Get Historic Car Loan Rates
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Keep in mind that the more you can afford to pay up front, the lower your interest rate will be. Last month, the average interest rate on a new car was 6.19 percent, compared with 4.9 percent a year ago, according to edmunds, which provides research on the car industry. A higher interest rate is to be expected for such loans with an extended period.
This year, interest rates are expected to stay around 3.8%, according to freddie mac.
30 year fixed 0 points of. Offers fast and convenient collector car financing on nearly all classic and collector automobiles, from antique to more recent models. This is good news for consumers as home prices continue to rise. The removal of any discount, such as auto deduction or employee, will increase the rate.
