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what is the highest interest rate a car dealer can charge on an auto loan in sc?

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โˆ™ 2009-07-19 15:04:40
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Q: What is the highest legal interest rate for a car loan?
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Related questions

What is the highest interest rate on a Direct Subsidized or unsubsidized loan?

From the first disbursement of the loan


What is the highest legal auto loan interest rate in Wisconsin?

The usury rate is 5% in Wisconsin but, unfortunately auto loans are exempt from the law Wis. Statutes 138.06


Who charges the highest on interest rate loans?

They are called loan sharks.


What is the maximum legal interest rate for a car loan in maryland?

24.99%


What is low interest loan?

The loan whose interest rate is low is called low interest loan. If you got a unsecured loan @ low interest rate then it would be low interest loan for you.


What is the highest interest rate can you be chargrd for a used motorcycle?

There is no legal limit.


What is a fixed rate mortgage?

A fixed rate mortgage is a loan with an interest rate that does not change over time. Whatever the interest rate is when the loan is taken out, will be the interest rate for the entire duration of the loan.


What type of loan have the lowest interest rate?

Typically, home loans have the lowest interest rate. Credit cards and Pay Day loans usually have the highest interest rates.


What is the average interest rate on a motorcycle loan?

The average interest rate on a motorcycle loan is 100000


What is the highest interest rate for personal loan in Delaware?

contact your State Attorney Generals office


What is the highest interest rate allowable on a private personal loan in Louisiana?

The law says 14%


What lender would most likely charge you the highest interest rate on your loan?

finance company


what is the maximum rate of interest permited by the state of TN on a new car loan.?

The rules are that the legal rate and judgment rate of interest is 10%. The general usury limit is 24%, or four points above the average prime loan rate, WHICHEVER IS LESS.


What is the minimum legal interest rate?

Interest rates change on a daily basis, so there is no legal interest rate. If you mean predatory lending then google this subject matter and speak to a professional about this situation. There is a max that a Mortgage Banker or Loan Officer can give you when it comes to interest rate quotes.


What is th highest interest rate on a personal loan?

Usury laws provide that interest rates charged on any loan may not exceed 25% As high as the lender wishes it to be.


What type of loan will have the highest interest rate?

Unsecured loans to high-risk creditors for dubious purposes.


What type of loan have the highest interest rate?

Unsecured loans to high-risk creditors for dubious purposes.


What are the average loan interest rates for a small business?

There are many variables that factor into the interest rate of a loan. For instance, the interest rate on a loan below $100,000 is actually higher than that on a loan over $100,000. Expect an interest rate between 7-9%.


Is a interest rate of 40 percent per month legal for a cash loan?

It's a very high interest rate but not illegal. A rate this high will give you an incentive to pay it back quickly.


What is the interest rate for a Unsubsidized student loan?

There isn't a set interest rate. Call your loan servicer for this information.


What is an example of an inexpensive loan and a medium price loan and a expensive loan?

An inexpensive loan is one with a 0.12 percent interest rate. A medium price loan would be about a 6.5 percent interest rate. Lastly, an expensive loan would be one with an interest rate of 15 percent or more.


What Is Fixed Rate Loan?

In a fixed interest rate loan the rate of interest around the loan billed through the bank is constant within the tenure from the loan. You need to choose a fixed interest rate only when you are feeling the interest rate prevailing on the market have touched very cheap and also the rates are only able to move upwards.


What is the highest allowable interest rate for used card in Iowa?

IOWA, the legal rate of interest is 10%. In general consumer transactions are governed at a maximum rate of 12%.


What is the term for a loan in which the interest rate does not change during the entire term of the loan?

a fixed rate loan.


What is meant by the phrase fixed rate mortgage?

A fixed rate mortgage means that the loan of money will have a predetermined interest rate which will not change for a period of time. The time and rate will be determined by the current market and generally the lowest rate will be for a short time. For example a 1 year fixed rate loan may have an interest rate of 4.19% where as a 3 year loan may have an interest rate of 5.01%. This differs from a floating rate loan where the interest rate can fluctuate over the time taken to pay the loan off.