Current 6 Year Auto Loan Rates

The national average for us auto loan interest rates is 5 27 on 60 month loans.

Current 6 year auto loan rates.

Interest costs hit 2 680 for borrowers with good credit an an interest rate of 6 27. 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 market rates also affect your auto loan rate. See rates for new and used car loans and find auto loan refinance rates from lenders.

At 11 65 the rate for buyers. Even if your credit score is lower you may still qualify for. 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. Can you negotiate auto loan rates.

Average auto loan rates for deep subprime credit. Just like the price of a car auto loan rates often can be negotiated. Typically credit unions offer customers lower rates than other lenders. 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.

Simply enter your total amount. What are current 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 prepayment penalty of 1 of the original loan amount applies if the account is closed within 1 year with a 50 minimum and 100 maximum.

Compare auto loan rates. 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. 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. The market constantly fluctuates but a rate less than 5 generally is considered good.

Loan payment and apr will vary based on the loan amount the term and any fees.