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2. 'A major roadblock': Car repossessions are up 23% in 2024 ...

   www.aol.com/finance/major-roadblock-car...

   The average interest rate for a new-vehicle loan was 7.3% in the second quarter of 2024, while the average monthly auto loan payment for a new car reached an all-time high of $740, according to ...

3. Bankrate’s Interest Rate Forecast for 2024: Mortgages, credit ...

   www.aol.com/finance/bankrate-interest-rate...

   30-year fixed-rate mortgage: 5.75%. Change: -1.15 percentage point. Highest since 2009. Mortgage rates ended 2023 with a cooldown almost as fast as the surge.

4. Best Credit Unions for Car Loans of 2024 - AOL

   www.aol.com/finance/best-credit-unions-car-loans...

   High rates for first-time car buyers. What to look for: SchoolsFirst Credit Union offers new and used auto loans from 36 to 84 months. APRs for new cars start at 6.19%, and APRs for used cars ...

5. Car finance - Wikipedia

   en.wikipedia.org/wiki/Car_finance

   The auto dealer then adds a markup to that rate, and presents the result to the customer as the "contract rate". [citation needed] These markups have been the focus of some regulatory scrutiny because they can cause variations in interest rates that are not correlated with credit risk. [3] Roughly half of new cars in the U.S. are financed by ...

6. How Much More You’re Paying on Your Mortgage, Car Loan and ...

   www.aol.com/much-more-paying-mortgage-car...

   In 2019, 60-month auto loan rates on new vehicles averaged about 4.7%. However, as of July 2024, rates were at 7.89%, an increase of 68%, according to Statistica. For a $25,000 car loan, the ...

7. How to get the best auto loan rate

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

   A good auto loan rate is generally any rate below the average for your credit profile. For drivers with excellent credit, the average rates are 5.07 percent for new cars and 7.09 percent for used ...