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# FEDERAL RESERVE statistical release For immediate release February 6, 1974 G .11 Finance Rate and Other Terms on New and Used Car Instalment Credit Contracts Purchased from Dealers by Major Auto Finance Companies Period Customer rate (per cent per annum) New Used Total Average maturity New Used Average amount financed Ratio of amount financed to wholesale value Total New Used Total New Used Total 33.5 33.6 33.3 33.2 33.2 33.2 3,141 3,116 3,101 3,186 3,179 3,208 1,692 1,671 1,629 1,692 1,706 1,729 2,641 2,600 2,566 2,702 2,675 2,710 87 87 87 87 87 87 100 100 100 100 100 99 90 90 90 90 90 90 1972 July August September October November December 11.84 11.85 11.88 11.86 11.89 11.92 16.57 16.62 16.71 16.67 16.78 16.87 13.02 13.04 13.08 13.06 13.11 13.15 35.1 35.2 35.0 34.9 34.9 34.9 28.8 28.6 28.3 28.2 28.0 27.9 1973 90 98 87 2,668 1,789 90 99 87 2,666 1,794 11.86 90 99 87 2,678 1,787 11.85 91 99 88 2,704 1,792 11.88 91 99 88 2,738 1,815 11.91 91 99 88 2,797 1,837 11.94 91 99 88 2,834 1,820 12.02 91 99 88 2,824 1,786 12.13 90 99 87 2,852 1,780 12.28 91 99 88 2,935 1,824 12.34 100 91 88 1,826 2,891 12.40 91 99 88 1,805 2,845 12.42 the Federal Reserve Board's Regulation Z Note: Rates are reported on an annual percentage rate basis as specified in on the amount financed exclude finance charges. (Truth-in-Lending). Data January February March April May June July August September October November December 11.89 16.08 16.20 16.32 16.44 16.52 16.61 16.75 16.86 16.98 17.11 17.21 17.31 12.93 12.94 12.96 13.02 13.06 13.10 13.20 13.30 13.45 13.52 13.59 13.63 34.9 35.0 35.1 35.2 35.3 35.4 35.4 35.4 35 .3 35.1 35.1 35.1 29.6 29.6 29.5 29.4 29.4 29.3 29.1 28.8 28.5 28.2 27.9 27.6 33.6 33.7 33.7 33.8 33.8 33.9 33.8 33.7 33.6 33.4 33.3 33.2 3,200 3,199 3,184 3,201 3,225 3,283 3,329 3,347 3,418 3,448 3,400 3,357
