What are State Farm auto loan rates?

State Farm Bank auto loans: Rates and terms at a glance

Type of loan APR range Terms
Used auto (2017 and older models) Starting at 3.89% 12–84 months
Auto refinance (2018-2020 models) Starting at 3.39% 12–84 months
Auto refinance (2017 and older models) Starting at 3.89% 12–84 months

>> Click to read more <<

Just so, does State Farm still do car loans?

State Farm Bank offers a variety of auto loans, including new-car, used-car and refinance options, at competitive rates. But according to a State Farm rep, to start the application process, you’ll have to speak with an agent — unless you already have a State Farm Bank account or insurance policy.

In this way, what bank does State Farm use?

U.S. Bank

In this manner, what is a bad APR rate for a car?

The Average Interest Rates for Car Loans with Bad Credit

Credit Tier (Credit Score) Average New Car Loan Interest Rate Average Used Car Loan Interest Rate
Prime (661-780) 3.48% 5.49%
Nonprime (601-660) 6.61% 10.49%
Subprime (501-600) 11.03% 17.11%
Deep subprime (300-500) 14.59% 20.58%

What is a good APR for a car 2021?

The average new car’s interest rate in 2021 is

Credit score category Average loan APR for new car Average loan APR for used car
Super Prime (781 to 850) 2.34% 3.66%

What is a good interest rate for 84 month car loan?

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

What is the average auto refinance interest rate?

Frequently Asked Questions About Auto Refinance Rates

What are today’s auto refinance rates? For today, November 29, 2021, the current average auto refinance rate for people with Excellent credit is 2.93% for a 48-month loan, 2.59% for a 60-month loan, and 2.70% for a 72-month loan.

Leave a Comment