WebMar 9, 2024 · While new-car drivers will spend roughly $1,650 that year on car insurance premiums, you could save 12% on insurance premiums if you buy a five-year-old version … WebSep 6, 2024 · On average, the monthly payment for a new car in 2024 is $667; the average used-car monthly payment is $515, according to Experian’s State of the …
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Should I Pay Cash or Finance My Next Car? - RateGenius
WebDec 7, 2024 · New vs. used cars: Nine factors to consider. 1. Price and depreciation. If budget is your biggest concern, you’re better off looking at pre-owned cars. They’re … WebApr 6, 2024 · Average Used Auto Loan Rate for Excellent Credit. Credit Score. Interest Rate. 750 or higher. 11.44%. Borrowers with top-notch credit get the lowest used car financing rates, on average. Consumers with credit scores 750 points or higher are considered to have excellent credit. WebMar 26, 2024 · Pros of Buying a Car With an Auto Loan More affordable: Auto loans are simply cheaper. If you took out a five-year, $25,000 loan using the interest rate from above, you’d pay $56 less per... moffat transport