What Is the Average Interest Rate on a Car Loan?
What Is the Average Interest Rate on a Car Loan? Save money by finding the best APR Buying a car is a lot of money, whether it’s a brand-new vehicle or a pre-owned one. So, you don’t want to pay more than you have to on monthly interest. When you’re financing your loan, make sure that you’re getting a competitive interest rate. How can you determine that? Compare it to the national average APR and consider your credit history. How do you know if you’re offered a good APR? Let’s put that in perspective. If you financed a new car for $25,000 at a rate of 5.27% for 60 months, you’d...
Source: thenewswheel.com