How do AAA auto finance loans work? AAA offers auto loans with rates as low as 2.49% APR for a 66-month term. A member’s credit score is the primary criterion for approval.
Accordingly, how much downpayment should I put on a car?
When it comes to the average down payment on a car or typical down payment on a car, the rule of thumb is that putting down as much as you can afford is generally a good idea. The typical down payment on a car ranges from 11% to 20% of the car’s value.
Just so, what is a good interest rate on a 36 month car loan?
| Loan term | Average interest rate |
|---|---|
| 36-month new car loan | 3.67% APR |
| 48-month new car loan | 3.74% APR |
What is an AAA loan?
AAA is the highest possible rating that may be assigned to an issuer’s bonds by any of the major credit rating agencies. AAA-rated bonds have a high degree of creditworthiness because their issuers are easily able to meet financial commitments and have the lowest risk of default.
What is the average interest rate on a car loan with a 700 credit score?
People with good credit scores of 700–749 average an interest rate of 5.07% for a new car and 5.32% for a used car.
Which bank has best car loan rates?
Compare the Best Auto Loan Rates
| Lender | Lowest Rate | Terms |
|---|---|---|
| PenFed Credit Union Best Overall | 0.99% | 36 to 84 months |
| LightStream Best Online Auto Loan | 2.49% | 24 to 84 months |
| Bank of America Best Bank for Auto Loans | 2.14% | 12 to 75 months |
| Consumers Credit Union Best Credit Union for Auto Loans | 2.24% | 0 to 84 months |