Have you been eying a new car? While you might be weighing details like make, year and price range, another important factor to keep in mind is the interest rate you obtain for the loan. Louisville auto loan rates can range when it comes to affordability, so it’s vital you comparison shop for the best lenders and rates before committing to a loan. 
When it’s time to buy a car, most people need a loan to help cover the cost of a vehicle. An auto loan is a great way to take a big expense like a new car and spread it out over a long period of time. This allows you to contribute smaller monthly payments toward the total, along with interest, and fit the purchase into your budget more easily. However, borrowing money to buy a car is only beneficial if you find the lowest Louisville auto loan rates.
Are you thinking about buying a car? Unless you’ve saved up the cash, you’ll need a loan to cover the cost. Don’t commit to just any loan, though; be sure your next vehicle purchase is as affordable as possible by getting the best auto loan rate in Louisville available.
Of course, researching all of the rates available in your town can be a difficult and time consuming process. That’s why Louisville Banking Rates is such a valuable tool for anyone shopping for the best interest rates. We compile the data for you so you can pick from the best offers.
The information below will help you compare the rates in Louisville to find the lowest auto loan rates. Right now, rates are competitive approaching the new year. We will updating the information periodically so you can keep up with the latest offerings.
The best Louisville auto loan rates are collected here on a weekly basis! If you’ve been playing with the idea of getting into a new car, be careful before you browse through this list, as it’s sure to convince you. These lenders are battling it out to offer the lowest auto loan rates in Louisville. Browse through these rates to find the best deal!
New Auto Loan Rate – 3 Year
Republic Bank car loan rate at 6.99% with an estimated monthly payment of $593.89
Fifth Third Bank auto loan rate at 3.59% with an estimated monthly payment of $671.88
BB&T automobile loan rate at 6.1% with an estimated monthly payment of $914.02
Louisville auto loan rates are currently some of the best in Kentucky. Even though the economy has taken a beating recently, banks and lenders are still working hard to put buyers into cars. If you’re shopping for the best Louisville auto loan rates, take advantage of the list we’ve provided below by comparing rates to find the best deal.
New Auto Loan Rate – 3 Year
Pentagon Federal Credit Union car loan rate at 2.99% with an estimated monthly payment of $442.60
Nationwide Bank auto loan rate at 3.7% with an estimated monthly payment of $587.81
Up2drive – a division of BMW Bank automobile loan rate at 3.59% with an estimated monthly payment of $586.84
New Car Loan Rate – 4 Year
Central Bank car loan rate at 6.5% with an estimated monthly payment of $391.32
Republic Bank auto loan rate at 6.9% with an estimated monthly payment of $395.08
Fifth Third Bank automobile loan rate at 3.59% with an estimated monthly payment of $447.92
Before you purchase a new car in Louisville, be sure to check the current auto loan rates. Louisville Banking Rates can help you to find a lender that will offer the most competitive rates on your next auto loan.
It’s a good idea to shop around for the best car loan rates, instead of waiting until you get to the dealer. Many banks and lenders will give you lower rates and help connect you with a local Louisville dealer. Louisville Banking Rates hopes to help you secure lending for your new car, making it easy to negotiate the best deal.
Typically, if you are buying a used car versus a new car in Louisville, Auto Loan Rates will be a little higher (up to 1% more). Auto Loan companies are looking at the value of the car, and your ability to make payments back to them in a timely manner. If you are purchasing a car in good condition or a new car, these companies can offer desirable and competitive loan rates because if a borrower does not make payments their payments, then the company can take back the car and try to sell it to get their money back.
