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The average new car sold for $48,623 in October -- that's a lot of money, but Americans' average wages have gone up, too. ... Some of the best auto loans right now are offering 6% APR (or lower ...
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. state to find the average auto loan rates.
There is no way around the reality that cars have become a necessity for most Americans who need to drive to work, shuttle the kids to school or even use it for delivery purposes as a side gig....
But during the past few years of rising interest rates and rising vehicle prices, auto loans have gotten more expensive. As of June 2024, the average new car loan amount was $39,266 -- up from ...
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.
As with almost everything else, car payments became much more expensive in the last year, and 2024 isn't looking any better. Consumer Reports explained that the car market has become increasingly...
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