Is 15% high for a car loan?

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Alden Yost asked a question: Is 15% high for a car loan?
Asked By: Alden Yost
Date created: Thu, May 27, 2021 8:38 PM
Date updated: Wed, Dec 14, 2022 11:30 PM

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Top best answers to the question «Is 15% high for a car loan»

If you have a low credit score (think 500), you may only be able to get approved for loans with an interest rate of as high as 15-18%, meaning that the overall APR you can access is much higher… If you are purchasing a used car, the APR is typically going to be higher than that of a new car.

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