What APR should I expect on a car loan with an 800 credit rating?

"I recently crossed the 800 threshold on my credit score. What APR should I expect on a car loan?"

Answer provided by
Eric Schad
Answered on Jul 27, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“An 800 score qualifies you for the best interest rates, but it’s not the only factor that’s used to determine your APR.
Your approval and your APR are also based on your income, debt-to-income ratio, loan-to-value ratio, and credit score.
If you have low debt, if the car is priced right, and if you make enough money, you could reasonably expect an interest rate of 3% or less, as long as your loan is 60 months or less.”

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