AUTO LOAN RATES
Below is a table of current auto loan interest rates and loan terms offered by Star Loan Services. Analyze the rates available for the different to help pre-determine what you can expect to pay as your monthly car loan payment.

The interest rates you receive for your car loans are going to be determined by several key factors including type of car, whether you are buying new or used, the amount of down payment, applying with a co-signer and what type of credit you have.

It is a good idea that you learn more about the factors that influence auto loan interest rates.  We also suggest that you use the car loan calculator to determine what your payments can be by using your own numbers.

**** We highly recommend that you get a copy of your credit report before you apply for a car loan to ensure that there is no outdated and/or misinformation that affect what kind of interest rate you receive. Your credit score is considered the most important variable when determining approvals and interest rates. If you do not already know, we can teach you how credit report scores are determined and how you can improve your credit score.

The table below is based on a used car purchase of $13,000.
APPLY FOR A USED CAR LOAN!

48 month loan terms 60 month loan term Type of Credit APR Monthly Payment APR Monthly Payment Excellent 5.75% $304 6.25% $253 Good 7.25% $313 7.50% $260 Average 7.50% $314 8.00% $264 Fair 8.75% $322 9.50% $273 Bad Interest rate of 14% to 20%. Payments ranging from $325 to $575

The table below is based on a new car loan of $20,000.
APPLY FOR A NEW CAR LOAN!

48 month loan terms 60 month loan term Type of Credit APR Monthly Payment APR Monthly Payment Excellent 5.15% $462 5.40% $381 Good 7.15% $480 7.40% $400 Average 7.50% $484 7.90% $405 Fair 8.11% $489 9.15% $417 Bad Interest rate of 12.5% to 20%. Payments ranging from $250 to $750

Knowing how auto loans work will help you better understand the financing process, getting you the loan you need, while saving you money.