What Are Used Car Interest Rates 2024. It offers rates for used car loans as low as 6.49%, and another one of our picks, openroad lending, offers refinance rates as low as 1.99%. Best for an easy buying experience:


What Are Used Car Interest Rates 2024

According to statistics canada, the average car loan interest rate has increased from 3.76% in july 2016 to 7.79% in april 2024—an increase of 4.03 percentage points in 8 years. Experian also provides average car loan aprs by.

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