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#569058 - 06/17/06 08:12 PM State Max APR on auto loans
farmer Offline
New Poster
Joined: Jun 2006
Posts: 2
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.
Last edited by farmer; 06/19/06 05:39 PM.
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#569059 - 06/19/06 04:22 PM Re: State Max APR
IUalum Offline
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IUalum
Joined: Mar 2002
Posts: 942
Kentucky
2% per month (not the same as 24% per year)
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#569060 - 06/19/06 05:31 PM Re: State Max APR
farmer Offline
New Poster
Joined: Jun 2006
Posts: 2
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.

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#569061 - 06/20/06 12:18 PM Re: State Max APR
MarieR Offline
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.
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#569062 - 06/29/06 07:15 PM Re: State Max APR on auto loans
Johncrcm Offline
100 Club
Joined: Dec 2002
Posts: 195
Eastern KY

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