2,69 % p.a. is the minimum interest rate under the secured car loans for the purchase of a new car for 5 years18.03.2020

Bankchart.us has surveyed the terms of the offered secured car loans for purchase of a new car for 5 years in the national currency. Our website's analysts have studied the loan offers from 20 most popular US banks, which place rates on their websites. Review date — 18.03.2020

As of 11 March 2020 the loans under review have been offered by 8 banks.  The average interest rate under such loans equals 4,56 % p.a. The total number of the loan programs available for the specified loan terms is 11.

The most affordable car loan is offered by Bank of America. The interest rate under "New car loan (dealer)" loan program constitutes 2,69 % p.a. The table below shows the best offers by each bank selected by Bankchart.us (in terms of costs) for the aforementioned terms.

The TOP-8 secured car loans loan programs for purchase of a new car for 5 years, as of 11 March 2020

#

Bank

Interest Rate, %

1

2,69

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

2

3,24

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

3

3,59

interest rate, %

one-time fees

$50,00

periodic fees

no

advance from

0,00 %

4

3,94

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

5

4,05

interest rate, %

one-time fees

no

periodic fees

no

advance from

10,00 %

6

5,30

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

7

6,14

interest rate, %

one-time fees

$195,00

periodic fees

no

advance from

0,00 %

8

10,00

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

To view the up-to-date rating of the car loans at our website, click here.