Auto loan criteria used in Bankrate surveys
36 month auto refinance
A $15,000 loan provided to a consumer with who has average income and a FICO score of 700 or higher for the refinance of an auto loan. There is no down payment.
36 month new car loan
A $28,000 loan provided to a consumer who has average income and a FICO score of 700 or higher for the purchase a new car. The required down payment is 10%.
36 month used car loan
A $15,000 loan provided to a consumer who has average income and a FICO score of 700 or higher for the purchase a used car. The required down payment is no more than 20% based on the NADA published value on a 3-year old vehicle based on the current model year.
48 month auto refinance
A $15,000 loan provided to a consumer with who has average income and a FICO score of 700 or higher for the refinance of an auto loan. There is no down payment.
48 month new car loan
A $28,000 loan provided to a consumer who has average income and a FICO score of 700 or higher for the purchase a new car. The required down payment is 10%.
48 month used car loan
A $15,000 loan provided to a consumer who has average income and a FICO score of 700 or higher for the purchase a used car. The required down payment is no more than 20% based on the NADA published value on a 3-year old vehicle based on the current model year
60 month auto refinance
A $15,000 loan provided to a consumer with who has average income and a FICO score of 700 or higher for the refinance of an auto loan. There is no down payment.
60 month new car loan
A $28,000 loan provided to a consumer who has average income and a FICO score of 700 or higher for the purchase a new car. The required down payment is 10%.
60 month used car loan
A $15,000 loan provided to a consumer who has average income and a FICO score of 700 or higher for the purchase a used car. The required down payment is no more than 20% based on the NADA published value on a 3-year old vehicle based on the current model year.
72 month new car loan
A $28,000 loan provided to a consumer who has average income and a FICO score of 700 or higher for the purchase a new car. The required down payment is 10%.