What is a Good Interest Rate for a Car Loan?

2019 Volkswagen Jetta

Some of the top questions we get surrounding car loans are, “What is a good interest rate for a car loan, and what is the average interest rate on a car loan?” Both questions deserve quality answers, which is why at Atlantic Volkswagen near Millville, we answer your burning car loan questions. We also provide car loan tips to make the process even smoother. Contact us if you have any further questions or to start your car loan experience with us!

How Do You Get the Best Interest Rate on a Car Loan?

To go from average, to good, to the best interest rate on a car loan, you need to plan. Keep an eye on your credit score and history. A higher credit score will lower the interest rate on your car loan. What is a reasonable car loan rate? It can fall anywhere between 3.17% and 13.76%. The wide range depends on your credit score. 

If, in this instance you are offered a higher interest rate than you expected, you can negotiate. You do not have to settle right out of the gate, but you need to be reasonable based on all the factors. You also do not want to get so caught up in the offer that you lose sight of the overall deal. 

What is the Average Interest Rate on a Car Loan?

Looking to answer, “What is the average interest rate on a car loan?” We must first look at the car loan agreement. For example, on a three-year car loan, the average interest rate is approximately 3% to 4.5%. However, “average” is subjective based on your credit score. The “average” credit score interest rate differs depending on where you choose to get your car loan. Thus, do some research, shop around, and try to get pre-approved to compare before you commit.

Ways to Get a Great Price on a Car Loan

Indeed, a lower car loan rate can save Wildwood drivers money down the road. Consider these car loan tips to help you get a great price on a car loan:

  • Shopping new and used vehicle specials
  • Considering leasing vs. buying
  • Pay of your car loan early to decrease interest paid
  • Trading-in your current vehicle

Get Your Car Loan with Atlantic Volkswagen!

Our finance team wants to help Atlantic City drivers get the vehicle they want without breaking the bank. Therefore, you can apply for financing online and get pre-approved. You can also value your trade to get an estimate of how much money your current vehicle is worth, and that can be used toward your new car loan. Connect with us today to begin your new car journey!

More from Atlantic Volkswagen

  • 2021 Volkswagen ID.4 Configurations and Specs

      The 2021 Volkswagen ID.4 is one of the most unique SUV vehicles you’ll find on the roads of Vineland today. The ID.4 is an electric vehicle that still has that familiar punch and prowess SUV enthusiasts look for. The 2021 Volkswagen ID.4 configurations have been advanced and improved for more reliability on the roads…

  • Volkswagen Service Specials & Coupons

    Servicing your vehicle is of the utmost importance to the health of your vehicle. Depending on what your vehicle needs are, the cost of servicing your vehicle at our Egg Harbor Township service center can vary. But with our Volkswagen service coupons, you can save money and service your car’s needs with our team of expert technicians….

  • 2022 Volkswagen Taos Preview

    At Atlantic Volkswagen, we are eagerly awaiting the arrival of the new Volkswagen Taos. This exciting new addition to the Volkswagen lineup is already generating a lot of interest among Atlantic City drivers, and it is easy to see why. Under the hood of the new Taos is a turbocharged engine, and even the most discerning drivers…

Saved Vehicles


You don't have any saved vehicles!

Look for this link on your favorites:


Once you've saved some vehicles, you can view them here at any time.

Contact Us


Call Now

6820 Tilton Road • Egg Harbor Township, NJ 08234

Get Directions

Today's Hours:

Open Today! Sales: 9am-6pm

Open Today! Service: 7:30am-6pm

Open Today! Parts: 8am-5pm

Atlantic Volkswagen 39.3909588, -74.5577526.