Car loans are affordable right now. The average 48-month new-car loan rate is currently at 4.08 percent. And all three lenders in this survey are offering rates below that average. Use our tools to shop for auto loan rates in Newark, NJ.

One lender in this survey recently has been offering 1.99 percent. But to get the best rates, it’s important to correct errors on your credit report before you shop for a loan. Fixing errors on your report may give your score a bump, and lenders tend to offer the best deals to those with good credit.

Our tools can help you compare auto loan rates in Newark, NJ, and in other areas of New Jersey.

Auto loan rates in Newark, New Jersey

Here are the auto loan rates in Newark, NJ, as of 10 a.m. on Friday. The 48-month new-car loan rates vary from 1.99 percent to 2.24 percent.

Lender Product Rate
LightStream 48-month new car 2.19%
Bank of America, N.A. 48-month new car 2.24%
PenFed 48-month new car 1.99%

Use our auto loan calculator to check your monthly car payment.