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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...

   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 ...

3. 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]

4. 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.

5. How to get a car loan with bad credit - AOL

   www.aol.com/finance/car-loan-bad-credit...

   You can still get a car loan with subpar credit without ... can expect an average rate of 11.86 percent for new cars and 18.39 percent for used cars. ... Near Prime: 601 to 660. 9.29%. 13.53%.

6. Car finance - Wikipedia

   en.wikipedia.org/wiki/Car_finance

   Over 85% of new cars and half of used cars are financed (as opposed to being paid for in a lump sum with cash). [2] Roughly 30% of new vehicles during the same time period were leased. [2] There are two primary methods of borrowing money to buy a car: direct and indirect. A direct loan is one that the borrower arranges with a lender directly.

7. Should You Wait To Buy a Car Until Interest Rates Fall? - AOL

   www.aol.com/finance/wait-buy-car-until-interest...

   In 2021, the average car loan rate was 4.09%, while the latest data from 2023 came in at 7.03%, according to consumer credit reporting agency Experian. During that period, the average monthly ...