Free Car Loan Calculator
Use our auto loan calculator to calculate your monthly car loan payments. Enter a Amount of loan and Then Set the annual percentage of interest as needed and then enter repayment period in years to see how changes affect your estimated payment.
What is a good interest rate on a car loan?
The average auto loan interest rate is 4.09% for new cars and 8.66% for used cars, as per Experian's State of the Automotive Finance Market report for the second quarter of 2021. With a credit score over 780, you'll have the absolute best to get a rate below 3% for new cars.
What is the average interest rate on a car loan with a 700 credit score?
Average Interest Rates for Some Good Credit
Buyers whose credit ratings are from 700 to 850 have a good to excellent credit, All these buyers will pay between 3% and 4% interest on their car loan
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