Finance Insurance

More new-vehicle buyers finance at rates higher than 10%

The average interest rate on new-vehicle loans in March rose 70 basis points year over year to 6.36 percent, its highest level in a decade, Edmunds said. The average new-vehicle transaction price last month increased 5.5 percent, or $1,911, to $36,534. (DAVID PHILLIPS)
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By:
Jackie Charniga
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By:
jcharniga@crain.com
April 03, 2019 04:13 PM

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