SANTA MONICA, Calif. –

The annual percentage rate on used-car financing in November went up more than a percentage point from a year ago, and the average amount financed climbed more than $500.

That’s according to the latest auto finance data from Edmunds, as part of an analysis that mostly focused on the new-car side but also included year-over-year and five-year comparisons in pre-owned.

The average term on used-car financing packages in November was 67.27 months, up from 67.06 a year ago, Edmunds said. The average term length was at 64.57 months five years ago.

Monthly payments for used cars averaged $409, up from $389 in November 2017 and $369 in November 2013.

Used-car buyers were financing an average of $22,004 last month, up from $21,494 a year ago, according to Edmunds. In November 2013, they financed an average of $19,795.

The APR in used-car financing has climbed from 7.66 percent to 8.69 percent in the last year, the data shows. The APR back in November 2013 was 7.68.

Down payments were at $2,643 in November, compared to $2,475 a year ago and $2,188 five years ago.