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