Interest rate loans have been dropping in average each year, and this year is no different. So far, the average car loan interest rate is 3% lower than last year. Interest rates can fluctuate constantly, depending on the economy and several other contributing factors. Experts recommend locking in an auto loan at this time, before rates go up.
There are several types of auto loans in Seattle, all of which Pierre Money Mart can help you with. Used car loans, new car loans, good credit auto loans, bad credit auto loans, military auto loans, bankruptcy auto loans and more. Regardless of what type of car loan you’re looking for, now is the time to do it, before rates rise once again.
As of the middle of January, the average used car loan rate was 4.77% on a four-year car loan, while new car loan rates averaged 4.15% for a five-year auto loan.