Best Car Loans In Philippines 2022 - Lowest 4.79% Interest Rate.
What is a good interest rate on a 2022 car?
The average auto loan interest rate is 5.16% for new cars and 9.34% for used cars, according to Experian's State of the Automotive Finance Market report for the third quarter of 2022. With a credit score above 780, you'll have the best shot to get a rate below 4% for new cars.
What is the average interest rate on a car loan in the Philippines?
The average monthly car loan payment in the U.S. is $700 for new vehicles and $525 for used ones originated in the third quarter of 2022, according to credit reporting agency Experian.
How much is the average car loan 2022?
The Fed's rate hikes have caused the average interest rate for new vehicle financing to increase to 5.7% in the third quarter of 2022, up from 4.3% this time last year and the highest level in three years, according to Edmunds.