first month. As you ...
Which bank has the best car loan rates? If you have excellent credit, Bank of America offers auto loans for new vehicles with a starting rate of 6.29%. Is it better to get an auto loan from your ...
Bank of America. Bank of America has auto loans with fixed APRs as low as 4.34 percent and 4.54 percent for new and used car purchases from dealerships, respectively. If you want to buy a vehicle ...
The best interest rates on auto loans go to buyers with good or excellent credit — typically a score of 670 or higher. ... Interest rates on car loans change with the prime rate, Fed rate and ...
If you're buying a car, learn how to get the best car loan, review where you can get an auto loan, and discover what a good interest rate looks like in 2022.
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