Average New Car Loan Rate 2024. Please find below the latest car loan rates offered by banks and credit unions across the country that may meet your needs. The average interest rate on a new car loan with a credit score of 650 is 9.60%, while the average interest rate on a used car loan is 14.12%.
A good interest rate for an auto loan is subjective — it depends on your credit score, the car you’re buying, the amount of your down payment and more. The average price of a new car was more than $48,510 in april 2024, according to kelley blue book.
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.
The average price of a new car was more than $48,510 in april 2024, according to kelley blue book.
One Year Ago, This Figure Stood At 7%.
Step back to 2021, and the average new car loan apr was around 5%.
Average New Car Loan Rate 2024 Images References :
See Rates For New And Used Car Loans And Find Auto Loan Refinance Rates From Lenders.
If you’re thinking of financing a new car, you’ll want to take.
Below Are Our Picks For The Best Auto Loan Providers, Whether You’re Shopping For A New Vehicle Or Looking To Refinance Your Existing Car Loan.
The average interest rate on a new car loan with a credit score of 650 is 9.60%, while the average interest rate on a used car loan is 14.12%.
