However, the best loan offers are only available to borrowers who have the best credit scores and payment histories. What is a good interest rate for a 72-month car loan?Īn interest rate under 5% is a great rate for a 72-month auto loan. If you’re a member of its Preferred Rewards program, you could save up to 0.5% on your APR on a 72-month auto loan with Bank of America. The bank offers new car loans for dealerships and private purchases as well as refinance and lease-buyout loans. Bank of America has an A+ rating and accreditation from the BBB. With Bank of America, you get the security of a multinational organization with branches across the globe. Loan amounts : $6,000 minimum for purchase loansīank of America offers rates as low as 5.39% for its auto loans, though you may find higher rates for a 72-month car loan. #5 Bank of America: Top Choice for Bad Credit If you have a good or excellent credit score, we recommend adding PenFed to your list as you shop around. However, the credit union does have a higher credit score requirement than some of the other options on our list, so fewer people will qualify. With excellent credit, you could find a 72-month rate as low as 5.59% by using the car-buying service. Its 72-month auto loan rates start at 5.84%, but it offers discounted rates for using its car-buying service. PenFed Credit Union is another credit union that accepts members from across the country. #4 PenFed Credit Union: Most Cohesive Process You can shop models in your area and get member discounts off of the manufacturer’s suggested retail price (MSRP). In addition to auto loans, it offers a car-buying service powered by TrueCar. The credit union’s rates for 72-month loans start at 5.64% for 2021 or newer vehicles, and its rates are higher for used vehicles and those older than the 2021 model year.Ĭonsumers Credit Union has an A+ rating from the BBB and has been accredited since 2012. You may have other credit unions in your area, but Consumers Credit Union is one you can join from anywhere. #3 Consumers Credit Union: Most Flexible Terms As you shop for 72-month auto loan rates, Autopay is a good option to have on your list. It also has a customer review rating of 4.5 out of 5.0 stars, which shows the majority of customers have positive experiences with the company. The company provides purchase loans, refinance loans, lease-buyout loans and cash-out refinancing. Like myAutoloan, Autopay works with a large network of lenders. The company offers terms between 24 and 84 months, and its rates start at 2.99% for borrowers with the best credit. #2 Autopay: Most Well-RoundedĪutopay is another choice for good 72-month auto loan rates. Once you get approved, you can walk into a dealership with your 72-month loan terms and bypass dealer financing if it isn’t a good deal. You can get up to four offers from one loan application and compare them at home. The company is an aggregator that works with a wide network of lending partners, from credit unions and banks to auto dealerships. ![]() ![]() MyAutoloan offers 72-month terms on several types of auto loans: MyAutoloan has an A+ rating and accreditation from the Better Business Bureau (BBB). However, the company’s services aren’t available to people in Alaska or Hawaii. MyAutoloan tops our list because it offers low rates on 72-month auto loans for borrowers with the best credit and works with a good range of credit scores. Loan amounts : $8,000 minimum for purchase loans and $5,000 minimum for refinancing Starting APR : 5.04% for 72-month auto loans Next, we’ll take a closer look at each of our top five recommendations for 72-month auto loans.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |