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In the second quarter of 2024, the overall average auto loan interest rate was 6.84% for new cars and 12.01% for used cars. Experian also provides average car loan APRs by credit score, based on...
The average auto loan interest rate for new cars in the second quarter of 2024 was 6.84 percent, while used cars had an average rate of 12.01 percent. Your credit score plays a...
The current average auto loan interest rates across all credit profiles range from 5.25% to 15.77% for new cars and 7.13% to 21.55% for used cars.
Average car loan interest rates by credit score. The average auto loan interest rate in the second quarter of 2024 was 6.84% for new vehicles and 12.01% for used vehicles, according to Experian.
Auto Loan Rates by Credit Score. Because your credit score significantly impacts your interest rate, it should be factored into your loan decision.
Compare auto loan rates. See rates for new and used car loans and find auto loan refinance rates from lenders.
The average interest rate on a new car loan with a credit score of 750 is 7.01%, while the average interest rate on a used car loan is 9.73%. What kind of interest rate can I get on a car loan with a 650 credit score?