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In Maryland, the average APR for a used car loan is 7.10%, while in Mississippi, it’s 13.40%. See how the average used car loan rates in your state compare. Check Out: These 10 Used Cars Will ...
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 ...
Average car loan interest rates impact the auto loan you qualify for, and understanding auto loan interest and your credit score can help you make a smart buy.
Factors that determine car loan interest rates. ... According to Experian data, the average rate for someone with excellent credit buying a new car was 5.61 percent in 2023. People with bad credit ...
A good auto loan rate is generally any rate below the average for your credit profile. For drivers with excellent credit, the average rates are 5.07 percent for new cars and 7.09 percent for used ...
The average annual percentage rate on a new car loan in 2019 was 5.1%. Today it’s 6.4%, Jominy said. "Usually, it’s $7 per every $500 borrowed," Jominy said.
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