How much is the interest rate on a new car?

Question

Is it around 5 percent or 10 percent?

Answer 1

The interest rate charged when you buy a new car depends on many things. For instance some manufacturers have 0% financing, a bank may charge something different. say 6.5% the interest rate on financing also depends on your credit rating, whether it is a new or used car, how long you want financing 36 months, 60 months etc. and the amount of money you have for a down payment. People who have bad credit, no credit etc usually have to pay higher interest rates. 5% - 10% seems a little high though. for normal financing. Shop around. larger dealers will be able to get the better rates for you, than smaller ones. But sometimes it is harder to qualify,

Answer 2

Depends primarily on your credit rating. Anything from 5.75% to well past 20%. The term and amount of your down payment will have a small effect on the final rate.

Answer 3

There are a lot of factors to look at...how long for the loan, what your credit rating is, etc. Check out the following website for an accurate rate. Also, if you belong to a credit union check with them because they often can beat other rates.

Answer 4

There is no way to really tell you this answer. The rate depends on score, internal score, finance time, finance amount, what bank you go to, money down. All these factors will effect your rate.

Answer 5

between 6 and 7 right now for good credit

Answer 6

depends on your credit rating

Answer 7

0% on many new vehicles!!!!!!!!!!!!!!

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