Current 6 Year Auto Loan Rates

This tool will provide you with the monthly payments required for auto loans lasting 1 year 2 3 4 5 6 7 8 9 10 years.

Current 6 year auto loan rates.

Just like the price of a car auto loan rates often can be negotiated. Current market rates also affect your auto loan rate. Simply enter your total amount. Even if your credit score is lower you may still qualify for.

The market constantly fluctuates but a rate less than 5 generally is considered good. Typically credit unions offer customers lower rates than other lenders. The exact rate you pay will vary by your location and credit score. According to market data the current rate for a 60 month new car loan is 4 93 4 87 for 48 months and 5 57 for a 36 month used car loan.

Credit scores of 719 for a new car or 655 for a used car or higher will help you qualify for the lowest auto loan interest rates. Can you negotiate auto loan rates. For individual consumers however rates vary based on credit score term length of the loan age of the car being financed and other factors relevant to a lender s risk in offering a loan. What are current auto loan rates.

Loan payment and apr will vary based on the loan amount the term and any fees. A 30 000 automobile loan at a 36 month term monthly payments would be 867 03 and apr of 2 59. See rates for new and used car loans and find auto loan refinance rates from lenders. Interest costs hit 2 680 for borrowers with good credit an an interest rate of 6 27.

Compare auto loan rates. A 5 year fixed rate new car loan for 37 000 would have 60 monthly payments of 660 each at annual percentage rate apr of 2 69. A 5 year fixed rate used car loan for 25 000 would have 60 monthly payments of 450 each at an annual percentage rate apr of 2 99. With top tier credit and an average interest rate of 4 90 would pay just 2 072 in interest over the life of a five year loan.

At 11 65 the rate for buyers.