Used-vehicle loan rates fall 32 basis points (Big Wheels)
West, Northwest regions see drop of over 60 bps for used
National average loan rates for new and used vehicles continued to decline in June even as the federal benchmark remained steady. The national average interest rate on a 60-month loan for used cars was 7.74% as of June 17, down 32 basis points (bps) compared with June 7, 2024, according to the latest data provided […]
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