Best Answer

There are several average rates to refinance a used car loan. The average rates to refinance a used car loan are 3.63%, 3.74%, and 4.61%. The rate that one is given depends on their history, type of vehicle, and location.

User Avatar

Wiki User

2013-06-29 16:07:27
This answer is:
User Avatar
Study guides


21 cards

Im with someone in the army and we want to get married asap but would he get into trouble he is 21 and im 16

What does teachorous mean

What is the first aid treatment for arterial bleeding

What is the difference between an intentional and unintentional injury

See all cards
110 Reviews

Add your answer:

Earn +20 pts
Q: What are the average rates to refinance a used car loan?
Write your answer...
Still have questions?
magnify glass
Continue Learning about Cars & Auto

Are Bank of America's car loan rates the same for new cars as used?

No, Bank of America's car loan rates differ depending on the situation. On their website, one can find a rate for a new car, used car, or a refinancing rate. Generally, new car rates are lower.

What is the average current auto loan rate?

Auto loan rates vary depending on how long one takes to pay off the car and whether it is new or used. For a 60-month new car, the interest rate is 4.1%. For a 48-month new car, the interest rate is 4.02%. For a 36-month used car, the interest rate is 4.69%.

What is the difference in interest between car loan and personal unsecured loan and which is better a car loan or personal loan?

personal loan have a higher interest rate than car loans beacause they are unsecured loans . In car loan the loan is used for only purchase car .In a car loan, the loan is only used to buy a car, but you can use it as personal items in a personal loan. Interest rates start at just 8.50 percent for a car loan, but can rise 16 percent based on one's credit score and credit history. Find out more, please click

Where can the best car loan rate be obtained in your area?

The best car loan rate locally can be found using a Credit Union. With that being said, it is possible to get better rates elsewhere. The determining factor is things like your credit score, how much you are putting down, if you are buying a new or used car (except for credit unions which give you the same rate for either, most institutions give you a better rate if the car you are purchasing is new), and the loan term.

Where can one get an auto loan for a car?

One can get an auto loan for a car at the "State Farm" website. State Farm is a very reliable and widely used company for a quick and easy to get auto loan.

Related questions

Where can we get a car loan rates quotes for free?

I recommend The site allows you to get new and used purchase loans, Refinance loans, a loan for a purchase for an individual, and a cash-back refinance loan.

What are the interest rates on Bank of America auto loans?

The interest rates at the Bank of America on a loan for a new car is as low as 2.24%, for a used car as low as 2.29% and for if you want to refinance it can be as low as 2.44%.

What does it mean to refinance a mortgage or loan?

To refinance a mortgage or loan means to replace an existing loan with another loan. The new loan usually has better terms, such as a lower interest rate. The new loan is used to pay off the old loan, and one makes payments under the new terms.

Can you please define refinance loans?

Refinance Loans are loans that are used from the equity in the home. the money from a refinance loan can be used to pay off bills or maybe you can have it set back for a day that it will truly be needed.

What is it called when you get a loan to pay for an old loan?

It is called Refinance loan, but this is not a loan type this is just a term used to pay existing loan by taking a new loan. Otherwise it is only a personal loan.If you want to pay your credit card loans, which interest rates are generally very high as compared to personal then this would be a good decision.If you are planning to take a personal loan, Gosahi com is the best place to get it. Visit gosahi submit your details and you will be welcomed with quotes from major bank, select your best option and the loan process initiates. It's as simple as that.

Are there any websites where you can compare national car loan rate averages?

You can find a selection of average car loan rates for new and used auto loans at the HSH homepage. You can also compare national auto loan rates at the homepage for BankRate.

Car Loans?

form_title=Car Loans form_header=Get a car loan with low rates and flexible repayment terms for new and used vehicles. Request a car loan today! Desired Loan Amount?*= _[50] Application type?*= () Joint () Individual Loan Type?*= () New Purchase () Used Purchase () Refinance Loan How would you rate your own credit?*= [] Poor [] Fair [] Good [] Excellent

Commercial Mortgages Investment?

Commercial mortgage investment is a loan used to buy or refinance a commercial property.

What are the lowest auto loan rates available for a used car?

The lowest auto loan rates are progressive. Progressive compares its low rates against others. Try to see what is the lowest auto loan you can get.

what lenders have the best rates for a used truck loan?

There is no best lender for used truck loan rates. Talk to different banks and credit lenders to find out their rates. Look at online lenders as well and compare them.

What online bank offers the best used car loan rates?

Most of the major banks are good for used card loan rates. Nationwide, Allstate, and Bank of America give you very good rates for a buying a used car.

What are the average interest rates on a loan?

The average interest rates on a loan depend on a large variety of factors. One factor is the purpose of the loan, a student loan averages 4% interest while a used car loan averages closer to 8%. Another factor is the term length of the loan, a 30 year mortgage loan averages 4.5% interest while a 15 year mortgage averages 6%. Also a factor in determining interest rates would be the borrower's credit rating. A person with a good rating might be able to obtain a 7% personal loan while a person with bad credit might average a 12% rate.

People also asked