Kasey and Green Light Auto Credit did a fantastic job in helping us a great car!
If you’re gearing up to get a car loan on your next new or used vehicle around Florissant, it’s important to know all of the aspects of the loan process so that it will be in your favor. One such component is knowing a good interest rate for your car loan. To help with this process, take a look at our chart, and be sure you have your up-to-date credit score in mind so you can better determine the best interest rate for your loan. Learn more about how to calculate new and used car loans based on credit scores and the APR (Annual Percentage Rate) with the help of Green Light Auto Credit.
|Average New-Car Loan Credit Score||Average Annual Percentage Rate|
|Average Used-Car Loan Credit Score||Average Annual Percentage Rate|
Before you try to secure a good interest rate, the best thing to do is to plan ahead by first checking your credit score. The higher your credit score is, the lower your interest rate will be. Once you have this, get ready to negotiate. A good car loan rate can range from between 3.17% and 13.76% depending on your credit score, so this is good information to keep in your back pocket in case you are offered something higher than this. Finally, be careful of the offer itself, and don’t focus solely on just the payment. Make sure you are paying attention to all the details when looking for auto financing in the greater St. Louis area.
Our St. Louis finance center is here to help you with the pre-approval process, and to answer any questions about loans, such as APR vs. interest rates. We can also give you information on how to qualify for a car loan and which ones are right for you. Schedule an appointment to start the financing process or to compare rates today.
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