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For first-time car buyers, one of the most daunting parts of negotiating a good deal right now is interest rates. The average auto loan rate for someone with excellent credit is 5.25%, according ...
Shopping around is the best way to compare your options. Here’s what to know.
Methodology: For this study, GOBankingRates analyzed each U.S. state to find the average auto loan rates. Using Edmunds.com’s APR Car Loan Rates from August 2024, the auto loan rates were found ...
Detroit (/ d ɪ ˈ t r ɔɪ t / ⓘ dih-TROYT, locally also / ˈ d iː t r ɔɪ t / DEE-troyt) [8] is the most populous city in the U.S. state of Michigan.It is the largest U.S. city on the Canadian border and the county seat of Wayne County.
The Federal Open Market Committee (FOMC) sets the benchmark rate, which impacts the rates auto lenders set. When the federal funds rate increases, financing a vehicle will likely be more expensive.
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