How Much Does a Cosigner Help with Getting Auto Loans or Better Loan Terms?
Credit Corp
AUGUST 5, 2020
Instead, you’re offered a subprime car loan at 10% or even 20% interest because your credit isn’t strong enough to get a better rate. The average interest rate as of the end of 2019 for new car loans was 5.76%. Imagine you’re shopping for a new car and finally find a reasonably priced set of wheels that you like.
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