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How Do Interest Rates on New vs Used Car Loans Compare Right Now?

Submitted by anonymous » Wed 17-Dec-2025, 22:40

Subject Area: General

2 member ratings

Hey everyone, wondering how interest rates stack up these days for new cars versus used ones? My old hatchback finally gave up on me last month after a long road trip – poured a ton of cash into repairs, but it was time to let go. Now I'm eyeing either a brand-new compact SUV or something reliable with a few years on it to save some upfront. Anyone know the rough difference in loan rates right now, like is it still worth going new for potentially lower interest, or does used come out ahead overall with the cheaper purchase price?

2 Comments 

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RE: How Do Interest Rates on New vs Used Car Loans Compare Right Now?

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By Roe » Wed 17-Dec-2025, 23:01, My rating: ✭ ✭ ✭ ✭ ✭

Rates seem to hover in that mid-to-high single digits lately, depending on whether the car's fresh off the lot or has some miles. I've noticed more folks leaning toward used ones these days, probably because the price gap feels bigger with everything costing more, and you can often find low-kilometer ex-demo models that feel practically new without the premium tag.

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