Who Has the Best Car Loan Rates?

Finance Agreement

The answer to the above question depends on what kind of car you’re looking at, in addition to how your finances are right now. You might also be wondering, “What is a good car loan rate for me?” You can find loans at the dealership through our finance experts, but there are also big banks, local banks, and credit unions around Lake Havasu City where you can compare different rates and shop around for the best rates.

What is the Current Interest Rate for Car Loans?

The rate you pay depends on your credit score, with Bullhead City buyers with higher scores getting better rates. This is what you can expect to pay on a new car when you have the following scores:

  • Excellent credit: 850 – 740 = 3.2% interest rate
  • Average credit: 739 – 680 = 4.5% interest rate
  • Sub-par credit: 680 and below = 6.5 – 12.9% interest rate

The better your credit is, the lower the interest rate you’ll pay. If you’ve got less than stellar credit, work to pay off old collections and credit cards before you shop for a vehicle.

Car Loans and How to Get One

What is a good car loan rate? It can be as low as 3.2% with excellent credit or 12.9% with bad credit. On the topic of getting a car loan in Hemet, you can get the process going online if you so choose. This is what you’ll need to do that:

  • Driver’s license and Social Security number
  • Employment verification
  • Proof of income
  • Proof of assets

After you have these all in order, apply for financing online or have a chat in person with someone from our finance team.

Apply for a Loan at Anderson Auto Group at Anderson Auto Group

Want to get the perfect rate on your next vehicle? It starts with picking out your perfect new or used vehicle. Check out our payment calculator to get a handle on your budget, or contact us online to get in contact with someone on our team. We’ve also got some car buying tips we think you’ll enjoy. We can’t wait to hear from you!

 

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