The average car loan interest rate is 6.35% for new cars and 11.62% for used cars, according to Experian 's State of the Automotive Finance Market report from the fourth quarter (Q4) of 2024.

Key Takeaways Use our calculator to determine both your monthly auto loan payment and the total amount of interest you’ll have paid once your loan is repaid in full. It’s vital to consider the ...

If you walked into a dealership today, you might face an uncomfortable surprise. Even with excellent credit, car loan interest rates could be higher than many drivers expect right now.

Although the Fed recently cut interest rates, car buyers in Q3 of the 2024 calendar year faced long loan terms and “unrelenting” auto financing conditions. These trends look to continue for ...

If the Fed wants more information about what a rate cut can do, it can examine the auto-finance portion of TransUnion’s Q1 2025 Credit Industry Insights Report, which includes a delinquency rate ...