Quick Answer: Can You Negotiate APR On A Car??

Yes, just like the price of the vehicle, the interest rate is negotiable.

Dealers may have discretion to charge you more than the buy rate they receive from a lender, so you may be able to negotiate the interest rate the dealer quotes to you.

Ask or negotiate for a loan with better terms.

Which bank is best for car loan?

Best Car loan Interest Rates India October 2019

Car loan Banks Interest Rates EMI per Rs 1 lakh for 7 Years
HDFC Bank 8.50% – 11.25% Rs. 1,584 – Rs. 1,725
ICICI Bank 8.82% – 12.75% Rs. 1,600 – Rs. 1,806
IDBI Bank 9.00% – 9.10% Rs. 1,609 – Rs. 1,614
Indian Bank 9.00% Rs. 1,609

15 more rows

What is the average interest rate on a car loan with a 700 credit score?

But a higher score will almost certainly get you a lower interest rate. At the end of 2017, the average credit score for a new-car loan was 713, and 656 for a used-car loan, according to an Experian report. But nearly 20% of car loans go to borrowers with credit scores below 600, according to Experian.

What is a good interest rate for a 72 month car loan?

The national average for interest rates on a new car is 4.42% for a 48-month loan and 4.36% for 60 months.

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