Best Used Car Interest Rates 2024 Ny. As you explore car financing options, it's important to weigh the variety of interest rates and terms available across multiple credit unions. Because of their assumed lower value and shorter lifespan, used cars typically carry higher interest rates.
The average new car loan rate now sits at 9.58% โ โthe highest weโve seen for more than 20 years.โ the average used car loan rate sits higher at 13.98%. In august 2024, automotive site edmunds.com listed the average car loan interest rate for july 2024 as 7.1% apr for new car loans and 11.4% apr for used car loans.
Best Used Car Interest Rates 2024 Ny Images References :
