Based on the latest information regarding used car loan rates for businesses in Maine, especially for those considering a co-signer, several options stand out as promising:

1. Investopedia: They report that some lenders offer rates for used car loans as low as 6.49%. This competitive rate can be significantly beneficial for businesses, especially when a co-signer with a strong credit profile is involved. For more details, you can check the full report at Investopedia - Best Auto Loan Rates.

2. MarketWatch: Average auto loan interest rates currently range for used cars from about 7.13% to 21.55%. In particular, businesses with a co-signer can expect to secure rates towards the lower end of this spectrum, depending on the credit qualifications of both parties. You can find further insights at MarketWatch - Average Auto Loan Interest Rates.

3. Bankrate: While focused on bad credit borrowers, Bankrate provides a comprehensive review of various lending options available in November 2024. They focus on rates that cater to bad credit and flexible eligibility requirements which could benefit businesses seeking loans with co-signers. More information can be accessed at Bankrate - Best Bad Credit Auto Loan Rates.

4. Tobacco Valley Teachers FCU: This credit union is also noteworthy, as they will match your car loan rate with a floor of 1.99% APR, giving it a strong competitive edge. However, proof of your current loan rate from another lender is required. Details can be found at Tobacco Valley Teachers FCU - Loan Rates.

5. CA Credit Union: They also provide competitive rates as low as 5.24% APR for both new and used vehicles, making it a worthy option for business auto loans in Maine. More about their offerings can be seen at CA Credit Union - Auto Loan Rates.

Summary

For businesses in Maine looking for the best used car loan rates with a co-signer, potential rates could range from approximately 5.24% to 6.49%, depending on the lender and the credit profiles of both the business owner and the co-signer. It's advisable to compare multiple lenders, as highlighted above, to secure the most favorable rates and terms that meet the business's financial needs.

Sources

Best Auto Loan Rates and Financing for November 2024Average Auto Loan Interest Rates (November 2024) - MarketWatchBest Bad Credit Auto Loan Rates in November 2024 - BankrateBest Auto Loan Rates - The BalanceAuto Loan Rates | CA Credit UnionLoan Rates - Tobacco Valley Teachers FCUBest Small Business Loans of November 2024 - ElitePersonalFinance

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