Interest Rates For Cars 2024

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Interest Rates For Cars 2024

Interest Rates For Cars 2024. In november 2024, automotive site edmunds.com listed the average car loan interest rate for october 2024 as 7% apr for new car loans and 11.1% apr for used car loans. It all comes down to.


Interest Rates For Cars 2024

Interest rates for both new and used vehicles have steadily increased since the pandemic began in 2020. The average auto loan interest rate for new cars in the second quarter of 2024 was 6.84 percent, while the average used car loan interest rate was 12.01 percent.

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