Used Automobile Loan Rates
I want to get a automobile loan really soon, and I wanted to know… what ought to agood interest rate be on a utilized ride… say 06′?
Answer by johnny b excellent
Save up and pay cash. Maintain the interest in your pocket.
Answer by UCANTCME
7.50
With good credit the rates are are starting around 6% for a 36 month term.
To get the best rate and price possible, go to your own bank or credit union and get pre-approved for a loan through them.
10%
depends where you live and what they are offering the best I’ve seen in UT is 6% through Golden West Credit Union
Your interest rate will be determined by your credit rating, the age of the car and the length of the loan.
Try your local Credit Unions for the best rates. At mine you can get a loan below 4% but the most common rate for a 4 or 5 year loan for a car that is no more than 4 years old is in the mid 5% to over 7% range.
If you go to searchautoreviews.com, to search with “used car loan”, you should find some good deals.
Here is the link:
http://searchautoreviews.com/results.html?cx=006616979543893323550%3A3aew_r12l8e&cof=FORID%3A10&q=used+car+loan&sa=Search+reviews
Good luck!