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As with other types of loans, the overall cost of a car loan comes down to one major factor: the annual percentage rate. The APR includes both interest and lender fees, expressed as a percentage.
The average new car costs around $47,000, but auto loans and interest rates vary depending on where you live. For example, new trucks in California come with an average auto loan rate of 7.51% ...
Lenders use several factors to determine your interest rates and APRs, including: Credit score. Amount of money borrowed. Length of the loan. Down payment. Type of vehicle (new vs. used) In ...
State Average for All New Cars: Average auto loan rate: 7.10%. Average auto loan total cost: $47,273. Average auto loan monthly cost: $754. Find Out: These 10 Used Cars Will Last Longer Than an ...
State Average for All Used Cars. Average auto loan rate: 7.10%. Average auto loan total cost: $25,304. Average auto loan monthly cost: $404. For You: 5 Affordable Car Brands That Will Last Over 10 ...
In Alabama, the total and average cost of an auto loan for new cars is $47,427, while the monthly payment is $765 on average. A detailed look at the cost indicates that it will cost a truck ...
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