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Is it time to get rid of that old car? It's always a wise financial decision to pay cash when purchasing a new vehicle; but if you're looking to finance, now is a great time to be in the market. The national average for a 60-month new-car loan is 6.18 percent this week, and many lenders are now offering auto loan rates lower than the national average. Search for auto loan rates in Newark, NJ, to find a great rate today.
Rates can vary greatly according to the lender, but auto loan rates in Newark, NJ, remain fairly low. Shop around thoroughly for the best rates available to save money on financing. Check out Bankrate.com for more information on rates in your area of New Jersey.
Auto loan rates in Newark, NJ
Here are the auto loan rates as of 2 p.m. in Newark, NJ. The 60-month new car loan rates vary from 2.89 percent to 8.98 percent.
| Lenders | Product | Rates |
| PNC Bank | 60-mo. new car | 3.75% |
| Bank of America | 60-mo. new car | 2.89% |
| Wachovia Bank | 60-mo. new car | 8.98% |
Use Bankrate's auto loan calculator to check your monthly car payment.
