WebAug 19, 2024 · There is no “one-size fits all” when it comes to no-credit auto loans. Everyone’s financial situation is different. Before you step into a dealership to buy a car, do your research. You may be able to line up financing for a car through your bank, credit union, or an online lender. WebFeb 23, 2024 · Used car (dealer): Example: A 5-year, fixed-rate used car loan for $25,000 would have 60 monthly payments of $ 484 each, at an annual percentage rate (APR) of 5.99 %. Refinance: Example: A 5-year, fixed-rate refinance loan for $23,000 would have 60 monthly payments of $ 454 each, at an annual percentage rate (APR) of 6.79 %.
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