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60-month loan rates tick down while lenders hold steady

Average 60-month new loan APR sits at 8%

Riley Wolfbauer

The average interest rate for a 60-month loan for a new vehicle and a 1-year-old used vehicle has ticked down since December while some lenders try to keep rates consistent to serve their client base.   The national average interest rate on a new vehicle, current model year, 60-month auto loan came in at 8.03% […]

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