Our current auto loan rate for a new car starts as low as 1
This depends on what car you’re looking for and what’s best for your budget. Keep in mind that new cars depreciate 20 percent to 30 percent in the first year after purchase and 60 percent to 70 percent within the first five years. Whether you’re in the market for a new or used car, make sure your monthly car payment is no more than 15 percent of your gross pay, and your down payment is at least 20 percent of the purchase price.
Financial freedom seekers are not only comparing their financing options, they’re seeking the lowest loan rates to save even more on their car. 75%, and our auto loan rate for a used car starts as low as 2.30%.
Goals and Budgets will help you where your money is going every month and find opportunities to pay off your car loan quicker
A car loan preapproval will keep you financially focused on the cars that are budget-savers and steer clear from ones that are budget-busters. Be confident negotiating on offers with your financing in place and know exactly what rate you qualify for based on your credit history.
We make it simple to get the full picture of how much to spend on your next car. Our free car loan calculators will give you a sneak peak of your savings with a lower interest rate and shorter-term financing, and how to accelerate your car payoff date by making more than the minimum monthly payments.
While you might be driven to accept a zero-percent offer from dealers, you can save more money – and pay off your car faster – by combining a rebate, low interest rate, and a 36-month car loan. Zero-percent financing might be provided on longer terms but may result in forfeiting cash rebates.
If you’re looking to get the full benefit on the interest savings from zero-percent financing, you’ll need to keep the car for the entire duration of the loan
There’s even more savings around the corner when you shop and compare top brands online through the FAIRWINDS Car Buying Service, powered by TrueCar®.