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

Anonymous

∙ 13y ago

Updated: 10/25/2022

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!

Wiki User

∙ 13y ago

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