Average Car Loan Apr 2025. Expensive vehicles plus high interest rates make securing an affordable auto loan challenging — and rates aren’t likely to drop soon. Average car loan interest rates by credit score.
One year ago, this figure stood at 7%. The average car loan interest rate as of the fourth quarter in 2023 was 7.18% for new cars and 11.93% for used cars.
Expensive vehicles plus high interest rates make securing an affordable auto loan challenging — and rates aren’t likely to drop soon.
See how much buying a new car will cost you with our easy auto loan calculator!
In fact, an auto loan’s interest rate is usually the second most.
Expensive vehicles plus high interest rates make securing an affordable auto loan challenging — and rates aren’t likely to drop soon.
Average Car Loan Apr 2025. Expensive vehicles plus high interest rates make securing an affordable auto loan challenging — and rates aren’t likely to drop soon. Average car loan interest rates by credit score. One year ago, this figure stood at 7%. The average car loan interest rate as of the fourth quarter in 2023…
