Current auto loan rates have climbed substantially following the Fed’s recent interest-rate hikes, with the average new-car loan rate reaching 6.07% in the fourth quarter of 2022.

Your loan’s interest rate is a major factor in your overall loan cost. We’ve compiled a list of lenders that currently offer the best auto loan rates for both new and used cars.

Best Used Car Loan Rate Lender Lowest Auto Refinance APR Offered Minimum Credit Score Requirement Loan Term Minimum Loan Amount; 1. Autopay: 4.67%: 560: 24 to 96 months: $2,500 to $100,000: 2.

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. For used cars, the average interest rate ...

The tax and spending bill signed into law by President Trump on July 4 includes a limited tax break for car buyers.

It’s important to compare offers from different lenders. Even a small difference in interest rates or processing fees can ...

Here is our guide to finding the best auto loan rates and lenders, whether you’re looking to buy a new or used car, refinance an existing auto loan, or buy out a lease.

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.

The typical interest rate on a new car loan rose to 8.95% in March, up from 5.66% in March 2022, according to Cox Automotive. For used cars, the rate hit 11.3% last month, up from 7.7% the year ...

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.

Not only will prices vary, but auto loan rates will vary as well. In Maryland, the average APR for a used car loan is 7.10%, while in Mississippi, it’s 13.40%. See how the average used car loan ...

According to data from the Board of Governors of the Federal Reserve System, the average auto loan rate for a 48-month new car loan jumped from 4.87% in January 2022 to 8.30% in September 2023, an ...