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Asked 1/16/2008

Finance

What is the most interest rate a finance company can charge you in north carolina on a car

 
 
 
 
 
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Answer 1/3 - Submitted 1/18/2008

NORTH CAROLINA, the legal interest rate and the general usury limit
is 8%. However, there is a provision for a variable rate, which is
16% However, the law providing for 8% is still
on the books.

http://www.lectlaw.com/files/ban02.htm

 
 

Answer 2/3 - Submitted 12/2/2008

The interest rate ranges from 6% to 23% thats what i have heard. Moreover it depends upon your credit, loan terms, vehicle value and many other factors. So it difficult to set the range.

 
 

Answer 3/3 - Submitted 12/2/2008

29% if used depending year. Depending on state a 2006 usualy cant go past like 18% on avg

 
 
 
 
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