Who Has the Best Car Loan Rates?

auto loan

The answer to that question depends on the pre-owned vehicle you want, as well as your finances. What you’re really asking is, “Who has the best car loan rates for me?” You have a lot of options when it comes to lenders, such as MyAutoLoan, U.S. Bank, and Bank of America. The team at Rolls Auto Sales can help you find the right loan for your budget and lifestyle. Apply online, or visit us in Philadelphia to learn more!

What is a Good Car Loan Rate?

What is the current interest rate for car loans? The current rate depends on your credit score and credit history. Below, you’ll find a quick overview of credit scores and their impact on auto loan rates:

  • Excellent Credit: 850 – 740 = 3.2% interest rate
  • Average Credit: 739 – 680 = 4.5% interest rate
  • Sub-Par Credit: 680 and below = 6.5 – 12.9% interest rate

As you can see, a good car loan rate can be as low as 3.2% with excellent credit and up to 12.9% with bad credit. Naturally, the higher your credit score, the lower the average interest rates. If you’re planning to buy a car, it’s a good idea to work on boosting your credit score first, so you’ll have a better chance of getting a lower rate. One easy way to elevate your credit score is to make small purchases on your credit card and pay them off immediately.

How Do I Get a Car Loan?

The idea of getting a car loan can be somewhat intimidating, especially to first-time buyers. However, you can easily start the process online by researching different lenders’ and credit unions’ products and services. To apply for an auto loan, you need the following documents and information:

  • Driver’s license or ID
  • Social security number
  • Steady employment & employment verification
  • Proof of income
  • Proof of assets

Have questions about anything listed above? Our finance team can help! In addition to guiding you through the process of applying for a car loan, we can answer related questions like, “Can I trade in a financed car,” or “What is in-house financing?”

Apply for Auto Financing at Rolls Auto Sales Near South Jersey!

Ready to get the financing process rolling? Contact us at Rolls Auto Sales to learn more about our financial services, or to schedule a test drive near Reading and Allentown. We’ll help you get behind the wheel of the car you want for a monthly payment that won’t disrupt your budget!

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(215) 333-8856

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6547 Frankford Ave • Philadelphia, PA 19135

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Rolls Auto Sales

6547 Frankford Ave Philadelphia, PA

Phone: (215) 333-8856



Phone: (215) 333-8856

6547 Frankford Ave Philadelphia, PA
40.028120 -75.058990
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Rolls Auto Sales
Rolls Auto Sales
6547 Frankford Ave
Philadelphia, PA, 19135 US
(215) 333-8856
Rolls Auto Sales 40.028120, -75.058990.