At Kearny Mesa Kia, we want to make sure our customers aren’t overpaying on their car loans, and receive appropriate interest rates based on their credit scores. For your reference, we’ve made the chart below, and provided a breakdown of how to get the best interest rate. Read on to learn more about the average new and used car loans based on credit scores and the APR, or Annual Percentage Rate, for that average. Then, apply for financing at Kearny Mesa Kia and we can approve you in no time!
In order to obtain the best rate interest rate, we recommend that you plan ahead by checking your credit history and making note of your score. The higher your credit score, the lower your interest rate will be. You’ll also want to be prepared to negotiate. But, what is a good car loan rate? As the chart above indicates, a good car loan rate ranges anywhere from 3.17% and 13.76%, depending on your credit score.
After looking at the chart, you can plan for the rate you want and prepare to negotiate if the lender offers you a higher rate than expected. You’ll also want to be careful of the offer itself. You don’t only want to focus on the payment and ignore the rest of the deal. Be sure to pay close attention to the details!
Typically, on a three-year car loan, the average interest rate is around 3% to 4.5%. However, you may receive a different offer based on your credit score and the lender you’re getting the loan from. Ultimately, the best way to compare your car loans and interest rates is to get pre-approved and compare that way.
Our finance team is ready to help shoppers from San Diego to Kearny Mesa with the pre-approval process so they can secure the keys to a new automobile for a great rate. Contact us at Kearny Mesa Kia to start comparing rates and to initiate the financing process today!
The all-new 2027 Kia Seltos Hybrid sets a fresh benchmark for efficiency, style, and everyday utility across San Diego. Redesigned from the ground up with a wider stance inspired by the flagship Kia Telluride, this compact crossover pairs a responsive 1.6-liter hybrid powertrain with driver-focused innovation. At Kearny Mesa Kia, we give local drivers more ways to move…
If you’re planning to purchase a new vehicle for your Kearny Mesa drives, one of the easiest ways to reduce the amount you owe on your new ride is to trade in your current vehicle. While your current car may not be worth as much as it once was, there are plenty of ways to…
If you’re searching for a capable three-row SUV that doesn’t compromise on fuel efficiency, it’s hard to beat the new Kia Sorento Hybrid. Boasting a parallel hybrid powertrain, impressive towing capacity, and available all-wheel drive with Terrain Mode, the 2026 Kia Sorento Hybrid ensures you’re ready for wherever the Kearny Mesa roads take you. Learn…
Telluride Hybrid