Need to Sell Your Car But Stuck in a Loan? Don’t Stress. Read Our Breakdown on How You Can Sell Your Car (Even If You Still Owe On it).
Find an Auto Loan
Want the best auto loan rates? It's usually a good idea to get pre-approved by your lender. Typical rates are as follows: New Cars - 4.74% , Used Cars - 4.74% and refinancing generally falls within 2.99%. These are the rates as of May 5th, 2019. Rates can change from time to time, depending on the loan marketplace. Most dealerships have their own preferred financing partners, but they aren't your only option by any means. It's best to shop around for auto loan rates outside of the dealership. If you finance through a dealership, online, credit union, bank or other, the pre-approval application is typically very easy. To get pre-approved and see actual auto loan rates, you'll need: proof of income, proof of assets, employment verification, driver's license and social security number. It's much easier for lenders to give you a guaranteed rate based when they know your financial status.
Here’s How the Fed’s Interest Rate Cut Affects Auto Loans
On July 31, 2019, the Federal Reserve made the decision to cut interest rates by 0.25%.
Auto Loans: Car Financing for New and Used Vehicles
Use This Auto Loans Guide to Find the Best Car Loan Rates for a New or Preowned Vehicle. Compare Lenders and More Online.