Simple Down Payment Calculator
To calculate the down payment needed enter the amount financed, interest rate, loan term, and desired payment.
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National Average Interest Rates Base on Credit Score
For your reference listed below are national average interest rates for new and used cars and maximum loan terms based on credit score. Values are updates quarterly. Check Your Credit Score.
| Rating | Score | *New Rate | Used Rate | Max Term |
|---|---|---|---|---|
| Great Credit | 781-850 | 5.61% | 7.43% | 75 |
| Good Credit | 661-780 | 6.88% | 9.33% | 75 |
| Fair Credit | 601-660 | 9.29% | 13.53% | 72 |
| Poor Credit | 501-600 | 11.86% | 18.39% | 72 |
| Bad Credit | 300-500 | 14.17% | 21.18% | 72 |
| No Score | 0 | 19.95% | 25% | 72 |