Auto loan percentage rates
Used car loans typically have higher interest rates than new car financing because there’s more uncertainty as to the value of the car, and lenders can demonstrate that used car borrowers default more frequently on their auto loans, regardless of their credit. How Do I Get a Lower Car Loan Rate? However, CCU requires you to pay a fee of $5 and keep at least that much in a savings account. In return, you can get auto loan rates as low as 2.99%. These loans include fixed rates, mechanical repair coverage, and a simple interest method that allows you to pay less over the length of the loan. Auto loan interest rates change daily, and vary widely. Before you enter a showroom, check the current rates posted at BankRateMonitor.com.. You might consider getting pre-approval from a bank or