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Car Loan Rates

The Best Local Rates for New and Used Car Loans

Rates

Carloan.com is proud to provide the following car loan rates and information from local and regional lenders. Simply enter your loan amount and loan type to see some of the rates available in your area. Click Get Approved when you're ready to apply. Our application takes just 60 seconds to complete

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Phone Institution Rate Discount Payment Updated
BMW Financial Services NA, LLC 3.390% 0.500% $731.33 10/31/2014
BB&T 2.940% 0.500% $726.37 10/31/2014
PNC 2.590% 0.250% $722.52 10/31/2014
SunTrust 3.690% 0.250% $734.66 10/31/2014
Bank of America 2.340% 0.000% $719.78 10/31/2014
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The rate information on this page is powered by Informa Research Services, Inc. © 2011. This information has been obtained from various financial institutions, and Informa Research Services cannot guarantee its accuracy. The informationincludes financial product data that was in the Informa Research Services database at the time of publication, and may not reflect all of the products available in your region. Before acting on the information shown on this page, contact the financial institution to verify the accuracy of the data. When contacting financial institutions, always mention MSN.com to ensure you receive the preferred Internet rate. Contact links@informars.comto have your rates included in this chart.VA

How to Get the Best Auto Loan Rates

Car Loan RatesA better rate is the key to saving money on your car purchase. Maybe you can't negotiate the price of your car down by $1,000 but if you can get your car loan rate down by just two percentage points, it could mean $1,000 savings over the life of the loan. Here's what you need to get the best rate:

  • Your Credit Score - Get it here free... No kidding, it's really free.
  • A Down Payment
  • A Trustworthy Loan Advisor

Your Credit Score

It’s no secret that a good credit score means a lower interest rate, but if you don’t know what yours is, how will you know what rate is fair? Plus, if you find that your credit score isn’t as good as you hoped, and you have the time, you can always work to improve it before you buy a car. A little effort could pay big dividends in the form of dollars saved over the life of your loan.

Down Payment

Having a down payment isn’t always a necessity, and sometimes circumstances make it impossible. That’s okay. But putting some of your own cash towards the purchase of your car helps in a couple of ways. First, it lowers your payments. Not only do you have less principle to pay back, your overall interest is lower because you’re financing less. Second, putting some of your own money in the deal is a signal to lenders that you’re fiscally responsible. You not only put money aside for the purchase but you’re probably a good bet to pay back what you borrow. Lower risk for lenders usually means better loan rates for you.

Trustworthy Loan Advisor

Finding a loan advisor who will put your best interests first is a necessary step to getting good rates. Some people have good relationships with their financial institutions and feel comfortable using them. Others might be more interested in shopping around for the best rates. And still others, maybe folks with bad credit, might have fewer options.

No matter which situation you’re in, Carloan.com can help. We have processed over 6 million loan applications since 1989, and over those years, we have built a network of lenders across the nation who are ready to help people with all types of credit find the financing they need for the car they want. It’s easy to apply – just take 60 seconds to fill out our online car loan application and we’ll have one of those advisors get in touch with you right away. You could be driving your new car within 48 hours!

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You will need your updated Credit Scores when applying for a car loan.

  • See what lenders see when evaluating your application
  • Get the lowest interest Rate when buying your car
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Rates in as low as:

Source: Informa Research Services, Inc. New car loans rates are based on a 36 month term and $25,000 finance amount. Used car loan rates are based on a 36 month term and $20,000 finance amount. Applicant must have a Fico score > 760. Not every applicant will qualify.

Do I Qualify For A Car Loan?

18 years old or older?
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Earn $1,600 or more each month?
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Stable in your job and residence?
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No repossessions within 1 year?
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