Is 2.49 APR good for a car loan?

Is 2.49 APR good for a car loan?

“It never hurts to shop around for car loan rates, just as you would with car insurance. But 2.49% for 48 months sounds like a pretty solid deal. My advice is to sign the paperwork on that deal before you let it get away. It’s unlikely you’ll be able to find a better rate anywhere else.

What is a good auto loan interest rate?

The average auto loan rate is 3.86% for new cars and 8.21% for used cars, but shop around to get the best deal….Average car loan interest rates.

Is a 6% car interest rate good?

If you can get a rate under 6% for a used car, this is likely to be considered a good APR. The actual interest rates you can qualify for vary depending on your credit rating, the loan term, the type of vehicle you’re financing, and more.

Is 1.9 percent interest rate good?

While there may be lower interest rates available, 1.9% can be a good deal under some circumstances. In terms of cost, an interest rate of 1.9% APR may not add much to your overall car purchase. On a $30,000 SUV, we estimate that a 5-year loan at 1.9% APR would equate to $1,471 in money spent on interest alone.

How can I get a lower APR on my car loan?

How to lower APR on a car loan

1. Check your credit reports and build credit.
2. Apply for refinancing.
3. Apply with a co-borrower or add a cosigner.
4. Shop around.
5. Think about shorter loan terms.
6. Negotiate APR and interest rate.
7. See if you can lower your APR in just a few minutes.

What is a good APR for a car 2022?

Auto Loan Rates in June 2022