Recent market data indicates that "used cars finance rates" in the U.S. have crept up to an average of 7.2% APR, influencing automotive retail stock valuations. Analysts suggest higher borrowing costs could cool demand, impacting dealership earnings forecasts for Q3 This article originally appeared on Fort Myers News-Press: Hertz makes buying its used cars even easier for shoppers If the car has been driven before, you might need to talk to your lender about a used car loan. Lenders generally impose more restrictions on pre-owned auto loans. They might limit the age of the car and the number of miles driven.