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The average new vehicle interest rate was 4.60 percent at the beginning of 2020, and by the end of 2021, 60-month auto loan rates had fallen to a 20-year low of just 3.85 percent. While we can ...
New Cars With Monthly Payments of $400 or Less. Unless otherwise stated, this table assumes a 6.84% interest rate (avg. for new cars) and a 60-month loan.
The latest Experian State of the Auto Finance Market report found the average term for new car loans—the number of months it takes to pay off loans on new cars—rose to 68.48 months in the ...
In 2019, 60-month auto loan rates on new vehicles averaged about 4.7%. However, as of July 2024, rates were at 7.89%, an increase of 68%, according to Statistica. For a $25,000 car loan, the ...
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 to ...
The rate cut earlier this month by half a percentage point, or 50 basis points, will take time to trickle down to auto loan rates, which remain near decades-high levels of more than 9.61% for a ...
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