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2. How to get the best auto loan rate

   www.aol.com/finance/best-auto-loan-rate...

   Credit score. Average interest rate for new car loans. Average interest rate for used car loans. 781 to 850. 5.61%. 7.43%. 661 to 780. 6.88%. 9.33%. 601 to 660

3. How to calculate interest on a car loan - AOL

   www.aol.com/finance/calculate-interest-car-loan...

   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.

4. How to save on auto loans despite a high federal funds rate

   www.aol.com/finance/save-auto-loans-despite-high...

   How much are drivers spending? Drivers financing used cars pay an average of $533 each month, and those financing new ones paid $726 each month, according to Experian. “We’re seeing average ...

5. Car finance - Wikipedia

   en.wikipedia.org/wiki/Car_finance

   Car purchases. The most common method of buying a car in the United States is borrowing the money and then paying it off in installments. Over 85% of new cars and half of used cars are financed (as opposed to being paid for in a lump sum with cash). [ 2] Roughly 30% of new vehicles during the same time period were leased.

6. What is the Average Car Loan Interest Rate? - AOL

   www.aol.com/average-car-loan-interest-rate...

   The average interest rate for auto loans on new cars in 2022 is 4.07%. The average interest rate on loans for used cars is 8.62%. If you have a high credit score, you can expect your interest rate ...

7. Should You Wait To Buy a Car Until Interest Rates Fall? - AOL

   www.aol.com/finance/wait-buy-car-until-interest...

   In 2021, the average car loan rate was 4.09%, while the latest data from 2023 came in at 7.03%, according to consumer credit reporting agency Experian. During that period, the average monthly ...