When you’re shopping for a vehicle, one of the most important things to figure out is how much you’ll need to borrow. In this article, learn about the monthly payment and loan rates of new Nissan cars and trucks.
The monthly payment on a new car loan is the amount you pay per month in order to get your new car. The monthly payment can be split into two different numbers, the down payment and the interest.
The monthly payment is determined by a loan amount and the term, which can be anywhere from 36 to 72 months. The average monthly payment for a new car loan is around $414 .
The new car loan rates on nfcu depend on your credit score, past credit history and the amount of down payment you make. Rates start at 3.99% APR for a qualified borrowers with excellent credit and go up to 10.49% APR for those with less than stellar credit.
The rates for new vehicle loans are currently at a record low. The average 1-year loan rate is 3.95% and the average 5-year loan rate is 3.81%.
At nfcu, we understand the importance of buying a new car. That’s why we offer you options to get the best rate for your new car loan. Our rates are low due to our great financing opportunities.
There are many things that can affect the new car loan rate. The most important thing to do is to find out what your credit score is and compare it to the rates on the market. If you don’t have a credit score, use one of the other methods for finding out what your rate would be.