Auto Loans Creeping Up
Written by admin on March 16th, 2010After remaining low for much of 2009, the average interest rate on new-car loans at auto finance companies crept up to 3.94 percent in January of this year, according to the Federal Reserve. This is the highest level this figure has stood at since the first quarter of 2009 when the percentage came in at 4.71 percent. For December, this figure was 3.26 percent and it stood at 3.73 percent in November.
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