What is the average APR rate on a new car loan?
I am trying to find out what the average interest rate is on a new car.
The average APR rate on a new car loan depends on a lot of factors like the model of your car and your credit history. The duration to pay the loan and the dealer where you buy the car are also some other factors that determine the average APR rate. Read more details at http://auto.howstuffworks.com/under-the-hood/cost-of-car-ownership/cost-of-car-loan1.htm.
New car dealers are offering 0% financing, or cash back. Taking the cash back and paying it off early is your best bet. The only way they make money is if you pay the whole price.
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