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Illinois. Average APR for a used SUV: 11.54%. Average APR for a used truck: 10.40%. ... Using Edmunds.com’s APR Car Loan Rates from August 2024, the auto loan rates were found for SUVs, trucks ...
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 ...
A $25,000 car loan financed over five years at a 4 percent interest rate requires a monthly payment of $460. ... Check current auto loan rates and make sure interest-free won’t end up costing ...
The average auto loan balance held by consumers in the United States increased 5.2% to $23,792 in 2023, according to Experian data. ... Sharply higher rates for both new and used car loans.
For instance, by 2014 the average length of a new auto loan had reached 66 months, and the average amount financed for a new vehicle is $27,612, up $964 from 2013. [4] The longer the term of a loan and the higher the amount financed, the more likely it is that a borrower will be in a negative-equity, or “upside-down,” situation.
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