What is a Good Interest Rate for Your Car Loan?

Woman signing a car insurance policy, the agent is holding the document

Every car shopper in and around the San Antonio and San Marcos areas wants to avoid overpaying for their next INFINITI vehicle. For a better understanding of what is a good car loan rate, with your credit score in mind, we’ve made a chart and broke down how to get the best interest rates. Learn more about what is a good interest rate for a car loan from the financial experts at INFINITI of Boerne before getting approved for financing.

Average Credit Score for New Car Annual Percentage Rate Average Credit Score for Used Car Annual Percentage Rate
781-850 3.17% 781-850 3.8%
661-780 4.03% 661-780 5.48%
601-660 6.79% 601-660 10.1%
501-600 10.98% 501-600 16.27%
300-500 13.76% 300-500 19.32%

How Do You Get the Best Interest Rate?

Want to know what is the average interest rate on a car loan and how to get the best rate? Do some research and plan. Take a look at your credit history and know that the higher your credit score, the lower your interest rate will be. Based on our chart, it ranges between 3.17% and 13.76%, depending on your credit score. Take a look at this chart, and plan the rate that you want, while being prepared to negotiate if you don’t get the rate that you want.

What is the Average Interest Rate on a Car Loan?

New Braunfels-area drivers who opt for a three-year car loan, the average interest rate is around 3% to 4.5%. However, there’s always the chance that you will get a different car loan rate because of your credit score. This is why it’s recommended to shop around and compare your car loans and interest rates to get yourself the best deal possible.

Get Pre-Approved for Financing at INFINITI of Boerne!

Our finance center will work with you one-on-one to help you through the pre-approved process and get you behind the wheel of your dream INFINITI vehicle at the best rate possible. Contact us at any time for more information about what is the average interest rate on a car loan, how to get approved for financing with bad credit, or to get the process started. If you’re generally confused about how car finance works, read out helpful guide.

More From INFINITI of Boerne

  • INFINITI QX50 Reviews

    The five-passenger 2020 INFINITI QX50 is a luxury SUV that’s sure to attract car enthusiasts with its innovative engineering and provocative styling. Conscientious consumers are also going to be drawn to the QX50’s starting price. With an MSRP of a very reasonable $37,250, the QX50 reviews are justified. Don’t take our word for it. Learn…

  • Your Guide to the 2020 INFINITI QX80 Interior

    Those Boerne drivers who are on the market for a luxurious and high-performance SUV are probably closely eyeing the INFINITI QX80. This vehicle comes with a lot of space and amenities, so INFINITI of Boerne has this helpful guide to all the things inside this vehicle that make it a paragon of comfort. Have a closer look…

  • 2020 INFINITI Q50 Configurations

    When you want a high-performance sedan to enhance your drives around the San Antonio area, consider the 2020 INFINITI Q50 at INFINITI of Boerne near New Braunfels. This luxury sedan offers five configurations with superior performance and standard amenities that are sure to impress. Learn More View Inventory INFINITI Q50 Price by Trim Level INFINITI of Boerne has your look at…

Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

(210) 477-1775

Call Now

32275 Interstate 10 • Boerne, TX 78006

Get Directions

Today's Hours:

Open Today! Sales: 9am-6pm

Open Today! Service: 8am-5pm

Open Today! Parts: 8am-5pm

INFINITI of Boerne

32275 Interstate 10 Boerne, TX

Phone: (210) 477-1775

http://maps.google.com/?q=32275%20Interstate%2010%20%2C%20West%20Boerne%2C%20TX%2078006

Parts

Phone: (210) 488-1784

32275 Interstate 10 Boerne, TX

Sales

Phone: (210) 477-1775

32275 Interstate 10 Boerne, TX
29.7835702 -98.7423907
INFINITI of Boerne 29.7835702, -98.7423907.