Should I get a fixed or variable interest rate on my car loan?

Fixed vs. Variable Interest Rate — Which is better for your car loan?

Fixed-rate loans = Steady, predictable payments (most common choice) 

Variable-rate loans = Can start lower, but may rise with market rates

✅ Most people choose fixed rates for peace of mind and easier budgeting.

 A variable rate might make sense if it’s much lower and you plan to pay off the loan quickly — but it comes with more risk.