If you have excellent credit, you may even qualify for a rate under 5% on a new car loan. However, if your scores are below 500, you may receive a rate of 18% or higher, if you qualify at all.

When comparing loan offers, make sure you are comparing the APR. Consumer credit reporting company Experian releases average auto loan interest rates in its quarterly Automotive Finance Market report.

If you have less-than-perfect credit, financing a vehicle can be challenging. Car loans for bad credit can have double-digit interest rates, and you may only qualify for a loan if you have a ...

In either scenario, here are a few other credit-building options to consider. A credit-builder loan may be a fit for some people looking to establish or rebuild their credit history. Instead of ...

all of its lending partners report loan payments to the three major credit bureaus, so on-time payments will help build your credit score, but missed payments will hurt it. Setting up automatic ...

Is It Possible To Buy a Car With No Credit? While lenders look at creditworthiness—which measures how likely you’ll be an eligible borrower and make on-time payments on your loan—they might ...

There are lenders that work with customers of all credit profiles. That said, you're more likely to qualify for a loan with a high interest rate, making your car purchase expensive. Make sure to ...