What is the interest rate of a car loan in Florida?

Auto Loan Rates (new & used)

Daily Periodic Rate Approximate Term APR* as low as
0.00614% 1-42 months 2.24%*
0.00682% 43-54 months 2.49%*
0.00750% 55-66 months 2.74%*
0.00819% ($18,000 minimum) 67-78 months 2.99%*

>> Click to

In this way, what is a good interest rate on a car loan?

The average auto loan interest rate is 4.09% for new cars and 8.66% for used cars, according to Experian’s State of the Automotive Finance Market report for the second quarter of 2021. With a credit score above 780, you’ll have the best shot to get a rate below 3% for new cars.

Beside above, what is TD auto loan rate? Loan terms between 60 – 78 months: 3.99% – 7.24% Loan terms of 84 months: 3.99% – 7.99% Loan terms of 96 months: 5.23% – 8.48%

Moreover, 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.

What is the average interest rate on a car loan with a 750 credit score?

about 3.48 percent

What is the highest APR for a car loan in Florida?

In Florida, the maximum interest rate that can be charged is 18% for loans that are up to $500,000 and 25% on loans that are greater than that amount.

What is Wells Fargo auto loan rates?

Instead, the company works through a network of about 11,000 local dealers to provide financing to drivers purchasing a new or used vehicle.

Credit Score Average New Car APR Average Used Car APR
661 to 780 3.48% 5.49%
601 to 660 6.61% 10.49%
501 to 600 11.03% 17.11%

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

Leave a Comment