Interest Rates On Car Loans
Interest Rates On Car Loans. Interest rate: The lower the interest rate on the loan, the less you’ll pay for the car in the long run. Fixed/variable rates: Fixed-interest car loan rates in Canada remain the same for the term of the car loan, while variable rates can fluctuate with a change in the lender’s prime rate.
RBC Royal Bank. Competitive interest rates. Whether you finance your vehicle through your branch or at the dealership. Amortization periods of up to 7 years. Let you create an affordable payment amount. 1 disclaimerInterest Rates On Car Loans Ready To Buy A Vehicle. * The calculations are for illustrative purposes only and the actual interest rate and payment amounts are subject to approval and based on a number of factors including credit check and age of vehicle. Car Loan Interest Rates In 2019. What is the average interest rate for a car loan? The average buyer can expect to pay anywhere between 4.5-6% interest on their car loan, depending on whether the car is new or used and whether the interest rate is fixed or variable.
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