Full text of G.11 Finance Rate and Other Terms on New and Used Car Instalment Credit Contracts Purchased from Dealers by Major Auto Finance Companies : August 14, 1972

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August 14, 1972

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£ e a " d Other Terms on New and Used Car Instalment Credit Contracts
Purchased from Dealers by Major Auto Finance Companies

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Period

Customer rate
(per cent per annum)
New
Used
Total

Average maturity
(months)
New
Used
Total

Average amount
financed
(dollars)
New
Used
Total

Ratio of amount
financed to wholesale value
(per cent)
New
Used
Total

1971
June
July
August
September
October
November
December
1972
January
February
March
April
May
June

Note:




12.13
12.10
12.11
12.10
12.06
12.06
12.11

16.62
16.69
16.78
16.77
16.08
16.16
16.26

13.25
13.24
13.27
13.26
13.06
13.08
13.14

35.0
35.0
35.0
34.9
34.8
34.8
34.8

28.6
28.5
28.3
28.1
29.4
29.2
28.9

33.4
33.4
33.3
33.2
33.5
33.4
33.3

3,045
3,059
3,039
3,041
3,052
3,054
3,089

1,624
1,611
1,578
1,559
1,622
1,632
1,632

2,476
2,495
2,474
2,505
2,557
2,534
2,515

87
87
87
86
85
85
86

99
98
99
99
97
97
96

90
90
90
89
88
88
88

12.07
11.99
11.92
11.87
11.86
11.85

16.17
16.27
16.32
16.40
16.47
16.52

13.09
13.06
13.02
13.00
13.01
13.01

34.9
34.9
35.0
35.0
35.0
35.1

29.2
29.2
29.1
29.1
29.0
28.9

33.5
33.5
33.5
33.5
33.5
33.6

3,014
3,018
3,029
3,058
3,075
3,119

1,645
1,645
1,645
1,648
1,668
1,676

2,447
2,456
2,482
2,521
2,561
2,609

86
87
87
87
87
87

97
98
99
99
100
100

89
90
90
90
90
90

= —

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