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 ...

The average rate on a five-year new-car loan rose from 5.2% in February 2020 to 8% in February 2025, according to Federal Reserve data. A longer loan means lower monthly payments ...

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 ...

Make no mistake, many people in these situations are trading in fairly new cars by some standards. The average age is but 3.3 years for a trade-in when consumers are upside down on their car loan.

On average, consumers owed $6,838 on upside-down auto loans, which is an all-time high. Worse yet, some 1 in 4 consumers with negative equity owe more than $10,000 on their loans when they're ...

Experian looks into anonymized and aggregated data to provide an overview of the current lease market, recent trends and whether there will be more leasing or less in 2025 and beyond.

A car figure on top of a calendar. 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 ...

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 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 ...

Experian explains details around the rising average length of a car loan in the U.S., including tips to choose the right auto loan term for you. Average length of a car loan nears 70 months Skip ...