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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 ...
The combination of these two factors led to auto buyers paying an average interest rate of 7.4% for new vehicles in Q3 of 2023 (up three percentage points since Q2) while the rate for 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 ...
Shopping around is the best way to compare your options. Here’s what to know.
According to the consumer financial website NerdWallet, the average auto-loan interest rate in the third quarter of 2023 was 7 percent for new cars and 11 percent for used cars.
The average new vehicle interest rate was 4.60 percent at the beginning of 2020, and by the end of 2021, 60-month auto loan rates had fallen to a 20-year low of just 3.85 percent.
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