Zero-Percent Deals at Lowest Point Since 2005

By Staff Writer January 04, 2019

Interest rates for new vehicles dipped slightly for a second consecutive month in December, according to Edmunds.

The annual percentage rate (APR) on new financed vehicles averaged 5.9 percent in December, compared to 6 percent in November and 6.2 percent in October. According to Edmunds data, 14 percent of buyers received rates below a 2 percent APR, compared to 12 percent of buyers receiving the same rates in November.

According to Edmunds data, zero-percent finance loans remained flat month-over-month but, at 5.5 percent, hit their lowest December level since 2005.

Last modified on Friday, 04 January 2019 03:01

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