When it comes time to purchase a new or used car, one of the most important factors that will determine how much you end up paying is the interest rate on your auto loan. Your credit score plays a major role in determining what interest rate lenders will offer you. Understanding how your credit impacts auto loan rates can help you get the best financing deal when buying a car.
This article will explore how credit scores influence auto loan interest rates. We’ll look at the average rates offered for different credit score ranges and provide tips on how to get the lowest rate possible for your credit profile. Read on to learn more about how your credit affects car loan rates.
