Who Has the Best Car Loan Rates?

Car Loan

Are you looking for a new or used car in Chicago and wondering, “Who has the best car loan rates?” or “What is the current interest rate for car loans?” Look no further! At Sutton Ford, we understand that securing the most favorable financing terms is essential when purchasing a vehicle. That’s why we strive to offer competitive rates and exceptional service to help you make the most informed decision possible.

What Is the Current Interest Rate for Car Loans?

So what is the current interest rate for car loans? The current interest rate for car loans can vary depending on several factors, including your credit score, the loan term, and the lender you choose. However, on average, interest rates for car loans range from 2.99% to 5.99% for new cars and 3.99% to 7.99% for used cars. It’s important to note that these rates are subject to change and may vary based on individual circumstances.

What is a Good Car Loan Rate?

A good car loan rate is lower than the average interest rate for car loans. Typically, if you can secure a rate lower than the average, you’ll save money over the life of your loan. It’s important to shop around New Lenox and compare rates from different lenders to find the best deal. Researching and negotiating with lenders can increase your chances of obtaining a good car loan rate.

Who Has the Best Car Loan Rates?

Exploring various lenders and financial institutions is essential when finding the best car loan rates. Here are a few options to consider:

  • Local banks and credit unions: These institutions in Hammond offer their members competitive rates and personalized service.
  • Online lenders: Many online lenders specialize in auto loans and may offer attractive rates and flexible terms.
  • Dealership financing: While dealership financing may be convenient, comparing their rates with other lenders is important to ensure you get the best deal.
  • Peer-to-peer lending platforms: These connect borrowers with individual investors, often offering competitive rates and flexible terms.

Remember, your best car loan rates depend on your unique financial situation. It’s crucial to compare rates, terms, and conditions from different lenders to find the option that best suits your needs.

Apply for a Loan at Sutton Ford

Take the first step towards owning your dream car with the best car loan rates. Contact Sutton Ford today or visit our website to explore our financing options and get started on your car-buying journey in Matteson. Our experienced team is ready to assist you every step of the way!


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New/Used vehicle pricing includes all offers and incentives. Tax, Title, Tags, documentation fee of $358.03, and additional accessories not included in vehicle prices shown and must be paid by the purchaser. While great effort is made to ensure the accuracy of the information on this site, errors do occur, so please verify information with a customer service rep. This is quickly done by calling us at 708-621-5990 or visiting us at the dealership. **With approved credit. Terms may vary. Any monthly payments listed are only estimates derived from the vehicle price with a 72-month term, 5.9% interest, and a 20% down payment.

Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, and license charges. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week. MSRP may not represent the actual price at which vehicles are sold in this trade area.


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21315 Central Avenue, Matteson, IL, 60443
Sutton Ford 41.503201, -087.751413.