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The average new car sold for $48,623 in October -- that's a lot of money, but Americans' average wages have gone up, too. ... Some of the best auto loans right now are offering 6% APR (or lower ...
Average APR for a used sedan: 10.83% State average APR for a used vehicle: 10.62% Methodology: For this study, GOBankingRates analyzed each U.S. state to find the average auto loan rates.
In addition to sales tax (average of 10.12% in 2020, though it varies by state), be prepared to pay interest on your car loan. Right now, the average car loan interest rate (also referred to as ...
But during the past few years of rising interest rates and rising vehicle prices, auto loans have gotten more expensive. As of June 2024, the average new car loan amount was $39,266 -- up from ...
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Average car loan interest rates impact the auto loan you qualify for, and understanding auto loan interest and your credit score can help you make a smart buy.
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