What qualifies as a good interest rate depends on the loan. There are car loans, mortgage loans, home equity loans and personal loans. The interest rate for each loan differ.
The interest on used car loans are definitely higher than new car loans.The rate is higher because the car is usually not bought from a car sales house
The interest rate for loans for new cars varies depending on many factors. Some factors that determine interest rate on new car loans include your credit, the company you are taking the loan out from and more.
The average interest rate for car loans is between 4 and 4.5% for the last few months. A car loan for 3 years is slightly cheaper than the car loan for a longer term.
Whether your used car loan has a high interest rate depends on who you talk to or ask. Although, yes, used car loans have medium to high interest rates.
Personal loans should have a lower interest rate than student loans.
The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.
The agency responsible for setting interest rates on loans is the Federal Reserve Board. The interest rate on loans is tied into the rate of inflation and the GNP or Gross National Product.
INTEREST RATE IS THE RATE AT WHICH LOANS AND ADVANCES ARE GIVEN BY THE COMMERCIAL BANKS TO GENERAL PUBLIC. INTEREST RATE IS THE RATE AT WHICH LOANS AND ADVANCES ARE GIVEN BY THE COMMERCIAL BANKS TO GENERAL PUBLIC.
INTEREST RATE IS THE RATE AT WHICH LOANS AND ADVANCES ARE GIVEN BY THE COMMERCIAL BANKS TO GENERAL PUBLIC. INTEREST RATE IS THE RATE AT WHICH LOANS AND ADVANCES ARE GIVEN BY THE COMMERCIAL BANKS TO GENERAL PUBLIC.
Yes, people with bad credit generally pays more for car loans. This is solely due to the interest rate that the person with bad credit has to pay. The higher interest rate adds more to the total amount of the car loan.
The interest rate on auto loans for 60 months is currently 4.1%. The rate for 48 months is 4.02%, and for 36 months it's 4.69%. Compared to several months ago, the rates have slightly decreased.