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.

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(210) 477-1775

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32275 Interstate 10 • Boerne, TX 78006

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INFINITI of Boerne

32275 Interstate 10 Boerne, TX

Phone: (210) 477-1775



Phone: (210) 488-1784

32275 Interstate 10 Boerne, TX


Phone: (210) 477-1775

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