While the average markup spread over the 34 million consumers that financed a vehicle through a dealership is $714, the actual cost of a rate markup on an individual car loan can be nearly $1700 for a new car and over $1200 for a used car.
Based on our newest research on dealer rate markups, the average dealer interest rate markup (spread over all of the consumers that financed a vehicle through a dealership in 2009) is $714. The amount sounds like a big chunk of money for most working families, but what does it really mean to the pocketbooks of most consumers?
Use the following links to see what the average dealer rate markup translates to:
Enough Gas for a Round Trip from Maine to Key West in a Passenger Vehicle with 22.6 MPG
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