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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.

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We ll use a loan term of five years and a new car loan amount of 28 800 which is the amount left to finance after a 20 down payment on the average price of a new car at 36 000. Typically credit unions offer customers lower rates than other lenders. Compare auto loan rates. The market constantly fluctuates but a rate less than 5 generally is considered good.

Using the average interest rate for people with top notch credit 5 32 that works out to 2 257 in interest payments. Even if your credit score is lower you may still qualify for. See rates for new and used car loans and find auto loan refinance rates from lenders. 8 000 in minnesota and requires that the car be no more than 10 years old.

Can you negotiate auto loan rates. Just like the price of a car auto loan rates often can be negotiated.

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