and minimum and maximum loan terms. The overall average car loan interest rate is 6.84% for new cars and 12.01% for used cars. However, there are several factors that can influence what APRs you get.

The average car loan length is 68 months, according to the 2024 Experian State of the Auto Finance Market report. This is slightly higher than it was the year before. Typically, auto loan terms ...

The average car loan term is 68.48 months for a new car and 67.41 months for a used car, or close to six years, according to Experian data. The average length of auto loans for new and used ...

The average cost of full coverage car insurance is about $223 per month. New loan amounts increased slightly, year over year in the fourth quarter, from $40,484 in 2023 to $41,572 in 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% ...

Methodology: For this study, GOBankingRates analyzed each U.S. state to find the average auto loan rates. Using Edmunds.com’s APR car loan rates from August 2024, the auto loan rates were found ...

the average auto lease payment was $638—lower than the average monthly auto loan payment of $655. The difference between average lease payments and average auto loan payments has narrowed from a ...

The average auto loan interest rate for new cars in the fourth quarter of 2024 was 6.35 percent, while the average used car loan interest rate was 11.62 percent. Your credit score plays a ...