New-model APR sinks to lowest point of year, coinciding with Fed action
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Thursday, Aug. 1, 2019, 07:53 PM
SubPrime Auto Finance News Staff
CARY, N.C. -
Perhaps it’s just happenstance that Edmunds spotted the average interest rate for new-vehicle financing softening to its lowest level of the year in the same timeframe as the Federal Reserve making its first interest-rate cut in 11 years. Edmunds reported on Thursday that the average APR on new models financed during July declined for the […]