Average New Car Loan Interest Rate 2024. According to experian’s most recent state of the automotive finance market report, the average auto loan interest rates across all credit scores are 7.18% for new. The fico credit score range is from 300 to 850, and auto loan rates are slightly higher if you purchase a new car versus a used car.
Compare the best auto loan rates from top lenders to maximize your savings on your next new or used car loan. Step back to 2021, and the average new car loan apr was around 5%.
Step Back To 2021, And The Average New Car Loan Apr Was Around 5%.
Your loan’s interest rate is a major factor in your overall loan cost.
One Year Ago, This Figure Stood At 7%.
The higher your credit score, the lower.
Average New Car Loan Interest Rate 2024 Images References :
The Fico Credit Score Range Is From 300 To 850, And Auto Loan Rates Are Slightly Higher If You Purchase A New Car Versus A Used Car.
We’ve compiled a list of lenders that currently offer the best auto loan rates for both new and.
Right Now, Average New Car Loan Interest Rates Are Sitting At:
The average auto loan interest rate for new cars in early 2024 was 6.73 percent, while used cars had an average rate of 11.91 percent.