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What APR should I shoot for on a 60-month car loan?
I want to get a 60-month car loan, but this is my first time getting one. I also want to get the best interest rate. What APR should I try to get?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
However, you may be able to get an even lower rate if your credit score is in the prime to superprime range, which includes credit scores between 661 and 850. The only surefire way to make sure you can get a good rate is to shop around as much as possible.
And since you’re already shopping around for loan interest rates, you may as well do the same for your car insurance. Any lender you choose will require full coverage car insurance.
To get the best price, download the car insurance broker and comparison shopping app
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. Just answer a handful of questions that will take you roughly 45 seconds to complete and you’ll immediately get car insurance quotes for coverage similar to your current plan. Jerry customers save an average of $879 a year!View full answer
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