With the average interest rate on auto loans rising by as much as 2% between Q2 2024 and Q3 2024, but the recent Federal Reserve rate cut likely to bring down APRs in the future, the personal-finance website WalletHub today released its new report on the States Where Auto Loan Interest Rates Are Increasing the Most, based on proprietary user data.
Increasing the Most | Increasing the Least |
1. North Dakota | 41. Idaho |
2. Utah | 42. Arizona |
3. Alaska | 43. Maryland |
4. Rhode Island | 44. Nebraska |
5. Hawaii | 45. Mississippi |
6. Colorado | 46. Alabama |
7. Kansas | 47. Montana |
8. Maine | 48. Connecticut |
9. Oregon | 49. Delaware |
10. Oklahoma | 50. Vermont |