Average Interest Rate Auto Loan 2024. The average car loan interest rate was 3.86% for new cars, according to experian’s state of the auto finance market report in the fourth quarter 2021. Since the first quarter of 2022, average auto financing rates have surged dramatically.
The average auto loan interest rate in the fourth quarter of 2023 was 7.18% for new vehicles and 11.93% for used vehicles,. Average car payments for new, leased and used vehicles in the u.s.
For New Vehicles, Rates Went From 4.07% In Early 2022.
One year ago, this figure stood at 7%.
Average Car Payments For New, Leased And Used Vehicles In The U.s.
Aprs vary, but you can use the table below to estimate the interest rate you might expect for your credit.
Car Loan Interest Rates Change Frequently And Impact How Much You’re Going To Pay Each Month.
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It includes any lender fees and is expressed as a percentage.
So It’s Important To Track Them When.
The average new car interest rate is now 9.95%.
We've Rounded Up The Current Average Interest Rates For New Car Loans,.