5 These Rates Will Be 0.4% Higher.

Its rates start at 4.35% for new cars for 60 months and 4.70% for used cars. Alliant credit union offers financing for both new and used vehicles. 8 best auto loans for excellent credit 1.

There Is A Reason Why Financial Gurus And Experts Tell Us To Maintain Good Credit Scores.

Nih federal credit union offers standard beginning aprs of 2.24% for new and used auto loans with terms of up to 36 months, 2.74% for auto loans from 37 to 48. Capital one tops the charts when it comes to banks with the best customer satisfaction ratings. You can aim for a car loan interest rate below the national average of 6.62%.

That Compares To An Average Rate Of Nearly 17% For A Score Falling Between 500 And 589.

Why penfed credit union stands out: Credit scores of 740 or higher — what’s considered very good — will help you qualify for the lowest auto loan interest rates. Average interest rate for new car loans.

But Even If Your Credit Score Is Lower, You May Still.

The most common loan terms are 24, 36, 48, 60, 72 and 84 months. However, car loan rates depend on many factors such as credit score, income, interest rate. The average auto loan interest rates across all credit profiles are 3.86% for new cars and 8.21% for used cars.

Credit Unions Generally Offer Lower Interest Rates Than Banks Do.

Most people think bad credit car loans are hard to find, and that a poor credit score means you are stuck with a car that stalls as often as it starts. Best auto loans for excellent credit. Average interest rate for used car.