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State Average for All New Cars: Average auto loan rate: 7.70%. Average auto loan total cost: $47,422. Average auto loan monthly cost: $765. Nate Hovee / Getty Images/iStockphoto.
As of the second quarter of 2024, the interest rate for a 60-month new car loan from a commercial bank clocked in at 8.20%, according to the Federal Reserve. That’s the highest rate the Fed has ...
Average APR for a used SUV: 11.00%. Average APR for a used truck: 10.50%. Average APR for a used electric vehicle: 14.13%. Average APR for a used sedan: 12.16%. State average APR for a used ...
State Average for All Used Cars. Average auto loan rate: 7.4%. Average auto loan total cost: $25,950. Average auto loan monthly cost: $451.
In 2019, 60-month auto loan rates on new vehicles averaged about 4.7%. However, as of July 2024, rates were at 7.89%, an increase of 68%, according to Statistica. For a $25,000 car loan, the ...
State Average for All New Cars. Average auto loan rate: 6.54%. Average auto loan cost: $47,134. Average auto loan monthly cost: $744.
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