What Is The Average Interest Rate On A Car Loan

What Is The Average Interest Rate On A Car Loan

The national average for US auto loan interest rates in 2018 is 4.21% on 60 month loans. For individual consumers, however, rates vary based on credit score, term length of the loan, age of the car being financed, and other factors relevant to a lender's risk in offering a loan.
Based on your score, the average rate is 3.47% (new) or 4.19% (used). Based on your score, the average rate is 4.45% (new) or 5.94% (used).
Credit Score*, Term, Interest Rate, APR**. 740 & Above, 0 to 48 Months – 0% Down Payment, 4.00%. Used 2018, 2017 & 2016 Auto Loan Payment Examples .
Estimate the cost of your auto loan interest rate and calculate monthly payments.. Average APR. How Does The Auto Loan Interest Rate Estimator Work?
Shopping for a car? If you need a auto loan, find out how much you can borrow, and compare financing options. Calculating your payments is easy!