If a new-car loan costs 6%, a used-car loan would cost approximately ___ percent.

Name: If a new-car loan costs 6%, a used-car loan would cost approximately ___ percent.
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Used car loans generally have higher interest rates than new car loans. The interest rate for a used car loan can vary based on factors such as the age of the car, the borrower's credit score, and the loan amount. However, a 7% interest rate is a typical rate for a used car loan.

If a New-Car Loan Costs 6%, a Used-Car Loan Would