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By working with people with bad credit, we understand your situation and by securing you a car or truck loan, Garston Motors assist all the customers in the bad credit re-building process by looking at the long term and aiming for the best possible overall interest rate in Ontario.
Average Interest Rate. With auto loan interest rates constantly fluctuating, it is hard to pinpoint an exact average rate for car loans. That said, you can generally expect to pay somewhere around a 3% interest rate for a 60-month auto. If you have a good credit score, you probably can find a lower rate by going to a credit union or to another.
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You can qualify for a car loan with 650 credit score without a problem when applying. However, you can shop around a bit and find out which one is going to give the best interest rate. Since you’re not in the excellent category, you will have a higher interest rate than others that have higher interest rates get.
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The 7 Best auto loan rates of 2019 – thebalance.com – · However, CCU requires you to pay a fee of five dollars and keep at least that much in a savings account. In return, you can get auto loan rates as low as 2.99 percent. These loans include fixed rates, mechanical repair coverage, and a simple interest method that allows you to pay less over the length of the loan.
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