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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 ...
Since 2020, the average car loan payment has grown by more than $100 to $644, average monthly credit card payments due have increased $50 to $202 and average monthly mortgage payments have ...
The good news is that with lower interest rates, auto loan holders with good credit have the opportunity to refinance their loans to bring down these payment amounts.
McBride expects five-year new car loans to hit 7 percent from their current 7.71 percent level, while four-year used car loans could creep lower to 7.5 percent from 8.29 percent.
Average auto loan balance grows 5.2%. Average outstanding auto loan debt balances increased by 5.2% to $23,792 from Q3 2022 to Q3 2023—less than the 7.7% increase from 2021 to 2022, but still ...
The current average credit card APR is 24.37%, according to LendingTree data — the highest rate since the firm began tracking rates in 2019. According to data from credit agency Transunion, the ...
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