Keyword Analysis & Research: hdfc car loan interest rate for used cars


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Frequently Asked Questions

What is the current interest rate for automobile loans?

The average auto loan rate for new cars bought with subprime loans in Q4 of 2019 was 11.51%, and average loan rates for all used cars bought from independent dealers stood at 18.47% for the same period, according to Experian’s State of the Automotive Finance Market.

What is the average interest rate on a new car?

The average new car's interest rate in 2021 is 4.09% and 8.66% for used, according to Experian. Credit score, whether the car is new or used, and loan term largely determine interest rates.


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