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Consumers halved auto loan interest rates in 2021 through refinance

Average auto loan interest rates fell by 7% in 2021

Amanda Harris

Auto refinance will likely see an uptick in 2022 as more consumers become aware of the option and vehicle prices remain inflated. Consumers were able to reduce their auto loan interest rates by an average of 7.1% in 2021 through refinance, the largest reduction since 2013, according to auto refinancing fintech RateGenius’ 2022 state of […]

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