I want to buy a new car and have excellent credit rating if i financed 18k what would my apr be?

Question

I want to know also what would my monthly payment be @ your calculated apr!!!

Answer 1

interest rates vary on more than just credit rating alone. the year of the vehicle you are getting, the term you are financing for, and also the equity (loan to value-ltv) of what your financing. states vary some in interest rates and dealers can mark up the rate as well. but even with dealers marking up the rates they can often get you a better interest rate than what you can arrange yourself. you also tend to get better service from that dealer when you do finance it with them. new cars right now on 60 month terms usually range from 6.5% to 8% depending on the bank and the above mentioned variables.

Answer 2

Your APR will be about 5 -7% depending on the state your in. For a $18,000 car your monthly payments with nothing down will be about $ 350 for 5 years

Answer 3

How about 0%... many new car dealers offer 0% interest or .9% for tier 1 credit..and your payment depends on the length of the loan. 18K for 36 months and your payment is $500.00 Worst case say 18K for 48 mo @ 6% = $422.73 (assuming your including tax, title, destination fee, and etc in the $18K)

Answer 4

If you get one of those 0% deals for 60 months, you payment would be only $300 per month.

Answer 5

Your APR depends on the dealership.

Answer 6

..It really depends on the lender...I financed $15 k at 6% which = about $300 a month.

Answer 7

can't be answered...different banks, dealers etc...have different rates...you need to call banks etc, where YOU live to find that out.
(no two states are the same in how they handle banking and interest.....did you know CO doesn't allow branch banking...)