What's a "normal" amount for an interest rate for an auto loan?

I've seen advertisements as low as 6%, but the few I've actually applied for offer me around 13%. I guess the advertisements are to suck you in. So what should I be looking for?

What's a "normal" amount for an interest rate for an auto loan?
I would think between 6 and 8% should be a normal car loan rate. Check bankrate.com to get a ball park number. Then check your local newspaper to see what your local banks advertise their rates. It's a lot of work to find a bank that won't cheat you with a bait and switch deal on car financing. Take a friend with you when you apply for a car loan. It's a lot easier to keep a clear head when there are two of you instead of just one. Banks and finance companies are in the business to make money - anyway they can!
Reply:Your Credit Score determines what interest rate you pay. Try going to www.capitalone.com and getting pre-approved for an auto loan. If you get approved they will send you a blank check that you take to the auto dealer and negotiate with them the rate. My parents did this and got a much better rate through the dealer because they had a check in hand from capital one.
Reply:Those advertisements are for people with good credit. It all depends on your credit with what interest rate you get for a car. There really isn't a "normal" rate. Really is just how great your credit is.
Reply:Depends on the country and your credit rating. Keep asking for a better rate.


Peace.
Reply:anywhere between 10 and 21% depending on your credit