Here’s what you need to know about auto loan interest rates, along with tips on how to get the best possible rate for your next ride. What is a car loan interest rate? When it comes to auto loan, my best bet is to go to the dealership and let the finance department deal with the auto manufacturer financial services aka the car brand bank. If you qualify, navy federal offers competitive rates and high maximum financing amounts for new and used car loans as well as auto loan refinancing. If the dealer will accept a navy federal preapproved auto loan, you can proceed with applying.
Are you saying navy federal offered you 12% for a used car loan with a 740 fico? They did my used car loan for 7. 24% (with nothing down) and i’m at a 725. My score’s a bit low only. Enter variables such as purchase price, down payment, term and interest rate to see how they can impact monthly payments and what it will take to pay off a car loan. Refinance your car loan with navy federal credit union and see what you could save on monthly payments. Check today’s refinance rates and apply online. At 19 there’s no reason to throw yourself into a big auto loan. Get quotes from insurance as well. 10% is awfully high, considering navy fed offers new auto loans as low as 4. 99%, and car dealerships offer financing as low as 3. 99%. I would try to get a lower monthly. A new car will get a better rate than a 5 year old car, better likelihood you will pay the term and not default because it broke down. 10% isn't as bad as you think it is, pay it for a year and. Good luck on getting the lowest rates unless you have amazing credit and amazing income and no debt.
A new car will get a better rate than a 5 year old car, better likelihood you will pay the term and not default because it broke down. 10% isn't as bad as you think it is, pay it for a year and. Good luck on getting the lowest rates unless you have amazing credit and amazing income and no debt.
