What is the typical interest rate on an auto loan of about 6k?
What is the typical interest rate on an auto loan of about 6k? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
I plan on getting a newer car, and its about 10k, I only have about 5k right now, I am going to take out a loan of 6k, what is typical interest? Should I do 48 months or 60?
What is typical interste through a bank?
Suggest:
First understand dealers and banks dont finance loans for vehicles under $ 7500. ( unless buy here pay here type dealer )anything less it becomes a personal loan.
The lower the amount the higher the rate…the older the car the shorter the term…Subject to your location an 06 model – 84 months an 05-04 model 72 months…03- 02 model 60 months, and 1999 model your on your own, they wont touch, keep in mind there are other lenders besides banks, but with their interest rates forget it…
You want to take the time to really learn the steps how to buy a used car go to my website http://www.usedcartips.org/ its free advice with no strings attached …good luck