Will today's Fed rate cut lower auto loan interest rates?

We are about to buy a new car, should we wait a bit to see whether auto loan rates go down? Thanks!


There are many auto loan options available today. Today, stiff competition among auto loan financing companies<!--has made it possible to get a car loan or an auto loan at favorable terms.

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Yes banks "usually" follow the fed rate

I have found the national interest rates for auto loans, how do I calculate the rates for poor or good credit?

I am trying to help a friend. I do not want to be nosey and ask her what her credit rating is, excellent, good, poor, but I was wondering if there is a certain amount of percentage points that are suppose be added to the national auto loan rates that


There are many auto loan options available today. Today, stiff competition among auto loan financing companies<!--has made it possible to get a car loan or an auto loan at favorable terms.

http://best-loans.awardspace.com/autoloa ns.htm

Explaining Car Loan Interest Rates

So you&#39;re thinking about buying a car so you need to get an auto loan. But maybe you&#39;re credit isn&#39;t so hot and the dealer says you ...

Washington's auto loan growth on cruise control

Capital One Financial Corp.’s portfolio accounted for nearly 70 percent of the total auto loans within the reviewed cohort. The McLean-based institution registered a 6.6 percent increase over the third quarter 2011 to $21.7 billion in the fourth quarter.

Credit unions dominated the ranks, though they posted mixed quarterly results. Vienna-based Navy Federal Credit Union, for instance, reported a 0.5 percent decline in the three months ending December, but registered a 4 percent increase to roughly $5.6 billion for the year.

One of the largest spikes in auto loans occurred at NASA Federal Credit Union in Upper Marlboro, which recorded a 32.7 percent rise for the quarter and 25 percent jump for the year. Meanwhile, Fairfax-based Apple Federal Credit Union grew its book of auto loans 18.5 percent in the fourth quarter and 26 percent for the year.

auto interest rates - Bookshelf


Popular Mechanics
226 pages
Popular Mechanics

Little relationship existed either between interest rate and terms of the contract, such as amount of down payment, length of contract, or unpaid balance. • Interest rates for financing used cars varied closely with the age of the car ...

Popular Mechanics
240 pages
Popular Mechanics

Different lending institutions charge different rates of interest. A PM reporter shopping for a $3000 auto loan saved more than $200 in interest cost. Here are his tips on ... HOW TO SAVE MONEY ON YOUR NEXT CAR LOAN By MORT SCHULTZ WHEN ...

Auto Upkeep, Basic Car Care
106 pages
Auto Upkeep, Basic Car Care

Calculations Interest Rate Calculations The following calculations are based on a vehicle loan of $6000 for a duration of 36 months with interest rates from 3.9 % up to 15.9%. If it is necessary for you to take out a loan, ...

New Car Interest Rates in Washington | Auto blog

New Car Interest Rates in Washington

Since the credit crunch began back in the summer of 2007, many more car dealers are offering no credit and bad credit auto sales. These car lots have taken matters into their own hands to approve people who have no credit or bad credit that banks, credit unions, and auto finance companies have previously denied.

 

Subprime car loans through finance companies came on the seen in the early 1990′s and by the end of the decade it was in full swing. Lending is such a competitive business that by the time the walls came crumbling down subprime auto lenders were offering extended terms, sometimes even up to 84 months, to people with no credit or bad credit, so that they could buy cars they really couldn’t afford.

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auto interest rates - News


LA Financial Credit Union Makes Buying Your Next Car Easy
With auto loan rates as low as 3.00% APR, LA Financial Credit Union has made a name for itself as the financial institution with some of the best interest rates in Los Angeles, California. In fact, LA Financial won the “DataTrac Great Rate Award”

Auto stocks slide in a weak market
Auto stocks slide in a weak market Most auto shares declined as a government panel on fuel pricing is likely to mull a hike in diesel and cooking fuel prices later this week. There are concerns that rising fuel prices and higher interest rates may adversely impact demand for vehicles.

Companies close in on severing ties with government after massive bailouts
Companies close in on severing ties with government after massive bailouts The new Wall Street loans come with lower interest rates, saving the car company about $300 million a year. The repayments will also let Italian automaker Fiat, which took control of Chrysler when it went bankrupt, raise its stake in the company to 46%

EDITORIAL: Toomey's attitude more politics than economics
EDITORIAL: Toomey's attitude more politics than economics Less than 24 hours after Toomey's condemnation of auto industry bailouts, Chrysler executives announced repayment of $10.6 billion in US government loans – at around a 12 percent interest rate — more than six years ahead of schedule and just two years

Belarusians' Baltic Car Binge Defies Europe's Last Dictator as Ruble Drops
Belarus yesterday devalued its currency by 36 percent against the dollar as a 14 percent benchmark interest rate, the world's highest, failed to halt a run on the ruble. Belarusians seeking to escape a tax increase have boosted car sales in neighboring

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