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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...

   See how the average used car loan rates in your state compare. Check Out: These 10 Used Cars Will Last Longer Than an Average New Vehicle. See Next: 9 Easy Ways To Grow Your Wealth in 2024.

3. 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. "So if we see a $2,000 transaction ...

4. How to Get the Best Auto Loan Rates as a First-Time Car Buyer

   www.aol.com/best-auto-loan-rates-first-160019538...

   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 ...

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. How to calculate interest on a car loan - AOL

   www.aol.com/finance/calculate-interest-car-loan...

   As with other types of loans, the overall cost of a car loan comes down to one major factor: the annual percentage rate. The APR includes both interest and lender fees, expressed as a percentage.

7. Buy here, pay here - Wikipedia

   en.wikipedia.org/wiki/Buy_here,_pay_here

   In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]