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Second Quarter 2013 Automotive Finance Stats

Car Financing Stats - Strong Automotive

More news from Experian.com shows the following averages:

  • Financed for new vehicles = $26,526
  • Financed for used vehicles = $17,913
  • Interest rate for new vehicles = 4.4%
  • Interest rate for used vehicles = 8.5%
  • Monthly payment for new vehicles = $457
  • Monthly payment for used vehicles = $351

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by John Paul Strong

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John Paul Strong

John Paul Strong combines his two decades of automotive marketing experience with a team of more than 150 professionals as owner and CEO of Strong Automotive.

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