Edmunds: Average Car Loan Interest Rate at Record Low


BusinessWire - April 13, 2010

Edmunds.com says aver­age auto finance rate dropped to 4.4% in March, the low­est since 2002 when the com­pa­ny start­ed track­ing num­bers. A year ago the aver­age was 5.8%. Toy­ota offered the low­est at 1.9% while Kia had the high­est at 7.1%. In oth­er trends, Mer­cedes-Benz buy­ers financed the high­est aver­age dol­lar amount at $40,737.