Current Car Loan Interest Rates 2024 Usa. In september 2024, automotive site edmunds.com listed the average car loan interest rate for august 2024 as 7.1% apr for new car loans and 11.3% apr for used car loans. A good interest rate for an auto loan is subjective โ it depends on your credit score, the car youโre buying, the amount of your down payment and more.
Autopay currently has the best new car loan rates at 2.99% while consumers credit union has the lowest used car loan apr at 5.79%. To see how much of a difference a higher credit score can make for your rates, check out the average car loan interest rates by credit score.