Credit Score*, Term, Interest Rate, APR**. 740 & Above, 0 to 48 Months â€“ 0% Down Payment, 4.00%. Used 2018, 2017 & 2016 Auto Loan Payment Examples .
What are the average 700 credit score car loan rates in 2018? Individuals with a 700 FICO credit score pay a normal 4.68% interest rate for a 60-month new auto loan beginning in August 2017, while individuals with low FICO scores (590-619) were charged 13.7% in interest over a similar term.
How Credit Score & Credit History Impacts Your Auto Loan. The higher your credit score, the better interest rates you are likely to get because you are less of a risk for creditors. In general a credit score that is above 700 is considered good credit.. The average credit score in the US is 659, as of the last report from FICO.
The Loan Savings Calculator shows how FICOÂ® scores impact the interest you pay on a loan.. A 30-year loan in which the interest rate does not change during the entire term of the loan.. 700-759, 4.809 %. Monitor Credit & Identity · Get a Home Loan · Get a Credit Card · Get an Auto Loan · Products · Credit Education .
What is the interest rate for a credit score of 600 on a car loan? The average amount borrowed by car buyers is $27,000 â€“ according to Melinda Zabritski, Experian's senior director of automotive credit. When you. 700-719, 6%, $5,000, $362.