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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 ...
The rate cut earlier this month by half a percentage point, or 50 basis points, will take time to trickle down to auto loan rates, which remain near decades-high levels of more than 9.61% for a ...
Automotive prices and loan interest rates remain high, due in part to inflation. According to Federal Reserve data , the annual percentage rate for 60- and 72-month auto loans from commercial ...
The Federal Reserve's decision Wednesday to raise its benchmark rate for the 11th time, by a quarter-point, could once again send ripple effects across the economy. Mortgage rates, which have ...
Unfortunately, he was roped into a two-for-one deal by the car dealers, which meant he took out an additional $11,704 loan to buy himself a 2016 Ford Focus, with a shocking interest rate of 24.39% ...
How much are drivers spending? Drivers financing used cars pay an average of $533 each month, and those financing new ones paid $726 each month, according to Experian. “We’re seeing average ...
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