Big Wheels: New-, used-vehicle loan rates rise more than 50 bps
Average rates landed at or above 8%
Auto loan interest rates on new and used vehicles inched down sequentially in May but remained higher than rates reported a year ago. For new vehicles, the national average interest rate on a 60-month car loan fell 1 basis point (bps) sequentially to 8% as of May 28, according to data provider Curinos. The average […]
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