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2. Average Auto Loan Rate for a Used Car in All 50 States

   www.aol.com/finance/average-auto-loan-rate-used...

   Average APR for a used SUV: 6.78%. Average APR for a used truck: 7.22%. Average APR for a used electric vehicle: 4.94%. Average APR for a used sedan: 8.00%. State average APR for a used vehicle: 7 ...

3. Annual percentage rate - Wikipedia

   en.wikipedia.org/wiki/Annual_percentage_rate

   Annual percentage rate. Parts of total cost and effective APR for a 12-month, 5% monthly interest, $100 loan paid off in equally sized monthly payments. The term annual percentage rate of charge (APR), [1][2] corresponding sometimes to a nominal APR and sometimes to an effective APR (EAPR), [3] is the interest rate for a whole year (annualized ...

4. What Is APR? What You Need To Know - AOL

   www.aol.com/finance/apr-know-155222531.html

   LumiNola / Getty Images. The annual percentage rate, or APR, is an essential concept for anyone borrowing money to understand. It is the total rate of interest paid annually over the life of a ...

5. What Is the Average APR for a Car Loan? - AOL

   www.aol.com/news/average-apr-car-loan-165200757.html

   When you search "average APR for car loan" you'll be met with some statistics, but they mean nothing without an understanding of your own financial situation and how car loans work.

6. Car finance - Wikipedia

   en.wikipedia.org/wiki/Car_finance

   Dealer financing is an option automobile dealerships offer to customers purchasing a vehicle. It is a significant source of profit for dealerships, with estimates suggesting that 78 percent of all cars are financed through this method. However, dealer financing may not always be the most advantageous option for buyers.

7. Nominal interest rate - Wikipedia

   en.wikipedia.org/wiki/Nominal_interest_rate

   The nominal interest rate, also known as an annual percentage rate or APR, is the periodic interest rate multiplied by the number of periods per year. For example, a nominal annual interest rate of 12% based on monthly compounding means a 1% interest rate per month (compounded). [2] A nominal interest rate for compounding periods less than a ...