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  2. Average Auto Loan Rate for a Used Car in All 50 States

    www.aol.com/finance/average-auto-loan-rate-used...

    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. ... Cars for High-Mileage Adventures ...

  3. How Much an Auto Loan Will Cost You for a Used Car in These ...

    www.aol.com/much-auto-loan-cost-used-110244575.html

    If you plan on buying a used car in the Midwest, you can expect to save some money compared to buying a new vehicle. And since new cars depreciate the most in the first years after leaving the lot ...

  4. Average length of a car loan nears 70 months - AOL

    www.aol.com/average-length-car-loan-nears...

    More than 70% of used car loan terms are 61 months or more, up slightly from 69.85% in Q2 2023. ... Consider the following comparison of total purchase costs for a new vehicle, based on a 6.84% ...

  5. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    The borrower then pays off the financial institution the same as for a direct loan. [citation needed] Typically, the indirect auto lender will set an interest rate, known as the "buy rate". The auto dealer then adds a markup to that rate, and presents the result to the customer as the "contract rate".

  6. Used car - Wikipedia

    en.wikipedia.org/wiki/Used_car

    A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.

  7. Economics of car use - Wikipedia

    en.wikipedia.org/wiki/Economics_of_car_use

    According to the RAC [3] motorists in the UK spend an average of GBP 5,000 (US$ 9,000) per year on their car, or roughly 1/3 of the average net wage; while the RACV suggests [4] roughly AUD $10,000 per year, compared to AUD $26,000 median income among all Australian adults or AUD $66,000 median income among all Australian households. [5]

  8. Buying a Used Car: The Best Age and Mileage To Get ... - AOL

    www.aol.com/finance/buying-used-car-best-age...

    Ford, Chevrolet, Toyota, Honda and Nissan were the top five used car brands purchased in March 2024, accounting for 49% of all used cars sold at an average price of $23,089. This was 9% below the ...

  9. Passenger vehicles in the United States - Wikipedia

    en.wikipedia.org/wiki/Passenger_vehicles_in_the...

    The United States Department of Transportation's Federal Highway Administration as well as the National Automobile Dealers Association have published data in regard to the total number of vehicles, growth trends, and ratios between licensed drivers, the general population, and the increasing number of vehicles on American roads.