What is a "low" interest rate for a new car?

[saolllez]

I want to apply for a auto loan but I have anxiety about just applying anywhere and getting a high interest rate. Does anyone know what is considered good for someone with a 620 fico score?

[nostradudaromamis]

0%

[leonora]

Hi,
Most of the company give loan on O% . Can i ask for your expected loan period?

[marktaylor]

Generally a new car interest rate is 0% for some fix time. So you pay your money on time then you can save interest money.

[EnriqueHajela]

620 fico score is not a bad score so you can apply car loan without thinking more because Most of the company give loan on O% for some fixed time period. so what time duration you need this is a big question.

[ImranJameel]

Low interest rates, such as 1.9% or 0% are limited-time promotional rates offered by car manufacturers to boost sales on slow-moving makes and models. The rates are only available to people with high credit scores, but you must like the particular model being promoted and take it during the short promotional period (usually about a month). If not, normal rates apply.

[michealkaan]

Low interest rates, such as 2.9% or 0.9% are limited-time promotional rates offered by car manufacturers to boost sales on slow-moving makes and models. So you pay your money on time then you can save interest money.

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[KailynLaw]

Your interest rate can vary greatly by location but I would consider a 2-3% rate good.