what is a good apr for a car reddit

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Car loan interest rates vary widely and your credit score is the biggest factor.

. The APR or annual percentage rate is the interest rate charged on a credit card balance. When you make monthly payments on a car loan your payment will go toward both your principal balance and. Is 8 APR high for a car.

The lower your APR the better. Huge Subaru Price Cuts Discounts. What Is A Good Interest Rate On A New And Used Car Loan Cu Socal.

However if your score is higher then an 8 interest rate is on the expensive. Some credit cards charge the same APR to all customers. A good APR for a credit card is 14 and below.

When you have good credit scores credit card issuers will trust you more and. If your apr is 2799 percent then 23 percent is applied each month. Some cards offer rates as low as 0 for a certain period of time.

Thanks for reading for your input. Compare Apply Today. If your credit score is in the 600 to 660 range a car loan with an interest rate of 8 is good.

APR expressed as a percentage usually ranges from around 2 percent to 20 percent depending on several factors. It could change your interest rate by 12 or more. Quality Durability Backed by Our 10 Year100000 Mile Limited Powertrain Warranty.

Compare Models Find a Dealer. An interest rate is the percentage banks charge you for borrowing money. What is a good apr for a car reddit.

The average APR for a car loan for a new car for someone with bad credit is. Get Limited Time Only Subaru Specials. Others have APR ranges.

When determining the APR lenders consider elements. I got approved 67 apr for 22k car 2k down payment. Divide 266 by 2400 to get 0011 lease money.

The APR or annual percentage rate is the interest rate charged on a credit card balance. Ad Compare Offers from Multiple Subaru Dealers Get Lowest Prices Check Now. The average APR for a car loan for a new car for someone with excellent credit is 496 percent.

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