Average Car Loan Interest Rates 2024 . We've rounded up the current average interest rates for new car loans, used car loans and refinance car loans. The average auto loan interest rate in the first quarter of 2024 was 6.73% for new vehicles and 11.91% for used vehicles,.
In august 2024, automotive site edmunds.com listed the average car loan interest rate for july 2024 as 7.1% apr for new car loans and 11.4% apr for used car loans. When you take this into consideration, a good interest rate for a car loan will be the one that allows you to finance a car with manageable monthly payments for your.
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