Car Loans First - Car Loan Rates

New Car Loan Rates

There are a number of things you need to consider when purchasing a new car. In order to qualify for the best new car loan rates, you need to have an above average credit score. In order to find out your credit score, you can pay for a report that includes your score from one of the three credit bureaus – Experian, Equifax or TransUnion, or you can obtain a free credit score from one of the web site out there such as CreditKarma.com.

Once you know your credit score, you need to consider whether leasing or buying makes more sense. While leasing usually provides lower monthly payments, it can be difficult to translate the money factor of the lease into what you would qualify for with new car loan rates. But leasing is not for everybody. If your yearly mileage is low or if you tend to keep your vehicles for four or more years, then leasing would not be cost efficient. Also, in the current economic climate, lease terms (and the corresponding monthly payments) are not nearly as appealing as they used to be, when compared to buying.

Before visiting a dealer, consider shopping around for new car loan rates at your local bank or credit union. With this information in hand, you will not only have added confidence in negotiation a good price, you may also be able to negotiate a lower interest payment – or one equal to your best rate - with the dealer.

Car Loan Rate Calculator - Pre Quailify

Use the car loan calculator below to estimate the amount you can finance .

1.)Select a credit profile

Good Credit

700

Fair Credit

625

Sub Prime Credit

575

Bad Credit

525

Really Bad or No Score

NA

2.) Enter monthly income

Monthly Income before taxes:

3.) Enter monthly re-occurring debts

Rent or Mortgage:

Min. Card Payments:

Garnishments:

Other Loan Payments:
(Exclude utility bills and Car Loan)

Qualified Auto Loan Amount*

Enter your postal code:

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