As a result, before agreeing to car loan financing, make sure you can afford it even if the current auto loan interest rates rise.

In addition, car loan interest rates may be fixed or variable and might come with low introductory offers.
If you have a credit score in between 580 and 589 than this article was written just for you! View and compare current auto loan rates for new and used cars, and discover options that may help you save money. Featured Auto rates are based on 2013 or newer model years and 36 month term. The average car loan interest rate with good credit is 3.71% for a 36-month loan, 3.81% for 48 months, 3.93% for 60 months, and 3.78% for a 72-month loan.

However, there are downsides as well, and A 72 month used car loan offers advantages that help many borrowers qualify for a car they might not otherwise be able to afford, and low monthly payments are chief among those benefits.

The interest rates we use in our sample auto loan monthly payment charts, are current rates for subprime borrowers, like you, with credit scores in the 580's, such as 582, 583, and 587. Apply online today at Bank of America. Featured Boat and RV rates based on Results shown are for CA.Change your state Advertised as low as APRs (annual percentage rates) assume excellent borrower credit history.
There’s no doubt that buying a car is expensive. The average price of a new car is more than $36,000, and a used car costs more than $20,000 on average.Compare Auto Loan Rates View rates for new cars, used cars, or Our guide will help you make the right decision so you can choose a car loan that fits your needs. According to Experian, the average car loan is just under $32,000, with most people choosing a 60- or 72-month auto loan term. Your rate may be higher depending on your credit history, loan purpose, amount, term and vehicle year.

The best auto loan rates of 2020 to drive away with.


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