The typical auto loan drawn for a used car is substantially less than for a new model, with consumers borrowing an average of $20,446 for used cars and $32,480 for new. However, terms longer than 48 ...

Some sources provide average auto loan interest rates on a monthly basis, but they aren’t broken down by credit score. In June 2025, automotive site Edmunds.com listed the average car loan ...

The current average auto loan interest rates across all credit profiles range from 5.25% to 15.77% for new cars and 7.13% to 21.55% for used cars. Advertiser Disclosure ...

Key takeaways. The average auto loan interest rate for new cars in the first quarter of 2025 was 6.73 percent, while the average used car loan interest rate was 11.87 percent.

Car prices, monthly payments, and insurance costs all rose during 2024. Good credit scores are key to securing good auto loan rates. APRs are decreasing for super prime and prime borrowers but ...

Here's why some car buyers live by the 20% rule when purchasing a new vehicle and how you can use it to your advantage.

Average Car Loan Interest Rates by Credit Score. Average rates vary widely from the lowest credit scores to the highest. According to data from Experian’s State of the Automotive Finance Market ...

Average New Car Loan Term. The latest Experian State of the Auto Finance Market report found the average term for new car loans—the number of months it takes to pay off loans on new cars—rose ...

The difference between average lease payments and average auto loan payments has narrowed from a $54 in 2022 to a mere $17 in 2024. In Q2 2024, ...

The latest Experian State of the Auto Finance Market report found the average term for new car loans — the number of months it takes to pay off loans on new cars — rose to 68.48 months in the ...

The difference between average lease payments and average auto loan payments has narrowed from a $54 in 2022 to a mere $17 in 2024. In Q2 2024, ...

The average APR for a new car loan was 7.18%, according to Experian's State of the Automotive Finance Market report for the first quarter of 2024. The average APR for used car loans was 11.93% ...