Compare Interest Rates for Car Loans in Norman, OK

With myAutoloan, you can compare up to four lenders in minutes! It's easy to find and compare the best auto loan rates in Norman, OK, whether you're buying a used or new vehicle or refinancing an existing loan. Apply now to see today's lowest rates!

Three things to know…

Today's Interest Rates

  • Check out today's lowest rates for all loan types.

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Your Estimated Rate

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Your Payment

  • Now that you know your interest rate, see how much you could afford.

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More Information

What Determines Your Auto Loan Rate in Norman, OK?

A handful of factors impact your Oklahoma auto loan interest rate, Including your credit score, your income, the amount of the loan, the down payment, your loan's term (the length of the loan), and the car's age. A poor credit score, low income, or buying an older vehicle from a dealer in Norman could lead to a higher interest rate. But what's so bad about a high interest rate? The higher your interest rate gets, the higher your monthly bill is and the more you spend over the life of your loan. Just one or two percent more could mean you spend hundreds more on interest.

Is There a Way to Lower My Norman Car Loan Rate?

Using tools like our Interest Rate Estimator can help you get a feel for what your rate might look like before having to apply for a car loan in Norman, OK. If you've put in your information and are unhappy with the percentage you see, what can be done to lower it?

The loan term is one aspect you can change on your own. Most auto loans in Norman have terms in 12-month increments between 24 months (2 years) and 84 months (7 years). Many borrowers take longer terms because they usually mean a lower monthly payment. But longer terms are also likely to come with higher interest rates. If you can handle a higher monthly payment, choosing a shorter term is a good move. The Auto Payment Calculator estimates what your monthly payment could be based on different interest rates and terms to help you figure out what you might be able to afford.

If your credit is far from great, improving your score could help lower your interest rate. Use our Guide to Better Credit for Auto Financing to better understand what determines your credit score and which steps you can take today to bring it up quickly. It may take some effort and time to increase your credit score, but it'll be worth it once you see those lower Oklahoma auto loan rates.

Waiting to find the right lender can also help you achieve a lower rate. While lenders will use the same information, you won't see the same interest rate from each one. You need to shop around and compare offers to find the best auto loan rate in Norman, OK — even if you don't have the highest income or best credit. You shouldn't go with the first offer you receive because there might be a better one just around the corner. Plus, some lenders leave room for negotiation, so you can take your offer from one lender to another to see if they're willing to give an even lower rate.

See the Best Auto Loan Rates in Norman, OK with myAutoloan

myAutoloan wants to help you find the lowest auto loan rates in Norman, OK regardless of what type of vehicle you're buying or your credit score. We'll present you with up to four loans at once so you can find the right deal. Fill out our simple and secure online application, select the best loan for you, and visit your Norman dealer to purchase a new car. Apply now to see today's lowest interest rates!

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