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What is a good car loan rate 2022?

In 2022, new car loan rates range from 2.40% to 14.76% while used car loan rates range from 3.71% to 20.99%....Average Car Loan Interest Rates By Credit Score. Credit ScoreAverage New Car APRAverage Used Car APR661 to 7803.56%5.58%601 to 6606.70%10.48%501 to 60010.87%17.29%300 to 50014.76%20.99%1 more row • Aug 15, 2022

What is a good interest rate for a car 2022?

McBride warns that rates are expected to drift higher in the next year, predicting that by the end of 2022 the average interest rate on a five-year new car loan will be 4.4 percent and the average rate for a four-year used car loan will be 4.85 percent.

What is the EMI per lakh for car loan?

EMI Calculator for Car Loan Loan Tenure2 years5 yearsEMI amount for loan amount \u20b9 1 Lakh at 8.65%\u20b9 4,552\u20b9 2,059Total amount you pay back to the bank including principal and interest\u20b9 1,09,258\u20b9 1,23,533Interest you have to pay over loan tenure\u20b9 9,258\u20b9 23,533

What is a good interest rate for a 72 month car loan?

The average 72-month auto loan rate is almost 0.3% higher than the typical 36-month loan's interest rate for new cars....Loans under 60 months have lower interest rates for new cars. Loan termAverage interest rate60-month used car loan4.17% APR72-month used car loan4.07% APR2 more rows • Jun 2, 2022

What would stop me from getting approved for a car loan?

Why was I denied a car loan? Lenders frequently reject applicants because of credit score, credit history and overall debt. Errors in the application. You can be denied a loan due to simple errors in the application.

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