Interest Rates Dip on New Car Finance

By Staff Writer December 03, 2018

Interest rates for new vehicles dipped slightly in November, according to Edmunds.

The annual percentage rate (APR) on new financed vehicles averaged 6 percent in November, compared to 6.2 percent in October. Edmunds experts say that this month-over-month dip can be attributed to a bump in zero percent finance deals from automakers in November.

Despite this month-over-month uptick in zero percent finance loans, Edmunds data shows that zero percent finance deals dropped to 5.5 percent, their lowest November level since 2005.

Last modified on Tuesday, 04 December 2018 19:12