what are auto loan rates today

what are auto loan rates today

1 year ago 37
Nature

According to the search results, auto loan rates vary depending on several factors, including credit score, vehicle type, and state. The average auto loan interest rates across all credit profiles range from 5.07% to 14.18% for new cars and 7.09% to 21.38% for used cars. As of November 2023, the average auto loan interest rates across all credit scores are 6.63% for new cars and 11.38% for used cars. However, these rates can vary depending on the lender, and it is essential to compare APRs across multiple lenders to ensure you are getting a competitive rate. It is also worth noting that auto loan interest rates can be affected by the monetary policies in each state, which are mainly influenced by federal treasury rate changes. Therefore, it is recommended to check with different lenders and compare their rates to find the best deal.

Read Entire Article