How To Get A Better Deal On Auto Loan | Company

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Buying a car can be stressful, especially with higher interest rates and the rising costs of a vehicle new or just new to you.

According to US News, the average auto loan interest rate in August 2022 ranged from 4.01% to 20.12% depending on the applicant’s credit score and whether the loan was for a refinance, a new car or second hand. That’s a huge range, and that means searching for the best car loan can have a big impact on your monthly budget.

Susan Mandarino is Vice President of Brand and Marketing at Abound Credit Union.

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