Securing a used car loan can be a prudent financial decision for many individuals seeking to purchase a reliable vehicle without the hefty price tag of a brand-new model. However, amidst the excitement of selecting the perfect car, it's imperative to be aware of the intricate details surrounding loan agreements, particularly the used car loan interest rates imposed by financial institutions. While seemingly straightforward, these rates can often harbour hidden complexities that may lead to unsuspected financial burdens down the road.