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To: Kaiser8408a

High auto loans and 20% credit card rates for great credit and 8% home loans and at least 17% inflation and congress will not stop spending.

Average Car Loan Interest Rates by Credit Score
NerdWallet
https://www.nerdwallet.com › Auto Loans
Oct 10, 2023 — In the second quarter of 2023, the overall average auto loan interest rate was 6.63% for new cars and 11.38% for used cars.


41 posted on 10/22/2023 12:21:35 PM PDT by minnesota_bound (Need more money to buy everything now)
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To: minnesota_bound
In the second quarter of 2023, the overall average auto loan interest rate was 6.63% for new cars and 11.38% for used cars.

I suspect the 6.63% rate is for a 5 year loan for a person with a stellar credit rating. My CU is at 5.7% for a 5 year loan. They don't advertise rates by credit score, but cross referencing other sites it is likely someone with just OK credit is going to get a rate around 10% for a new car.

45 posted on 10/22/2023 1:02:05 PM PDT by EVO X ( )
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