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Car loans Car leases Payments & maturity Interest rates Risk and delinquencyThe most important statistics Composition of household credit in the U.S. 2003-2024, by type of lending Total car loan balances in the U.S. 2006-2024 Share of used and new U.S. vehicles with financing 2022-2024 ...
Better interest rates: With a new car purchase, you are also more likely to get a better auto loan rate than you would with a used car purchase, often by a few percentage points. Reliability: You won’t have to contend with any potential hidden mechanical problems when you buy new. Pl...
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