Lowest interest rate car loans

 

lowest interest rate car loans

Interest rates may be on the rise, but car buyers continue to enjoy some of the lowest financing options available. In fact, using our extensive rate database, we performed a survey of current auto loan rates to determine whether borrowers’ geography makes a difference in the rate they can expect to receive.

To find out, we aggregated base interest rates on every new car loan product in the U.S., then averaged them all by state to come up with a top 10 ranking of the states with lowest rates overall. Additionally, we identified the financial institutions in each state providing the lowest interest rate for a handful of common loan terms.

The state known for its booming auto industry tops our list with the lowest aggregate average loan rate on new cars at 3.03%. Credit unions dominate for lowest rates offered, with a different financial not-for-profit coming in first across three popular loan terms.

Lowest interest rate car loans

This is our forte - helping you compare the finest deals. Additionally, we'll handpick offers that suit your profile and present the best rates from several banks, so you can make a thoroughly-informed decision.

We're obsessed with giving you a 365 degree view of offers. So, we'll break it down for you - EMIs, eligibility, maximum amount that can be borrowed, fees, hidden charges... no more getting fooled by the fine print!

There's a good reason why thousands of customers choose BankBazaar- we're cheaper than most dealers. Best part- by applying here, you can get the lowest rates AND still demand all those freebies from your car dealer!

Interest rates may be on the rise, but car buyers continue to enjoy some of the lowest financing options available. In fact, using our extensive rate database, we performed a survey of current auto loan rates to determine whether borrowers’ geography makes a difference in the rate they can expect to receive.

To find out, we aggregated base interest rates on every new car loan product in the U.S., then averaged them all by state to come up with a top 10 ranking of the states with lowest rates overall. Additionally, we identified the financial institutions in each state providing the lowest interest rate for a handful of common loan terms.

The state known for its booming auto industry tops our list with the lowest aggregate average loan rate on new cars at 3.03%. Credit unions dominate for lowest rates offered, with a different financial not-for-profit coming in first across three popular loan terms.

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WARNING: These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.

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CARS.COM — To get the best possible interest rate on a car loan, it's important to understand two things: the current marketplace for interest rates, including different lender options and financing offers, and your personal financial situation and its limitations. Several primary factors determine your interest rate:

Car buyers borrow money from three primary lending sources: banks, credit unions and automakers. Loans from any of these sources may come through the dealer, who often serves as the middleman and takes a cut in the process.

Getting a loan through a car dealer is not, however, automatically more expensive. In fact, dealers provide the only way to get specialized low rates, including zero-percent financing, from automakers.

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