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 : January 9, 1974

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F E D E R A L

R E S E R V E

statistical

release

•

G. 11

For immediate release.
January 9, 1974
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
(months)
Used
New
Total

Average amount
financed
(dollars)
Used
New
Total

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

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

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

11.89
11.86
11.85
11.88
11.91
11.94
12.02
12.13
12.28
12.34
12.40

16.08
16.20
16.32
16.44
16.52
16.61
16.75
16.86
16.98
17.11
17.21

12.93
12.94
12.96
13.02
13.06
13.10
13.20
13.30
13.45
13.52
13.59

34.9
35.0
35.1
35.2
35.3
35.4
35.4
35.4
35.3
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

33.6
33.7
33.7
33.8
33.8
33.9
33.8
33.7
33.6
33.4
33.3

3,200
3,199
3,184
3,201
3,225
3,283
3,329
3,347
3,418
3,448
3,400

1,789
1,794
1,787
1,792
1,815
1,837
1,820
1,786
1,780
1,824
1,826

2,668
2,666
2,678
2,704
2,738
2,797
2,834
2,824
2,852
2,935
2,891

87
87
87
88
88
88
88
88
87
88
88

98
99
99
99
99
99
99
99
99
99
100

90
90
90
91
91
91
91
91
90
91
91

1973
January
February
March
April
May
June
July
August
September
October
November

Note: Rates are reported on an annual percentage rate basis as specified in the Federal Reserve Board's Regulation Z
(Truth-in-Lending). Data on the amount financed exclude finance charges.