Big Wheels: New-, used-vehicle loan rates rise year over year
Rates idled sequentially so far in August
Loan interest rates on new and used vehicles were unchanged sequentially so far in August but remained higher than rates reported a year ago. For new vehicles, the national average interest rate on a 60-month car loan idled at 7.96% as of Aug. 5, unchanged sequentially but up 10 basis points (bps) year over year, […]
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