What can I expect my car loan APR to be on a used Hyundai Tucson?

"I have a credit score of 695, and I want to buy a used Hyundai Tucson.

What should I expect my APR to be?"

Answer
“With a score of 695, your credit is average. With that said, you should be able to find a car loan for 60 months for right around 6% APR.
Keep in mind that your credit score isn’t the only factor determining your approval. Lenders also take into account your debt-to-income ratio, current income, the loan-to-value ratio, and your installment loan history.
Don’t forget that while you’re budgeting for your APR, you will also need to get full-coverage car insurance as a stipulation in your loan.”
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Eric Schad
Answered on Jul 26, 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.
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