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- Installment Credit-Finance Rates on Selected Types of Credit for Commercial Banks & Finance Companies:1975-1987 (in percent) Type 1975 1980 1985 1987
- Commercial banks:
- New automobiles (48 months)(1) 11.36 14.30 12.91 10.46
- Mobile homes (120 months)(1) 11.82 14.99 14.96 13.38
- Other consumer goods (24 months) 13.08 15.47 15.94 14.23
- Credit-card plans 17.16 17.31 18.69 17.93
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- Finance companies:
- New automobiles 13.12 14.82 11.98 10.73
- Used automobiles 17.63 19.10 17.59 14.61
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- 1. For 1975-1982, maturities were 36 months for new car loans and 84
- months for mobile home loans.
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- Source:Board of Governors of the Federal Reserve System.