2 Comments

1. Joey says:
   May 6, 2010 at 2:20 am

   I think that depends on the State in which you get the loan but generally around 20%-ish.
2. Dan B says:
   May 6, 2010 at 2:41 am

   I had a tough time locating any answer. Not much luck. I did find a site that said Texas caps used car loans at 27%. So, unless I can find something more definitive, my guess is that used car loans range from 25% – 29% depending upon the state.

   Usury laws set maximum rates that one person or corporation can charge each other If you go beyond the usury limits, you need a banking or lending license of some kind.

   Banks have their own limit rules. Car dealers have their own limit rules.