Consumers with excellent credit profiles typically pay interest rates below the 60 month average of 4.21%, while those with credit profiles in need of improvement should expect to pay much higher rates.
The median credit score for consumers who obtain auto loans is 706.
What credit score gets the best car loan rates?
Auto Loans for Good, Fair and Bad Credit
|Credit score||Average APR, new car||Average APR, used car|
|Source: Experian Information Solutions|
2 more rows
Photo in the article by “President of Russia”