Current 6 Year Auto Loan Rates

A 30 000 automobile loan at a 36 month term monthly payments would be 867 03 and apr of 2 59.

Current 6 year auto loan rates.

Simply enter your total amount. 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. 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. The exact rate you pay will vary by your location and credit score.

Typically credit unions offer customers lower rates than other lenders. What are current auto loan rates. Loan payment and apr will vary based on the loan amount the term and any fees. See rates for new and used car loans and find auto loan refinance rates from lenders.

Just like the price of a car auto loan rates often can be negotiated. Average auto loan rates for deep subprime credit. 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. Current market rates also affect your auto loan rate.

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. The national average for us auto loan interest rates is 5 27 on 60 month loans. At 11 65 the rate for buyers. Even if your credit score is lower you may still qualify for.

The market constantly fluctuates but a rate less than 5 generally is considered good. Interest costs hit 2 680 for borrowers with good credit an an interest rate of 6 27. Compare auto loan rates. 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.

According to market data the current rate for a 60 month new car loan is 4 93 4 87 for 48 months and 5 57 for a 36 month used car loan.