Top 10 States for Lowest, Highest APR in February
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
SANTA MONICA, Calif. –
Based on data Edmunds.com gave Auto Remarketing sister publication SubPrime Auto Finance News, there was a 363-basis-point differential between the state with the highest average APR and lowest for all transactions by franchised dealers reported to the site in February.
Pacing the nation for this metric was Louisiana with an average APR of 6.19 percent for deals completed at franchised stores last month.
On the opposite end was Vermont as Edmunds.com discovered that state led the nation with the lowest APR in February at 2.56 percent.
The Top 10 highest for February included:
1. Louisiana: 6.19 percent
2. Mississippi: 5.41 percent
3. Georgia: 5.23 percent
4. Texas: 5.22 percent
5. West Virginia: 5.18 percent
6. Oklahoma: 5.09 percent
7. Alabama: 5.05 percent
8. South Carolina: 5.01 percent
9. Kentucky: 4.93 percent
10. Arkansas: 4.85 percent
The Top 10 lowest for last month included:
Subscribe to Auto Remarketing to stay informed and stay ahead.
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
1. Vermont: 2.56 percent
2. Massachusetts: 3.21 percent
3. New Hampshire: 3.28 percent
4. Connecticut: 3.29 percent
5. Delaware: 3.31 percent
6. Rhode Island: 3.41 percent
7. New Jersey: 3.42 percent
8. Wisconsin: 3.46 percent
9. Maine: 3.49 percent
10. Oregon: 3.63 percent
Continue the conversation with Auto Remarketing on both LinkedIn and Twitter.
