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Annual percentage rate of used car loans in selected U.S. states 2022, by type of car

Published by Statista Research Department, Oct 28, 2022
As of September 2022, the annual percentage rate (APR) for used sedans in the United States was higher than for any other type of car. Among the states included in this selection, Texas had the highest financing costs for SUVs, trucks, and sedans. Meanwhile, electric cars had the highest APR in New York. Generally, electric cars had a lower APR than other types of vehicles. The annual percentage rate is a measurement that provides information about the cost of borrowing, which, in contrast to the interest rates, also includes fees and other elements.

Annual percentage rate (APR) of 72-month loans for used cars in selected U.S. states as of September 2022, by type of car

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Release date

October 2022

Region

United States

Survey time period

September 2022

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Statistics on " Car financing and leasing in the United States "

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Statistics on Car financing and leasing in the United States

Car loans

7

Car leases

4

Interest rates

4

Payments & maturity

6

Risk and delinquency

6

Further related statistics

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Topics

Car financing and leasing in the U.S.Personal savings in the United StatesFinancial markets in the U.S.Commercial vehicles worldwideVehicles in use in the U.S.
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