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Posted in Auto Loans
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Outdoorsman000

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for a 76What to expect for auto loan rate 0-770 Credit Karma score for a 72 month loan
I'm looking to purchase a new car and looking for the loan to be a minimum $18000 loan for 72 months with a credit score average 765. What auto loan rate should I expect from a dealer or credit union?

Thanks in advance!

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Go to the Credit Union first

Rates vary a lot, but you will most likely get the best rate from your credit union. Mine is offering 3.7% APR on a $35K loan right now.

IT is better to Pre-Qualify for your loan rather than waiting to go through the dealer.  They willl often "shop your loan" which can create several hard inquiries on your credit report. 

Also ask what the monthly payment would be on a shorter loan, Sometimes it can be just a few bucks more a month and will save you interest in the long run,

Hope this helps  Good luck

Top Contributor
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Depends on what they want to offer.  Sometimes credit unions offer very low rates.  Mine did last year at 2.62%, so I was pre-authorized up to $30000, but only chose a new car at $22900.  Check with your financial institutions and see if you can have a pre-authorization to go shoipping with.

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