Current Auto Loan Rates
When planning to take a car loan, it really is recommend to take close look at the current car finance rates to make informed decisions. Based on credible sources online, the current rates for a 60 month car stands at 2.85% that can be a of a 48 month car or truck is at 3.06% However, 60 months new car loans rates is currently at 3.28%. Nevertheless, its recommended to compare and contrast the rates made available from different banks and lenders to choose one that best suits within your budget.
FICO score is among the factors used to calculate the rates. It's used to determine one's financial capacity. Clients using a high score enjoy competitive rates when compared with those with lower FICO rates. Additionally, a payment in advance has a significant influence on the rates. Clients with lower credit history can also access fair rates by helping the down payment. Current Auto Loan Rates
Be sure to look at the terms and conditions of a loan to avoid any inconveniences later on.
For more information, please visit: https://www.youtube.com/watch?v=N1ztSJH3KN4
References:
1# http://www.bankrate.com/finance/auto/current-interest-rates.aspx
2# http://www.gobankingrates.com/car-loans/what-factors-affect-auto-loan-rates/