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Using Edmunds.com’s APR Car Loan Rates from August 2024, the auto loan rates were found for SUVs, trucks, electric cars and sedans, as well as state averages. All data was collected on and is up ...
Purchasing a used car is usually cheaper than buying a new one. If you finance the vehicle, you'll generally pay less per month, and it won't depreciate as quickly as a new car fresh off the ...
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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 ...
Meanwhile, the average auto loan interest rate is 6.84% for new cars, ... Meanwhile, Edmunds reports that 4.2% of drivers are paying more than $1,000 in monthly car payments.
Shopping around is the best way to compare your options. Here’s what to know.
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