Used car finance the weighted average interest rate in

The weighted average interest rate in the "used car finance" space declined by 18 bps in the last quarter, as competitive pressure among lenders intensified. This could stimulate loan demand volume but may compress margins without careful cost control. Brady has worked as a brand ambassador for Hertz since 2021. He was first hired to market the company's electric cars. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every car loan list is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of loan products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best car loans for bad credit Recent auto auction data shows a 1.5% drop in average used vehicle prices, which could make "used car finance" loans more affordable to subprime segments, potentially boosting origination volumes in Q