What Are Used Car Interest Rates 2025 Uk. Used Car Interest Rate 2025 Aurora Bernita Getting a great deal on your used car loan interest rate is an excellent way to save money For comparison, the average rate was 9.38% in Q3 2022, compared with the current average of 11.74% as of Q3 2024
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According to Edmunds, the average new vehicle loan rate dropped to 6.6% in December 2024, down from a high of 7.6% in October 2023 What to know first: The current auto loan annual percentage rate (APR) ranges from about 4 percent to 30 percent
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According to Cox Automotive's 2025 auto loan rate forecast, while recent interest rate cuts are a positive step, it could be months before there's a noticeable decrease in auto loan rates. Average car loan rates are expected to decline below 6% for new car loans and 10% for used car loans by late 2025 Used car loan interest rates have increased over the past couple of years
J.D. Power Used Vehicle Average Interest Rate, 1280x720, Manzi economic outlook blog post, jpg. According to Cox Automotive's 2025 auto loan rate forecast, while recent interest rate cuts are a positive step, it could be months before there's a noticeable decrease in auto loan rates. According to Edmunds, the average new vehicle loan rate dropped to 6.6% in December 2024, down from a high of 7.6% in October 2023
Lowest Car Interest Rates 2025 Benicio Jameson. Used-vehicle loan rates also declined, falling to 10.8% from 11.9% earlier. In March 2025, automotive site Edmunds.com listed the average car loan interest rate for February 2025 as 7.2% APR for new car loans and 11.3% APR for used car loans.