CNBC Select evaluated dozens of auto loan providers based on loan terms, car buying experience and other factors to determine the best car loans.

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 highest auto loan rate in 2024 was 8.58 percent for a four-year used car loan in the months of February and July. The lowest auto loan rate in 2024 was 7.41 percent for a four-year used car ...

While individual interest rates for auto loans vary on several factors, according to Experian's Q4 2023 State of the Automotive Finance Market insights, the average new car loan rate for deep ...

Borrowers with good credit scores generally qualify for the best auto loan rates. Prequalify with at least three lenders and arrange financing before you start shopping so you negotiate more ...

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 ...

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.