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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...

   Average APR for a used SUV: 11.19%. Average APR for a used truck: 10.00%. Average APR for a used electric vehicle: N/A. Average APR for a used sedan: 10.83%. State average APR for a used vehicle ...

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

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

   The average car loan term is 68.48 months for a new car and 67.41 months for a used car, ... based on a 6.84% interest rate (the average for Q2 2024, according to Experian data), a $47,000 ...

4. The Average Used Car Payment Is $200 Less Than a New Car ...

   www.aol.com/average-used-car-payment-200...

   The average rate of return for the stock market is 15.44% in 2024, so if you saved $200 per month for six years with that return, the average length of a used car loan, you could have a portfolio ...

5. Car prices and interest rates down, but monthly ... - AOL

   www.aol.com/car-prices-interest-rates-down...

   The average annual percentage rate on a new car loan in 2019 was 5.1%. Today it’s 6.4%, Jominy said. "Usually it’s $7 per every $500 borrowed," Jominy said.

6. This 36-year-old is paying off a $66K loan on a $49K Ford ...

   www.aol.com/finance/36-old-paying-off-66k...

   Negative equity and today’s auto market. ... At 72 months, the new car loan interest rate was at 8.67% in Q4 2023, the Fed reports. ... the average price for a new car was $48,759, ...

7. 4 charts that show how interest rates impact used car ... - AOL

   www.aol.com/news/4-charts-show-interest-rates...

   Interest rates play a crucial role in shaping the true cost of a used car. The more expensive the car, and the higher the rate, the more expensive the monthly payment will be.