Car Interest Rate FAQs at Laird Noller Ford of Topeka
At Laird Noller Ford of Topeka, we know that financing a car can seem like an intimidating and confusing process. That’s why our expert team of Ford finance specialists is here to answer your questions about car loan interest rates and provide you with the information you need to make an informed decision.
Below are answers to some of our most frequently asked questions about auto loan interest rates. Read on, then reach out to our Ford dealership in Topeka with any additional questions and to get the process started!
Car Loan Interest Rate Frequently Asked Questions
01
What is the average interest rate for a car loan?
The average interest rate for a car loan depends on several factors, including your credit score and the type of vehicle you’re looking to purchase. In general, though, you’ll find that most car interest rates hover around 5% to 6%. Our local Ford finance center works with multiple lenders to ensure our customers get the best interest rates available to them.
02
How can I lower my car’s interest rate?
One way to lower your interest rate is by having a good credit score and making sure all of your payments are up to date. Also, making a larger down payment may help as it reduces the amount you need to borrow and could result in a lower interest rate.
03
Do I need to have good credit to get an auto loan?
No! We understand that not everyone has perfect credit. So, even if your credit score is less than ideal, we may still be able to help you find auto financing options that fit your budget and lifestyle. Speak with the team at our Ford finance center in Topeka to learn more.
04
Is there any way I can save money on my car loan?
Yes! We often offer enticing Ford specials that allow customers to save money on their auto loans. Our finance team will also do their best to work with lenders to get competitive rates for our customers.
We want to make sure all of our customers have the information they need to make the best decision when it comes to financing a Ford F-150 truck or Explorer SUV. If you have any other questions about car loan interest rates, don’t hesitate to reach out and contact Laird Noller Ford of Topeka. Our team is always here to help!