Average Used Car Loan Rates 2024. Looking to finance a car in 2024? The average auto loan interest rate for new cars in early 2024 was 6.73 percent, while used cars had an average rate of 11.91 percent.
The average auto loan interest rate in the second quarter of 2024 was 6.84% for a new car, according to experian’s state of the automotive finance market report, and 12.01% for a used car. Asked 49 car and 48 home insurers how much interest they charged customers to pay for cover monthly, with the annual percentage range (apr) across car insurers being 22.33% and the average.
Average Used Car Loan Rates 2024 Images References :