Average New Car Loan Interest Rate 2024


Average New Car Loan Interest Rate 2024. Step back to 2021, and the average new car loan apr was around 5%. The average auto loan interest rate for new cars in the second quarter of 2024 was 6.84 percent, while used cars had an average rate of 12.01 percent.


Average New Car Loan Interest Rate 2024

The average monthly car loan payment in the u.s. 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.

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