Current auto loan interest rate
current auto loan interest rate depends on various factors depending on particular lender. The current auto loan interest rate for new cars is moderate in nature. current auto loan interest rate for new cars starts from 7%. This also depends on type of repayment you are choosing in terms of the car. current auto loan interest rate on used cars starts from 8.5%. This normally depends on individual lender offering the loan. The current auto loan interest rate for new cars is higher as compared to used cars. As compared to previous rate s, there has been a drop in current auto loan interest rate.
You can avail current auto loan interest rate by evaluating different types of interest rate s. You can avail the rate s from local or online lenders. However, online evaluation of the rate s is simple as compared to manual evaluation. You can select on the basis of annual rate and repayment term of the auto loan. current auto loan interest rate also changes according to individual factors. If your credit standing is good, you can avail current auto loan interest rate on cheaper basis. You can avail current auto loan interest rate based on repayment term. In this case, higher the repayment term of auto loan , the interest rate is low.
current auto loan interest rate by lenders:
Bank of America:
You can avail any type of auto loan from the bank. The start up interest rate on auto loan by the bank is 4%. The least amount you can borrow as auto loan starts from $8000. And, max amount you can borrow on auto loans is up to $100,000. The least repayment tenure on this auto loan starts from one year. And, max repayment tenure on the auto loan depends on type of loan you borrow. The max loan to value as offered by the bank is up to hundred percent. It also depends on borrower. There are no added fees on the loan borrowed.
TD bank north:
You can avail varied types of auto loans from the lender. The start up rate on the auto loan by the lender is 8%. The least amount you can borrow as auto loan starts from $5000. The max amount you can borrow as auto loans is up to $100,000. The least repayment tenure on this type of auto loan is one year. And, max repayment tenure on the auto loan you may borrow is five years. It also depends on the make of the car. There is a least charge on the auto loan you borrow from the lender.
First Niagara bank:
You can avail current auto loan interest rate at moderate percent. The start up rate on the auto loan starts from 6%. The least amount you may borrow for auto loan is $5000. The max amount you may borrow for auto loan depends on the borrower. You can avail a max limit in this case. The loan to value as offered by the lender is up to eighty percent. There are no separate costs on the loan borrowed. The least repayment tenure on the auto loan is one year.
current auto loan interest rate also depends on auto market condition.