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


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Answered 2012-07-02 23:59:22
GuessI 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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