Car Buying
Personal Finance
Money Management

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

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Wiki User
2012-07-02 23:59:22

"Guess" id="Guess">Guess

I don't think there is a maximum because i know a guy whose paid

28% interest.

Each state has a maximum legal interest rate on loans, also

known as a usury limit. You can google it and you will find

websites that give you a list of states and will further explain it

to you. Hope this helps!

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