The Determinants of Auto Loan Interest Rates in 2026: An Analysis of Market Trends and Borrower Profiles
: Averages typically hover around 11% , though they can exceed 14% depending on the specific lender and sales-weighting. 1.2. Impact of Credit Scoring car buying interest rates
Used car loans consistently carry higher interest rates than new car loans, largely due to the increased risk of depreciation and mechanical failure associated with older collateral. The Determinants of Auto Loan Interest Rates in