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  2. Average auto loan debt grew 5.2% in 2023. How will it affect ...

    www.aol.com/average-auto-loan-debt-grew...

    The average auto loan balance held by consumers in the United States increased 5.2% to $23,792 in 2023, according to Experian data. ... What's in store for auto lending in 2024. Interest rates ...

  3. Bankrate’s Interest Rate Forecast for 2024: Mortgages, credit ...

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    Rate cuts from the Fed will take some of the edge off of the rising cost of financing a car. McBride expects five-year new car loans to hit 7 percent from their current 7.71 percent level, while ...

  4. As loan default rates remain steady, many young borrowers are ...

    www.aol.com/finance/loan-default-rates-remain...

    S&P Global asserts that due to the lack of rapid economic growth, the leveraged loan debt rate is expected to climb to a near-record-breaking 2.75 percent by June 2024.

  5. How to Get the Best Auto Loan Rates as a First-Time Car Buyer

    www.aol.com/best-auto-loan-rates-first-160019538...

    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 ...

  6. Fixed vs. variable interest rates: How these rate types work ...

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    Since credit card rates are generally higher than personal loan rates by default, the slight interest savings are worth it. ... Accessed June 25, 2024. Bank Prime Loan Rate, Federal Reserve Bank ...

  7. 6 common car loan mistakes that cost you money - AOL

    www.aol.com/finance/6-common-car-loan-mistakes...

    New auto loans had an average rate of 7.03 percent in the third quarter of 2023, according to data from Experian. People with excellent credit qualified for rates around 5.61 percent, while people ...

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