Compare car loan rates and get approved for financing before you shop Easy 3 - minute pre-approval.
Not exact matches
The interest
rates on a new
car loan compared to a used
car loan are usually within one percent of one another.
Consumers are able to
compare interest
rates, educate and inform themselves about
loan lenders, terms and payments and obtain pre-approval on
loans to facilitate the new
car negotiation process.
There are many online lenders offering bad credit
car loans and since you can contact them by email or online forms, you can request free quotes and
compare prices and
rates before making your choice.
You should
compare the requirements, payment terms, interest
rates, and the
loan value they will give to your
car to see which best meets your needs.
Most consumer debt such as
car loans, credit cards and the like, have higher interest
rates when
compared to VA mortgage interest
rates.
In contrast, if you are buying a
car, you may visit 5 different banks to
compare rates and fill out
car loan applications.
According to the National Credit Union Association, as of June 27, 2014, the average interest
rate on a 48 - month new -
car loan was 2.64 percent at the credit union,
compared with 4.78 percent at major banks.
Getting a
car title
loan with the aforementioned interest
rate range is not as bad as most people make it out to be, especially when you
compare it with the other types of
loans that a) are more complicated to apply for, b) have higher interest
rates, c) have less forgiving payment periods, and d) have strict penalties that can really wipe you out, financially.
So now that we've looked at how to find a good
car loan interest
rate and
compared different lenders, you might be wondering how you can get the lowest
rate.
In the above
car loan example, let's
compare the same
loan amount of Rs. 10 Lakh and 9.5 % interest
rate.
Select your city, state or zip code then select your
car loan product to
compare interest
rates from several lenders.
Find current
car loan rates and
compare the best auto
loans by using this simple form.
Considering the brief duration of most
car loans (48 to 72 months
compared to a 30 - year home
loan, for example), a single interest
rate increase isn't likely to make much of a difference on your monthly
car payments or expenses in the long run.
I haven't tried the
car loan comparison tool, but it would be cool to
compare your
loan rate after you asked about a
loan at your local bank.