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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 electric vehicle: N/A. 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 ...

  3. What is the Average Car Loan Interest Rate? - AOL

    www.aol.com/average-car-loan-interest-rate...

    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.

  4. Average auto loan debt grew 5.2% in 2023. How will it affect ...

    www.aol.com/average-auto-loan-debt-grew...

    The average auto loan balance held by consumers in the United States increased 5.2% to $23,792 in 2023, according to Experian data. ... What's in store for auto lending in 2024. Interest rates ...

  5. 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). 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. Indirect financing is arranged by the car dealership where the car is purchased.

  6. 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.

  7. How Much an Auto Loan Will Cost You for a Used Car in These ...

    www.aol.com/finance/much-auto-loan-cost-used...

    If you finance the vehicle, you'll generally pay less per month, and it won't depreciate as quickly as a new car fresh off the dealer's... How Much an Auto Loan Will Cost You for a Used Car in ...

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