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auto loan rate changesCNBC
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87% Informative
Federal Reserve's decision to cut interest rates for the first time in more than four years is expected to boost new vehicle sales.
Auto loan rates remain near decades -high levels of more than 9.61% for a new vehicle and nearly 14% for used car or truck.
The biggest near-term improvement in auto loan rates isn't expected until early next year , Cox Automotive says.
VR Score
92
Informative language
94
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65
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English
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