Services
PriceProtect™
DriveShield™
GarageGuard™
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Home Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Recent Studies
Comprehensive Data Reports
Reviews
About
FAQ
MenuIcon
BACK

What's considered high interest on a car loan?

I don't want to get hit with a high interest rate on a car loan. What kinds of numbers are considered high when it comes to loan interest?

avatar
Johnny Puckett · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Lenders determine interest rates based on many things, but risk and the length of the loan are the two biggest determining factors. Buyers should look for interest rates in the single digits and avoid loans with interest rates of 10% or higher.
Car Loans
View full answer 
Jerry user testimonial avatar
rating primary
“My experience with Jerry has been absolutely incredible. It took my car insurance from about $400/month to about $80. The entire experience is seamless.” - Gregory R.
Lower my car insurance too
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

Join 4M+ members in lowering their car insurance

Find insurance savings

You Might Also Be Interested

card cover

What is Considered a High Car Payment?

According to financial experts, a high car payment is one that amounts to more than 30% of your monthly income.
avatar
Amber Reed
card cover

How Does Interest Work on a Car Loan?

If you took a loan to pay for your car, you will be charged interest on your monthly loan payments. Interest is what you’re charged to borrow money.
avatar
Mary Cahill
card cover

What Is a Good APR for a Car Loan?

A good APR is usually around 2%. How much you’ll save depends on your credit, type of car, and loan term. Read here to learn what a good APR for your car loan looks like.
avatar
Bonnie Stinson

Read Advice From Car Experts At Jerry

card cover

Newest Tesla Drivers: Even More Male, Married, and Highly Educated

Higher percentages of drivers of the newest Teslas are aged 22-34, are male, married, and have advanced degrees than drivers of Teslas built in 2020-2022.
avatar
Henry Hoenig
card cover

Most Americans Can’t Afford Even One Average-Price Used Car

The average American household can no longer afford an average used car, according to common financial advice. That’s a single average used car—never mind two—in a country where a car is a necessity for nearly every working adult.
avatar
Henry Hoenig
card cover

How to Build a Custom Honda Fit

From four different trim levels to a variety of awesome aftermarket mods, there are plenty of great ways to customize your Honda Fit.
avatar
Samuel Todd

What Others Are Asking

How do I connect to Bluetooth in a Hyundai Veloster?
Recently, I’ve been unable to connect to my Bluetooth. It stopped working all of a sudden and I don’t know why. How do I connect to Bluetooth in a Hyundai Veloster?
avatar
Bonnie Stinson
Where is the OBD port on a 1995 Honda Civic?
I’ve got an old Honda that I’ve been meaning to fix up. I have an OBD reader, but I can’t for the life of me find the port! Can you tell me where the OBD port is on a 1995 Honda Civic?
avatar
Amber Reed
How many Lotus Elises were made?
I’m learning more about foreign race cars, and I’m particularly interested in the Lotus brand. Can you tell me how many Lotus Elises were produced?
avatar
Pat Roache
Browse All Questions

Browse More Content

Car Repair Resources

Insurance for Your Car

Insurance in Your State

    Insurance In Your City

    Easiest way to compare and buy car insurance

    √
    No long forms
    √
    No spam or unwanted phone calls
    √
    Quotes from top insurance companies
    Find insurance savings
    Car Insurance by Make
    Audi
    BMW
    Dodge
    Ford
    GMC
    Honda
    Hyundai
    Jeep
    Kia
    Lexus
    Mercedes-Benz
    Mitsubishi
    Subaru
    Tesla
    Toyota
    View all
    Car Insurance by Model
    Chevrolet Silverado
    Chevrolet Malibu
    Ford Escape
    GMC Sierra
    Honda Accord
    Honda Civic
    Hyundai Tucson
    Jeep Cherokee
    Jeep Wrangler
    Kia Forte
    Mazda 3
    Nissan Altima
    Subaru Outback
    Subaru Crosstrek
    Toyota Camry
    Toyota Corolla
    Toyota Tacoma
    Toyota Highlander
    Toyota Rav4
    Volkswagen Jetta
    View all
    Car Insurance by State
    AL
    AZ
    AR
    CA
    CO
    CT
    DE
    FL
    GA
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NH
    NJ
    NM
    NY
    NC
    ND
    OH
    OK
    OR
    PA
    RI
    SC
    SD
    TN
    TX
    UT
    VT
    VA
    WA
    WV
    WI
    WY
    Car Insurance by City
    Austin, TX
    Boston, MA
    Charlotte, NC
    Chicago, IL
    Columbus, OH
    Dallas, TX
    Denver, CO
    Houston, TX
    Indianapolis, IN
    Jacksonville, FL
    Las Vegas, NV
    Los Angeles, CA
    Nashville, TN
    New York, NY
    Philadelphia, PA
    Phoenix, AZ
    Portland, OR
    San Antonio, TX
    San Francisco, CA
    Seattle, WA
    View all
    Car Loan by Make
    Audi
    BMW
    Chevrolet
    Ford
    GMC
    Honda
    Hyundai
    Kia
    Lexus
    Nissan
    Mercedes-Benz
    Subaru
    Tesla
    Toyota
    View all
    Car Insurance by Company
    AAA
    Allstate
    Aspire Advantage
    Assurance America
    Bristol West
    Commonwealth
    Dairyland
    Encompass
    Infinity
    Kemper
    Mapfre
    Mercury
    National General
    Nationwide
    Plymouth Rock
    Progressive
    Safeco
    State Auto
    Travelers
    Car Loan by State
    AL
    AZ
    AR
    CA
    CO
    CT
    DE
    FL
    GA
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NH
    NJ
    NM
    NY
    NC
    ND
    OH
    OK
    OR
    PA
    RI
    SC
    SD
    TN
    TX
    UT
    VT
    VA
    WA
    WV
    WI
    WY
    Car Repair by Service
    AC Compressor Replacement Cost
    Battery Replacement Cost
    Fuel Injector Replacement Cost
    Fuel Pump Replacement Cost
    Ignition Coil Replacement Cost
    Oil Change Cost
    Oil Pan Replacement Cost
    Power Steering Fluid Service Cost
    Rotate Tires Cost
    Spark Plugs Replacement Cost
    Timing Belt Replacement Cost
    Valve Cover Gasket Replacement Cost
    Water Pump Replacement Cost
    Wheel Bearings Replacement Cost
    View all