PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Is 4.5% APR good for a car loan?
I’m looking for a car loan and I’m getting a lot of different quotes. I’ll probably go with the lowest APR I’ve seen so far, which is 4.5%. But before I do, I just want to check: Is an interest rate of 4.5% good?
Chloe Jenkins · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
If your credit score is above 750, you can likely find lower interest rates in the 2% to 3% range.
The lower the interest rate, the better it is for you and your wallet. But even if your initial car loan does not have the greatest APR, as your credit score improves, you can
refinance
into a lower-interest-rate loan to reduce monthly payments and/or total interest owed.The
Jerry
app is a great resource for comparing loan options from multiple lenders. Jerry makes it easy by finding the best lenders at the best rates and delivering the lowest-cost options directly to your phone!View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies