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  2. Here's why car payments are so high right now - AOL

    www.aol.com/news/heres-why-car-payments-high...

    Here's why car payments are so high right now. Car payments have skyrocketed in recent years due to a combination of high prices and high interest rates. While some relief may come soon, industry ...

  3. Should You Wait To Buy a Car Until Interest Rates Fall? - AOL

    www.aol.com/finance/wait-buy-car-until-interest...

    In 2021, the average car loan rate was 4.09%, while the latest data from 2023 came in at 7.03%, according to consumer credit reporting agency Experian. During that period, the average monthly ...

  4. How to get the best auto loan rate

    www.aol.com/finance/best-auto-loan-rate...

    When comparing your loan options, be mindful of the interest rates, terms and fees quoted by each lender. The best way to finance a car is to get your credit score in the good to excellent range ...

  5. How to save on auto loans despite a high federal funds rate

    www.aol.com/finance/save-auto-loans-despite-high...

    How the Fed affects auto loans The Federal Open Market Committee sets the benchmark federal funds rate, which has a domino effect on auto loan rates.

  6. Average auto loan debt grew 5.2% in 2023. How will it affect ...

    www.aol.com/average-auto-loan-debt-grew...

    The average auto loan balance held by consumers in the United States increased 5.2% to $23,792 in 2023, according to Experian data.

  7. U.S. prime rate - Wikipedia

    en.wikipedia.org/wiki/U.S._Prime_Rate

    U.S. prime rate. The U.S. prime rate is in principle the interest rate at which a supermajority (3/4ths) of large banks loan money to their most creditworthy corporate clients. [1] As such, it serves as the de facto floor for private-sector lending, and is the baseline from which common "consumer" interest rates are set (e.g. credit card rates).

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