What's typical?
2007-06-04 19:32:03 · 7 answers · asked by John 2 in Cars & Transportation ➔ Buying & Selling
Bankrate.com is a good source for auto loan averages:
http://bankrate.com/brm/rate/auto_home.asp
Keep in mind the loan you could get is totally dependent on your individual credit score and income.
2007-06-04 19:40:42 · answer #1 · answered by nevergonnaletyoudown 4 · 1⤊ 0⤋
1
2016-09-26 07:48:05 · answer #2 · answered by Tiffany 3 · 0⤊ 0⤋
The average will depend on all the lenders you include.
A Credit Union will usually give you the lowest rate and the dealers sometimes have some good looking APRs, but you want to be sure of ALL the terms.
If you average all the loans APRs you might find that it runs at 12%, but I'd look to find one at about half that... it can be done.
2007-06-04 19:42:35 · answer #3 · answered by twstdlzrd211 2 · 0⤊ 0⤋
If your credit is pretty good, look for manufacturer incentives. You can find a lot of different vehicles at any given time that are running APR specials, and quite often you can get 4.9%, 2.9%, or even 0.0%.
2007-06-05 02:47:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Go on to you local credit union or bank and it will usually list the avg in you area. I believe Yahoo will also tell what the rates are at.
2007-06-04 19:37:27 · answer #5 · answered by handk45 1 · 0⤊ 1⤋
Typical I'd say 8.5%
But average is probably much higher...13% maybe
2007-06-05 01:48:28 · answer #6 · answered by Warren K 2 · 0⤊ 0⤋
7.5% for 60 months for good credit
9% for average credit (60 months)
2007-06-05 02:58:54 · answer #7 · answered by TH 4 · 0⤊ 0⤋