Your credit score has a major impact on car loan costs. Excellent credit (750+) typically qualifies for rates around 4.5%, while good credit (700-749) sees rates near 5.5%. This seemingly small difference can mean thousands in extra interest over the loan term.
Your credit score has a major impact on car loan costs. Excellent credit (750+) typically qualifies for rates around 4.5%, while good credit (700-749) sees rates near 5.5%. This seemingly small difference can mean thousands in extra interest over the loan term.
The best choice depends on your individual financial situation, goals, and constraints. Use the calculators above to compare both options with your specific numbers.