Here is a breakdown of the typical interest rates you can expect with different credit scores: 850 – 740: Excellent credit score – 3.2% interest rate (on average) 739 – 680: Average credit score – 4.5% interest rate (on average) 680 and below: Sub-Prime credit score – 6.5 – 12.9% interest rate (on average) *
Whats a good APR for a car?
Right now, though, financing is dirt cheap. Among all financing sources, the average APR on a new car loan for someone with good credit is right around 3% for new cars and just over 3% for used cars. The picture is brightest for people with credit scores above 720.
What APR will I get with a 660 credit score?
Car loan rates by credit score
|Credit score||Average APR, new car||Average APR, used car|
|Source: Experian Information Solutions|
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