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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 ...
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.
High rates for first-time car buyers. What to look for: SchoolsFirst Credit Union offers new and used auto loans from 36 to 84 months. APRs for new cars start at 6.19%, and APRs for used cars ...
When car prices skyrocketed in 2021, the average amount of a newly originated loan rose by 11%, followed by another 10% in 2022 to an average amount of nearly $24,000.
A new report from Edmunds says the used-car market is flourishing with vehicles “flying off dealer lots at record rates”—and a lot of those ... The average used car in the first quarter of ...
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.