Maximum rate on a vehicle that is 3 years old is 17%, and 19% if it is 4 years or older.
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An auto loan calculator can only calculate interest if you input the interest data. Otherwise, the calculator has no idea of knowing how much the interest is.
The rate in Florida varies based on year of car and term. The max on a new car is 16.78 older cars can be as high as 30%
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In the US, the maximum interest rate for loans other than those by certain types of banking institutions is set by the state; you'd need to specify what state the dealer is in for this question to be answered.
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Drivers in the state of Connecticut are required to carry the minimum limits of auto insurance liability at all times. Those limits are $20,000 maximum bodily injury for one person injured in an accident, $40,000 maximum for all injuries in an accident, $10,000 maximum property damage liability for one accident, and $20,000/$40,000 combined bodily injury maximum for one accident.
Connecticut is not a gun-friendly state, period. Your chances of being approved for an NFA tax stamp of any sort are virtually nil.
There is no federal law limiting auto loan interest rates. State regulations limit them. Most states have upper limits ranging from 8% maximum, to 20% or more. Shop different dealers or lenders for the lowest rate your credit rating will permit.
I called the Kia of Monroe, NC dealership (today) and was told that the highest rate is 22%.
The highest auto loan interest rates for individuals with bad credit vary by state and depend on several factors, including the lender and the borrower's specific credit profile. Generally, rates can range from around 10% to over 20% for those with poor credit. It's important to check with local lenders or online platforms to get the most accurate and current rates, as they can fluctuate frequently. Additionally, some states may have usury laws that cap interest rates, influencing the maximum rates available.
Auto loan interest payments are calculated using an amortization schedule.
No, Connecticut is not a no-fault auto insurance state. Instead, it follows a traditional fault-based system, meaning that the driver who is found to be at fault for an accident is responsible for covering the damages. However, Connecticut does have a limited form of no-fault insurance called "Personal Injury Protection" (PIP), which can help cover medical expenses and lost wages regardless of who caused the accident.
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