I ma trying to find somewhere what the states maximum APR% is for auto loans. I know it varies for what year of car and whether it is 45 to 30 days to first payment and term. But can not find it anywhere on the net. Anyhelp would be greatly appreciated.
I dont think that is correct. I know On a 60 month auto loan the max apr is 18.80% with 30 days to first payment on new or current year vehicle. I am just trying to figure out what it is for other years and the mx rates for those.
MarieR
Platinum Poster
Joined: Nov 2005
Posts: 614
The 2% per month is if you use section 290 loans. There are several different usury sections of KRS. The max APR would depend on what section of usury you are using for you notes.