Overhaulin'

What is the interest rate on a car loan in California?

More specifically in Yuba, Sacramento, Elk Grove. I just want to know the "average". I plan to buy a $8,000 car on a 48 month loan with $1,500 as down payment. What would the interest rate be and about how much would the monthly payment amount to?

Public Comments

1. your interest rate is going to depend on your credit and not the state you live in.
2. The Interest rate is 100% dependent on you, your credit score and your debt ratio. It has nothing to do with where you live.
3. Why would the state you live in matter? It has nothing to do with anything you have in your question. It all depends on your credit. That being said, I think you're too stupid to have decent credit, so expect around 21%.
4. Interest rates will mostly depend on your credit score, but it can vary a bit by location and also by lender. If you have good credit and we know you are buying used, your rate could be 7% and under(depending on your credit). If you have average to bad credit it will go up from there, some states have a max, I don't know about CA.