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 provided by
Answered on Jun 07, 2021
“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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