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Story summary
- The used car loan market in the U.S. has become more competitive in 2025, with lenders offering improved interest rates and higher loan-to-value (LTV) options.
- Interest rates for repurchase loans start at 11.99%, while refinancing rates begin at 13.99%.
- Some lenders allow borrowers to access up to 200% of their car's market value.
- Borrowers should also consider additional fees, including processing and late payment charges.
- Tools like EMI calculators assist customers in evaluating affordability and comparing loan options.
